Stifel Nicolaus Cuts Hyatt Hotels (NYSE:H) Price Target to $132.00

Hyatt Hotels (NYSE:H) had its target price reduced by Stifel Nicolaus from $156.75 to $132.00 in a report released on Wednesday morning,Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts have also recently issued reports on H. StockNews.com cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Monday, February 17th. Evercore ISI upgraded Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price target on the stock in a research report on Wednesday, March 5th. Mizuho dropped their price objective on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating for the company in a report on Friday, February 14th. Truist Financial cut their target price on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, Robert W. Baird decreased their target price on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Hyatt Hotels currently has a consensus rating of “Hold” and an average price target of $155.22.

Hyatt Hotels Stock Up 0.2 %

Shares of NYSE:H opened at $106.19 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. The firm has a market cap of $10.21 billion, a P/E ratio of 8.54 and a beta of 1.35. Hyatt Hotels has a 12 month low of $102.43 and a 12 month high of $168.20. The company’s 50-day moving average price is $126.69 and its two-hundred day moving average price is $145.70.

Hyatt Hotels (NYSE:H) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.22). Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the business earned $0.64 EPS. As a group, research analysts forecast that Hyatt Hotels will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Friday, February 28th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, February 28th. Hyatt Hotels’s dividend payout ratio is presently 4.82%.

Insiders Place Their Bets

In other news, insider Mark R. Vondrasek sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.80, for a total value of $1,168,000.00. Following the completion of the transaction, the insider now owns 9,337 shares in the company, valued at $1,090,561.60. This trade represents a 51.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $122.95, for a total value of $122,950.00. Following the sale, the insider now owns 811 shares in the company, valued at $99,712.45. The trade was a 55.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,600 shares of company stock valued at $1,517,798 in the last quarter. 23.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hyatt Hotels

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Hyatt Hotels during the 4th quarter worth approximately $77,136,000. Invesco Ltd. lifted its holdings in Hyatt Hotels by 241.4% during the 4th quarter. Invesco Ltd. now owns 679,557 shares of the company’s stock valued at $106,677,000 after purchasing an additional 480,523 shares during the last quarter. Norges Bank bought a new position in Hyatt Hotels during the fourth quarter worth $61,572,000. Alyeska Investment Group L.P. acquired a new position in shares of Hyatt Hotels in the fourth quarter valued at $43,953,000. Finally, Deutsche Bank AG raised its position in shares of Hyatt Hotels by 209.8% in the fourth quarter. Deutsche Bank AG now owns 255,563 shares of the company’s stock valued at $40,118,000 after purchasing an additional 173,075 shares during the period. 73.54% of the stock is owned by institutional investors.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.