Jefferies Financial Group Lowers Hyatt Hotels (NYSE:H) Price Target to $120.00

Hyatt Hotels (NYSE:H) had its target price decreased by Jefferies Financial Group from $161.00 to $120.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Other equities research analysts also recently issued reports about the stock. Mizuho dropped their price objective on shares of Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Truist Financial lowered their target price on shares of Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Robert W. Baird cut their price target on Hyatt Hotels from $158.00 to $156.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Evercore ISI upgraded Hyatt Hotels from an “in-line” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research note on Wednesday, March 5th. Finally, Barclays cut their target price on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $158.86.

Hyatt Hotels Stock Performance

H traded down $6.38 during trading on Wednesday, hitting $112.78. 444,852 shares of the company traded hands, compared to its average volume of 627,518. Hyatt Hotels has a one year low of $102.43 and a one year high of $168.20. The stock’s fifty day moving average is $133.99 and its 200 day moving average is $147.88. 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 $10.84 billion, a P/E ratio of 9.06 and a beta of 1.35.

Hyatt Hotels (NYSE:H) last released its 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). The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period in the prior year, the company earned $0.64 earnings per share. As a group, equities analysts predict 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. Shareholders of record on Friday, February 28th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, February 28th. Hyatt Hotels’s dividend payout ratio is currently 4.82%.

Insider Buying and Selling at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the transaction, the director now directly owns 37,927 shares in the company, valued at $5,377,290.06. This trade represents a 4.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total value of $122,950.00. Following the completion of the sale, the insider now owns 811 shares of the company’s stock, 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 have sold 12,600 shares of company stock worth $1,517,798 over the last ninety days. Insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Hyatt Hotels

Hedge funds and other institutional investors have recently modified their holdings of the company. Bernard Wealth Management Corp. bought a new stake in shares of Hyatt Hotels in the 4th quarter worth approximately $26,000. Versant Capital Management Inc raised its holdings in Hyatt Hotels by 583.3% in the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 175 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after purchasing an additional 104 shares during the period. iA Global Asset Management Inc. bought a new stake in shares of Hyatt Hotels during the 3rd quarter valued at about $51,000. Finally, Venturi Wealth Management LLC increased its position in shares of Hyatt Hotels by 750.0% during the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after buying an additional 300 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.