Royal Caribbean Cruises (NYSE:RCL) Stock Price Down 5% – Time to Sell?

Royal Caribbean Cruises Ltd. (NYSE:RCL) shares were down 5% on Monday . The company traded as low as $249.00 and last traded at $250.9690. Approximately 1,864,481 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 2,380,246 shares. The stock had previously closed at $264.09.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Citigroup lowered their price objective on shares of Royal Caribbean Cruises from $399.00 to $336.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Barclays decreased their price objective on Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Royal Bank Of Canada set a $360.00 price objective on shares of Royal Caribbean Cruises in a research report on Friday, October 31st. Wells Fargo & Company initiated coverage on Royal Caribbean Cruises in a report on Tuesday, November 18th. They set an “overweight” rating and a $320.00 price objective for the company. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Royal Caribbean Cruises in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus target price of $326.82.

Royal Caribbean Cruises Trading Down 3.3%

The stock has a market capitalization of $69.68 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 0.84 and a beta of 2.04. The company has a 50 day moving average of $297.17 and a 200 day moving average of $302.70. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.21 and a current ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, beating the consensus estimate of $5.68 by $0.07. The firm had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.20 EPS. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. On average, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were given a $1.00 dividend. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. The ex-dividend date was Thursday, September 25th. This represents a $4.00 annualized dividend and a yield of 1.6%. Royal Caribbean Cruises’s payout ratio is currently 26.90%.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total value of $309,936.00. Following the sale, the director owned 14,234 shares of the company’s stock, valued at approximately $4,010,571.84. The trade was a 7.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.95% of the stock is owned by company insiders.

Hedge Funds Weigh In On Royal Caribbean Cruises

Several institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC increased its holdings in Royal Caribbean Cruises by 13.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 258,441 shares of the company’s stock valued at $83,626,000 after purchasing an additional 30,232 shares in the last quarter. WBI Investments LLC bought a new position in shares of Royal Caribbean Cruises in the third quarter valued at approximately $530,000. Centaurus Financial Inc. lifted its stake in Royal Caribbean Cruises by 4.2% during the third quarter. Centaurus Financial Inc. now owns 6,350 shares of the company’s stock valued at $2,055,000 after purchasing an additional 258 shares during the last quarter. Center For Asset Management LLC purchased a new position in shares of Royal Caribbean Cruises in the third quarter worth approximately $875,000. Finally, Coldstream Capital Management Inc. lifted its position in shares of Royal Caribbean Cruises by 7.9% in the third quarter. Coldstream Capital Management Inc. now owns 6,993 shares of the company’s stock worth $2,263,000 after purchasing an additional 513 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.