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

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

Analyst Ratings Changes

A number of research firms have commented on RCL. William Blair reaffirmed an “outperform” rating on shares of Royal Caribbean Cruises in a research report on Tuesday, October 28th. Tigress Financial raised their target price on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, October 8th. Mizuho cut their price target on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Finally, Barclays decreased their price objective on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $326.82.

Royal Caribbean Cruises Stock Performance

The firm has a 50 day moving average of $297.17 and a 200-day moving average of $302.70. The stock has a market capitalization of $69.68 billion, a PE ratio of 17.18, a P/E/G ratio of 0.84 and a beta of 2.04. 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 announced its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 EPS for the quarter, topping the consensus estimate of $5.68 by $0.07. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The company had revenue of $5.14 billion for the quarter, compared to analyst estimates of $5.16 billion. During the same quarter in the prior year, the business posted $5.20 EPS. Royal Caribbean Cruises’s quarterly revenue was up 5.2% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 13th. Stockholders of record on Thursday, September 25th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, September 25th. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.6%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 26.90%.

Insider Buying and Selling

In related news, Director Maritza Gomez Montiel sold 1,100 shares of Royal Caribbean Cruises stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $281.76, for a total transaction of $309,936.00. Following the completion of the sale, the director directly owned 14,234 shares of the company’s stock, valued at $4,010,571.84. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.95% of the stock is currently owned by insiders.

Institutional Trading of Royal Caribbean Cruises

A number of hedge funds have recently modified their holdings of the stock. Opal Wealth Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the second quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Royal Caribbean Cruises during the second quarter valued at about $31,000. 1 North Wealth Services LLC bought a new position in shares of Royal Caribbean Cruises during the second quarter valued at about $31,000. Evolution Wealth Management Inc. purchased a new position in Royal Caribbean Cruises in the second quarter valued at about $31,000. Finally, Trust Co. of Toledo NA OH bought a new position in Royal Caribbean Cruises during the second quarter worth about $32,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Company Profile

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.