Wyndham Worldwide (WYN) Lifted to “Market Perform” at Wolfe Research
Wolfe Research upgraded shares of Wyndham Worldwide (NYSE:WYN) from an underperform rating to a market perform rating in a research note issued to investors on Thursday morning, The Fly reports.
Separately, Zacks Investment Research raised Wyndham Worldwide from a sell rating to a hold rating and set a $124.00 target price for the company in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $108.29.
Wyndham Worldwide (NYSE:WYN) opened at $113.58 on Thursday. The firm has a market capitalization of $11,487.35, a P/E ratio of 20.35 and a beta of 1.35. Wyndham Worldwide has a 1 year low of $75.36 and a 1 year high of $115.22. The company has a debt-to-equity ratio of 9.00, a current ratio of 0.96 and a quick ratio of 0.81.
Wyndham Worldwide (NYSE:WYN) last released its earnings results on Wednesday, October 25th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.01. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the business posted $1.89 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. sell-side analysts expect that Wyndham Worldwide will post 6.04 EPS for the current year.
Wyndham Worldwide announced that its Board of Directors has authorized a share buyback plan on Wednesday, October 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 27th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Friday, November 24th. This represents a $2.32 annualized dividend and a yield of 2.04%. Wyndham Worldwide’s dividend payout ratio (DPR) is 41.58%.
In other news, Director George Herrera sold 311 shares of Wyndham Worldwide stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total value of $32,910.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Scott G. Mclester sold 15,381 shares of Wyndham Worldwide stock in a transaction on Monday, December 18th. The shares were sold at an average price of $115.00, for a total value of $1,768,815.00. Following the completion of the sale, the vice president now directly owns 8,917 shares of the company’s stock, valued at $1,025,455. The disclosure for this sale can be found here. Insiders own 2.39% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WYN. HighTower Advisors LLC lifted its holdings in Wyndham Worldwide by 1.2% during the 2nd quarter. HighTower Advisors LLC now owns 4,705 shares of the company’s stock worth $476,000 after buying an additional 54 shares during the last quarter. BB&T Securities LLC lifted its holdings in shares of Wyndham Worldwide by 2.3% in the 2nd quarter. BB&T Securities LLC now owns 2,499 shares of the company’s stock valued at $250,000 after purchasing an additional 56 shares during the last quarter. Empirical Finance LLC lifted its holdings in shares of Wyndham Worldwide by 0.5% in the 2nd quarter. Empirical Finance LLC now owns 12,758 shares of the company’s stock valued at $1,282,000 after purchasing an additional 63 shares during the last quarter. Advisory Services Network LLC increased its position in Wyndham Worldwide by 1.0% in the 2nd quarter. Advisory Services Network LLC now owns 9,270 shares of the company’s stock valued at $931,000 after acquiring an additional 90 shares during the period. Finally, Thrivent Financial For Lutherans increased its position in Wyndham Worldwide by 0.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 30,222 shares of the company’s stock valued at $3,034,000 after acquiring an additional 100 shares during the period. 93.92% of the stock is owned by hedge funds and other institutional investors.
About Wyndham Worldwide
Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.
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