Barclays Increases Wyndham Hotels & Resorts (NYSE:WH) Price Target to $100.00

Wyndham Hotels & Resorts (NYSE:WH) had its price objective increased by Barclays from $90.00 to $100.00 in a report issued on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other analysts also recently issued research reports about the stock. StockNews.com raised shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Truist Financial upped their price target on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a “buy” rating in a report on Friday. The Goldman Sachs Group began coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price target on the stock. Robert W. Baird upped their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an “outperform” rating in a report on Friday. Finally, Stifel Nicolaus upped their price objective on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Wyndham Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

Wyndham Hotels & Resorts Trading Up 0.7 %

Shares of WH opened at $90.63 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83. The firm’s 50-day moving average is $79.29 and its two-hundred day moving average is $75.00. Wyndham Hotels & Resorts has a twelve month low of $67.67 and a twelve month high of $91.93. The firm has a market capitalization of $7.30 billion, a P/E ratio of 32.14, a PEG ratio of 3.00 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The company had revenue of $396.00 million for the quarter, compared to the consensus estimate of $408.32 million. During the same quarter in the prior year, the firm earned $1.31 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts predict that Wyndham Hotels & Resorts will post 4.26 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Friday, September 13th. Wyndham Hotels & Resorts’s payout ratio is 53.90%.

Insider Activity at Wyndham Hotels & Resorts

In related news, CFO Michele Allen sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $89.99, for a total transaction of $1,349,850.00. Following the completion of the transaction, the chief financial officer now owns 10,056 shares of the company’s stock, valued at approximately $904,939.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Michele Allen sold 15,000 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $89.99, for a total value of $1,349,850.00. Following the completion of the sale, the chief financial officer now owns 10,056 shares of the company’s stock, valued at $904,939.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Monica Melancon sold 5,040 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $77.66, for a total transaction of $391,406.40. Following the sale, the insider now directly owns 10,606 shares of the company’s stock, valued at approximately $823,661.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,040 shares of company stock valued at $9,022,056. Company insiders own 2.79% of the company’s stock.

Institutional Investors Weigh In On Wyndham Hotels & Resorts

A number of large investors have recently added to or reduced their stakes in WH. Thrivent Financial for Lutherans grew its holdings in Wyndham Hotels & Resorts by 377.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,240,702 shares of the company’s stock valued at $91,812,000 after purchasing an additional 980,848 shares in the last quarter. Burgundy Asset Management Ltd. boosted its stake in Wyndham Hotels & Resorts by 70.9% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company’s stock valued at $163,589,000 after acquiring an additional 916,742 shares during the last quarter. Vanguard Group Inc. boosted its stake in Wyndham Hotels & Resorts by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock valued at $637,875,000 after acquiring an additional 581,909 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Wyndham Hotels & Resorts by 1,186.0% during the 1st quarter. Janus Henderson Group PLC now owns 509,441 shares of the company’s stock valued at $39,092,000 after acquiring an additional 469,827 shares during the last quarter. Finally, Boston Partners boosted its stake in Wyndham Hotels & Resorts by 15.4% during the 1st quarter. Boston Partners now owns 3,227,106 shares of the company’s stock valued at $247,646,000 after acquiring an additional 430,053 shares during the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.