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Starwood Hotels & Resorts Worldwide (NYSE:HOT) Director Bruce W. Duncan sold 21,813 shares of the company’s stock on the open market in a transaction dated Thursday, July 10th. The shares were sold at an average price of $84.36, for a total transaction of $1,840,144.68. Following the transaction, the director now directly owns 37,684 shares in the company, valued at approximately $3,179,022. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on HOT shares. Analysts at Citigroup Inc. upgraded shares of Starwood Hotels & Resorts Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday. They now have a $86.00 price target on the stock, down previously from $96.00. Separately, analysts at MLV & Co
upgraded shares of Starwood Hotels & Resorts Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday. They now have a $96.00 price target on the stock, up previously from $86.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Starwood Hotels & Resorts Worldwide in a research note on Wednesday, July 9th. They now have a $90.00 price target on the stock, up previously from $85.00. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $85.53.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) traded down 0.36% during mid-day trading on Monday, hitting $83.38. The stock had a trading volume of 1,522,344 shares. Starwood Hotels & Resorts Worldwide has a 52 week low of $62.40 and a 52 week high of $84.87. The stock’s 50-day moving average is $80.76 and its 200-day moving average is $78.70. The company has a market cap of $16.009 billion and a price-to-earnings ratio of 28.81.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.07. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company posted $0.76 earnings per share. Starwood Hotels & Resorts Worldwide’s revenue was down 5.3% compared to the same quarter last year. On average, analysts predict that Starwood Hotels & Resorts Worldwide will post $2.83 earnings per share for the current fiscal year.

Starwood Hotels & Resorts Worldwide, Inc (NYSE:HOT) is a hotel and leisure company.

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