Interval Leisure Group Inc. (NASDAQ:IILG)‘s stock had its “outperform” rating reissued by investment analysts at Oppenheimer Holdings Inc. in a report issued on Wednesday. They currently have a $22.00 price target on the stock. Oppenheimer Holdings Inc.’s price objective would suggest a potential upside of 27.31% from the company’s current price.
Other research analysts have also issued research reports about the stock. TheStreet raised shares of Interval Leisure Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 14th. MKM Partners raised shares of Interval Leisure Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.50 to $25.00 in a research note on Thursday, July 14th. Finally, Zacks Investment Research raised shares of Interval Leisure Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 9th.
Interval Leisure Group (NASDAQ:IILG) opened at 17.28 on Wednesday. Interval Leisure Group has a 1-year low of $10.61 and a 1-year high of $21.98. The company’s 50 day moving average is $17.15 and its 200 day moving average is $15.72. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 4.96 and a beta of 1.30.
Interval Leisure Group (NASDAQ:IILG) last announced its earnings results on Thursday, August 4th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.15. The company earned $297 million during the quarter, compared to analyst estimates of $345.40 million. Interval Leisure Group had a net margin of 28.78% and a return on equity of 12.35%. Interval Leisure Group’s revenue was up 70.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 earnings per share. Equities research analysts forecast that Interval Leisure Group will post $1.43 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 21st. Stockholders of record on Wednesday, September 7th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Friday, September 2nd. Interval Leisure Group’s payout ratio is 17.20%.
A hedge fund recently bought a new stake in Interval Leisure Group stock. Norges Bank acquired a new stake in shares of Interval Leisure Group Inc. (NASDAQ:IILG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 632,762 shares of the company’s stock, valued at approximately $9,877,000. Norges Bank owned 1.10% of Interval Leisure Group at the end of the most recent reporting period. Institutional investors and hedge funds own 80.46% of the company’s stock.
About Interval Leisure Group
Interval Leisure Group, Inc (ILG) is a provider of non-traditional lodging, encompassing a portfolio of leisure businesses from exchange and vacation rental to vacation ownership. The Company operates through two segments. The Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.
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