Interval Leisure Group (NASDAQ:ILG) has been assigned a consensus rating of “Buy” from the ten research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $32.83.
Several equities research analysts have recently commented on the company. BidaskClub downgraded Interval Leisure Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 6th. Zacks Investment Research raised Interval Leisure Group from a “sell” rating to a “hold” rating in a report on Saturday, March 3rd. Oppenheimer upped their target price on Interval Leisure Group from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, March 15th. ValuEngine raised Interval Leisure Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. Finally, Macquarie started coverage on Interval Leisure Group in a research note on Friday, January 5th. They issued a “neutral” rating for the company.
A number of institutional investors have recently made changes to their positions in ILG. Hudson Bay Capital Management LP acquired a new position in Interval Leisure Group in the 4th quarter worth about $12,104,000. Hosking Partners LLP increased its position in Interval Leisure Group by 7.6% in the 4th quarter. Hosking Partners LLP now owns 143,410 shares of the business services provider’s stock worth $4,084,000 after purchasing an additional 10,117 shares during the last quarter. Stansberry Asset Management LLC acquired a new position in Interval Leisure Group in the 4th quarter worth about $3,633,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in Interval Leisure Group in the 4th quarter worth about $5,696,000. Finally, Neuberger Berman Group LLC increased its position in Interval Leisure Group by 35.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 292,092 shares of the business services provider’s stock worth $7,808,000 after purchasing an additional 75,981 shares during the last quarter. 84.08% of the stock is owned by hedge funds and other institutional investors.
Interval Leisure Group (NASDAQ:ILG) last announced its earnings results on Wednesday, February 28th. The business services provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). Interval Leisure Group had a net margin of 9.35% and a return on equity of 8.41%. The company had revenue of $438.00 million for the quarter, compared to analysts’ expectations of $419.43 million. During the same period in the prior year, the company earned $0.48 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. sell-side analysts expect that Interval Leisure Group will post 1.31 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Friday, March 16th were paid a $0.175 dividend. This is an increase from Interval Leisure Group’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a yield of 2.12%. The ex-dividend date was Thursday, March 15th. Interval Leisure Group’s dividend payout ratio is currently 63.64%.
About Interval Leisure Group
ILG, Inc, together with its subsidiaries, provides professional vacation services in the United States and internationally. The company operates in two segments, Vacation Ownership (VO), and Exchange and Rental. The VO segment engages in the sale, marketing, financing, and development of vacation ownership interests; and management of vacation ownership resorts, as well as in the provision of related services to owners and homeowners' associations (HOAs).
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