Hyatt Hotels (NYSE:H) Hits New 12-Month High – Should You Buy?
by Tristan Rich · The Markets DailyHyatt Hotels Corporation (NYSE:H – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $168.45 and last traded at $167.8080, with a volume of 169419 shares traded. The stock had previously closed at $165.38.
Analyst Ratings Changes
H has been the topic of a number of research reports. Truist Financial raised their target price on shares of Hyatt Hotels from $159.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. JPMorgan Chase & Co. started coverage on shares of Hyatt Hotels in a research report on Monday, November 24th. They set an “overweight” rating and a $178.00 price objective on the stock. Stifel Nicolaus increased their target price on shares of Hyatt Hotels from $158.00 to $164.00 and gave the stock a “hold” rating in a research note on Wednesday, December 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hyatt Hotels in a research report on Monday, December 29th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $188.00 price target on shares of Hyatt Hotels in a research note on Friday, January 2nd. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.56.
Get Our Latest Research Report on H
Hyatt Hotels Price Performance
The company has a market capitalization of $15.96 billion, a P/E ratio of -180.69, a P/E/G ratio of 1.89 and a beta of 1.29. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.47. The company has a 50 day moving average price of $158.86 and a 200 day moving average price of $149.03.
Hyatt Hotels (NYSE:H – Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.79). The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.82 billion. Hyatt Hotels had a negative net margin of 1.27% and a positive return on equity of 3.22%. During the same period in the previous year, the firm posted $0.94 EPS. The company’s revenue was up 9.6% compared to the same quarter last year. On average, equities analysts predict that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.
Hyatt Hotels Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $0.60 annualized dividend and a dividend yield of 0.4%. Hyatt Hotels’s dividend payout ratio is presently -64.52%.
Insider Transactions at Hyatt Hotels
In other news, insider Javier Aguila sold 9,548 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the completion of the sale, the insider owned 2,684 shares in the company, valued at $445,195.08. The trade was a 78.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Peter Sears sold 12,394 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $155.51, for a total value of $1,927,390.94. Following the transaction, the insider directly owned 5,594 shares in the company, valued at $869,922.94. The trade was a 68.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,383 shares of company stock worth $5,321,682 over the last ninety days. 23.70% of the stock is owned by insiders.
Institutional Trading of Hyatt Hotels
A number of hedge funds and other institutional investors have recently bought and sold shares of H. Northwestern Mutual Investment Management Company LLC increased its position in Hyatt Hotels by 0.8% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 9,437 shares of the company’s stock worth $1,339,000 after purchasing an additional 72 shares during the period. Allworth Financial LP boosted its stake in shares of Hyatt Hotels by 17.8% in the 3rd quarter. Allworth Financial LP now owns 483 shares of the company’s stock valued at $69,000 after purchasing an additional 73 shares during the last quarter. New England Research & Management Inc. grew its position in shares of Hyatt Hotels by 0.3% during the 3rd quarter. New England Research & Management Inc. now owns 23,351 shares of the company’s stock worth $3,314,000 after buying an additional 80 shares during the period. Atria Investments Inc lifted its holdings in Hyatt Hotels by 4.1% in the second quarter. Atria Investments Inc now owns 2,063 shares of the company’s stock valued at $288,000 after buying an additional 81 shares during the period. Finally, Gilbert & Cook Inc. boosted its position in shares of Hyatt Hotels by 3.5% in the 4th quarter. Gilbert & Cook Inc. now owns 2,439 shares of the company’s stock worth $391,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 73.54% of the company’s stock.
Hyatt Hotels Company Profile
Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.
Hyatt’s business model combines property ownership, management contracts and third-party franchising.