Shares of Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) gapped up before the market opened on Friday . The stock had previously closed at $78.29, but opened at $78.48. Starwood Hotels & Resorts Worldwide shares last traded at $78.77, with a volume of 388,073 shares traded.

A number of analysts have commented on HOT shares. Macquarie cut Starwood Hotels & Resorts Worldwide from an “outperform” rating to a “neutral” rating in a research report on Tuesday, May 3rd. Zacks Investment Research cut Starwood Hotels & Resorts Worldwide from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Jefferies Group reaffirmed a “hold” rating on shares of Starwood Hotels & Resorts Worldwide in a research report on Tuesday, April 26th. TheStreet cut Starwood Hotels & Resorts Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Finally, Vetr raised Starwood Hotels & Resorts Worldwide from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Wednesday, May 11th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.83.

The firm has a market cap of $13.38 billion and a PE ratio of 162.03. The company’s 50-day moving average price is $76.02 and its 200-day moving average price is $74.05.

Starwood Hotels & Resorts Worldwide (NYSE:HOT) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.03. During the same period in the prior year, the firm posted $0.84 EPS. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.34 billion. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts anticipate that Starwood Hotels & Resorts Worldwide Inc. will post $2.97 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in HOT. Advantus Capital Management Inc increased its stake in shares of Starwood Hotels & Resorts Worldwide by 2.4% in the fourth quarter. Advantus Capital Management Inc now owns 16,186 shares of the company’s stock worth $1,121,000 after buying an additional 372 shares during the last quarter. GAM Holding AG increased its stake in Starwood Hotels & Resorts Worldwide by 16.1% in the fourth quarter. GAM Holding AG now owns 21,797 shares of the company’s stock worth $1,510,000 after buying an additional 3,027 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in Starwood Hotels & Resorts Worldwide by 5.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 22,598 shares of the company’s stock worth $1,566,000 after buying an additional 1,269 shares during the last quarter. Victory Capital Management Inc. increased its stake in Starwood Hotels & Resorts Worldwide by 31.0% in the fourth quarter. Victory Capital Management Inc. now owns 26,453 shares of the company’s stock worth $1,833,000 after buying an additional 6,259 shares during the last quarter. Finally, Utah Retirement Systems increased its stake in Starwood Hotels & Resorts Worldwide by 0.3% in the fourth quarter. Utah Retirement Systems now owns 30,656 shares of the company’s stock worth $2,124,000 after buying an additional 100 shares during the last quarter.

Starwood Hotels & Resorts Worldwide, Inc is a hotel and leisure company. The Company’s hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale segments of the lodging industry. The Company manages and operates its hotel business in three hotel segments: the Americas; Europe, Africa and the Middle East (EAME), and Asia Pacific.

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