Interval Leisure Group (NASDAQ:ILG) had its price target upped by Oppenheimer from $32.00 to $38.00 in a report published on Thursday, March 15th. The brokerage currently has an outperform rating on the business services provider’s stock.
ILG has been the subject of several other reports. Zacks Investment Research raised shares of Interval Leisure Group from a sell rating to a hold rating in a research report on Saturday, March 3rd. BidaskClub raised shares of Interval Leisure Group from a hold rating to a buy rating in a research report on Wednesday, January 31st. Macquarie assumed coverage on shares of Interval Leisure Group in a research report on Friday, January 5th. They issued a neutral rating for the company. Finally, ValuEngine upgraded shares of Interval Leisure Group from a hold rating to a buy rating in a report on Sunday, December 31st. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $32.86.
ILG stock traded down $0.46 during mid-day trading on Thursday, reaching $31.53. 1,237,959 shares of the stock traded hands, compared to its average volume of 1,285,368. The company has a quick ratio of 1.09, a current ratio of 1.86 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $3,973.25, a price-to-earnings ratio of 28.66 and a beta of 1.47. Interval Leisure Group has a one year low of $20.80 and a one year high of $34.92.
Interval Leisure Group (NASDAQ:ILG) last posted its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.02). Interval Leisure Group had a return on equity of 8.41% and a net margin of 9.35%. The company had revenue of $438.00 million during the quarter, compared to the consensus estimate of $419.43 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. equities research analysts expect that Interval Leisure Group will post 1.31 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were issued a $0.175 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.70 dividend on an annualized basis and a yield of 2.22%. This is a positive change from Interval Leisure Group’s previous quarterly dividend of $0.15. Interval Leisure Group’s dividend payout ratio (DPR) is presently 63.64%.
A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Interval Leisure Group by 4.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,624,637 shares of the business services provider’s stock valued at $150,348,000 after purchasing an additional 241,331 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Interval Leisure Group by 3.0% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,089,224 shares of the business services provider’s stock worth $59,501,000 after acquiring an additional 60,216 shares during the period. Alyeska Investment Group L.P. raised its holdings in shares of Interval Leisure Group by 58.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,602,542 shares of the business services provider’s stock worth $42,836,000 after acquiring an additional 593,564 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Interval Leisure Group by 1.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,560,311 shares of the business services provider’s stock worth $44,438,000 after acquiring an additional 23,542 shares during the period. Finally, Eagle Asset Management Inc. raised its holdings in shares of Interval Leisure Group by 6.5% during the 4th quarter. Eagle Asset Management Inc. now owns 1,440,806 shares of the business services provider’s stock worth $41,278,000 after acquiring an additional 87,931 shares during the period. Institutional investors own 84.08% of the company’s stock.
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About Interval Leisure Group
ILG, Inc, together with its subsidiaries, provides professional vacation services in the United States and internationally. The company operates in two segments, Vacation Ownership (VO), and Exchange and Rental. The VO segment engages in the sale, marketing, financing, and development of vacation ownership interests; and management of vacation ownership resorts, as well as in the provision of related services to owners and homeowners' associations (HOAs).
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