Share on StockTwits

Starwood Hotels & Resorts Worldwide (NYSE:HOT) CAO Kenneth S. Siegel sold 2,654 shares of Starwood Hotels & Resorts Worldwide stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $83.42, for a total transaction of $221,396.68. Following the completion of the sale, the chief accounting officer now directly owns 68,826 shares of the company’s stock, valued at approximately $5,741,465. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Starwood Hotels & Resorts Worldwide (NYSE:HOT) traded down 0.40% on Tuesday, hitting $84.20. The stock had a trading volume of 1,655,812 shares. Starwood Hotels & Resorts Worldwide has a 52-week low of $63.85 and a 52-week high of $84.87. The stock has a 50-day moving average of $81.73 and a 200-day moving average of $79.74. The company has a market cap of $16.042 billion and a P/E ratio of 28.23. Starwood Hotels & Resorts Worldwide also was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 3,109,789 shares, an increase of 53.4% from the July 31st total of 2,027,510 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily trading volume, of 2,124,041 shares, the short-interest ratio is presently 1.5 days.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts expect that Starwood Hotels & Resorts Worldwide will post $2.84 EPS for the current fiscal year.

The company also recently declared a special dividend, which is scheduled for Friday, September 26th. Shareholders of record on Friday, September 5th will be given a dividend of $0.65 per share. This represents a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, September 3rd.

HOT has been the subject of a number of recent research reports. Analysts at Barclays upgraded shares of Starwood Hotels & Resorts Worldwide from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 15th. They now have a $89.00 price target on the stock, up previously from $84.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Starwood Hotels & Resorts Worldwide in a research note on Monday, July 28th. They now have a $83.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Starwood Hotels & Resorts Worldwide from $84.00 to $87.00 in a research note on Monday, July 28th. They now have an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Starwood Hotels & Resorts Worldwide has a consensus rating of “Buy” and an average price target of $86.82.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.