Hyatt Hotels has outperformed the market this year as business and tourist travel picks up. On Sept. 28, Hyatt expanded its presence in the home stay market. Hyatt launched a short-term vacation rental platform it calls Homes & Hideaways. On Thursday, the Relative Strength (RS) Rating for Hyatt stock climbed from 69 to 74.
Hyatt Stock Nearing Entry To Top-Performers Group
The upgraded 74 RS Rating means Hyatt stock beat 74% of all stocks this past year for price performance. The market's biggest winners often have an 80 or higher RS Rating as they begin their biggest climbs. See if Hyatt Hotels can close the six-point gap to that benchmark.
The new Homes & Hideaways platform intensifies its competition with popular bed-and-breakfast vacation rental company Airbnb and others in that market. Like its rivals, Hyatt offer short-term rentals in private homes.
In the news release announcing the new Homes & Hideaways platform, Hyatt Senior Vice President Amy Weinberg said, "This unique collection of curated homes will not only increase Hyatt's home offerings but also showcase a solid trajectory of key market growth where our guests are traveling most."
Among its other key ratings Hyatt stock has an 80 Composite Rating out of 99. Its Earnings Per Share Rating is also an 80, and it has a strong B SMR Rating (sales + profit margins + return on equity) on an A-to-E scale with A tops.
On the downside of the ledger Hyatt stock has an E Accumulation/Distribution Rating, which shows that mutual funds, ETFs and other big funds are selling more shares than buying. However, the number of funds holding Hyatt stock has risen over the last year, from 460 in the December-ended quarter to 490 in March, 517 in June and 678 in September.
See How IBD Helps You Make More Money In Stocks
Triple-Digit Profit Growth Recently
Hyatt stock rose from a 70.12 low on June 23, 2022 to a 2023 high at 127.80 on July 31 this year. It's consolidated since then and traded around 104 Thursday afternoon
Earnings per share shot up 78% last quarter, to 82 cents per share on 15% higher revenue to $1.71 billion. The prior two quarters its EPS rose 192% and 224%. During that period its sales climbed 48% and 31%. The company says on its website it plans to announce third quarter earnings results the morning of Nov. 2.
Hyatt stock earns the No. 8 rank among its peers in the Leisure-Lodging industry group. Behemoth hotels operator Marriott International, with roughly $22 billion annual revenue, is in the top five of the group. So is China-based hotels operator Atour Lifestyle.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
The exclusive Relative Strength Rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Please follow James DeTar on X, formerly known as Twitter, @JimDeTar
