TD Cowen Boosts Hyatt Hotels (NYSE:H) Price Target to $160.00

Hyatt Hotels (NYSE:H) had its price objective boosted by TD Cowen from $95.00 to $160.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a market perform rating on the stock.

A number of other equities analysts have also commented on the stock. Jefferies Financial Group raised their target price on shares of Hyatt Hotels from $104.00 to $127.00 and gave the stock a hold rating in a research report on Tuesday, January 2nd. Royal Bank of Canada lifted their price objective on shares of Hyatt Hotels from $37.00 to $41.00 and gave the company a sector perform rating in a report on Wednesday, February 14th. StockNews.com lowered shares of Hyatt Hotels from a hold rating to a sell rating in a report on Tuesday, March 19th. Truist Financial lifted their price objective on shares of Hyatt Hotels from $143.00 to $172.00 and gave the company a buy rating in a report on Thursday, March 14th. Finally, Wells Fargo & Company lifted their price objective on shares of Hyatt Hotels from $138.00 to $160.00 and gave the company an overweight rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $134.56.

Hyatt Hotels Trading Down 0.2 %

NYSE:H opened at $159.15 on Thursday. The firm has a market capitalization of $16.38 billion, a price-to-earnings ratio of 78.02, a price-to-earnings-growth ratio of 22.71 and a beta of 1.49. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.59. The business has a fifty day moving average price of $141.15 and a 200-day moving average price of $123.48. Hyatt Hotels has a one year low of $96.77 and a one year high of $159.93.

Hyatt Hotels (NYSE:H) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.26. Hyatt Hotels had a net margin of 3.30% and a return on equity of 7.59%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the company posted $2.55 EPS. Sell-side analysts forecast that Hyatt Hotels will post 3.25 EPS for the current year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Wednesday, February 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. Hyatt Hotels’s payout ratio is 29.41%.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of Hyatt Hotels stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total value of $200,096,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder F.L.P. Trust #14 sold 1,283,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $155.96, for a total transaction of $200,096,680.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joan Bottarini sold 4,250 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $128.72, for a total transaction of $547,060.00. Following the transaction, the insider now owns 11,301 shares in the company, valued at $1,454,664.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,440,275 shares of company stock valued at $222,698,127. Corporate insiders own 21.24% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Hyatt Hotels by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,469,443 shares of the company’s stock valued at $361,847,000 after purchasing an additional 37,317 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Hyatt Hotels by 6.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,405,283 shares of the company’s stock valued at $313,673,000 after purchasing an additional 148,804 shares during the last quarter. Select Equity Group L.P. increased its position in shares of Hyatt Hotels by 196.2% in the 1st quarter. Select Equity Group L.P. now owns 2,206,791 shares of the company’s stock valued at $246,697,000 after purchasing an additional 1,461,693 shares during the last quarter. Morgan Stanley increased its position in shares of Hyatt Hotels by 1.1% in the 3rd quarter. Morgan Stanley now owns 2,194,911 shares of the company’s stock valued at $232,836,000 after purchasing an additional 24,121 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Hyatt Hotels by 14.6% in the 2nd quarter. BlackRock Inc. now owns 2,168,020 shares of the company’s stock valued at $248,412,000 after purchasing an additional 275,503 shares during the last quarter. 46.03% of the stock is currently owned by institutional investors and hedge funds.

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.