Zacks Investment Research reaffirmed their hold rating on shares of Wyndham Destinations (NYSE:WYND) in a research note released on Sunday, Zacks.com reports. Zacks Investment Research currently has a $49.00 target price on the stock.
According to Zacks, “Wyndham Destinations, Inc. operates as a hospitality company. It offers hotel management and vacation exchange and rental services, as well as develops, markets and sells vacation ownership interests to individual consumers. The Company franchises hotels in the upscale, midscale, and economy segments of the lodging industries. Wyndham Destinations, Inc., formerly known as Wyndham Worldwide Corporation, is based in FL, United States. “
Several other research firms also recently commented on WYND. JPMorgan Chase & Co. upped their price target on shares of Wyndham Destinations from $45.00 to $47.00 and gave the company a neutral rating in a research report on Friday, September 6th. SunTrust Banks set a $75.00 price objective on shares of Wyndham Destinations and gave the stock a buy rating in a research report on Wednesday, July 31st. Nomura raised their price objective on shares of Wyndham Destinations from $55.00 to $62.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. Finally, Jefferies Financial Group set a $62.00 price objective on shares of Wyndham Destinations and gave the company a buy rating in a research note on Friday, August 30th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Wyndham Destinations has a consensus rating of Buy and a consensus price target of $57.07.
WYND opened at $48.90 on Friday. Wyndham Destinations has a 52 week low of $33.55 and a 52 week high of $49.75. The business’s 50 day moving average is $43.22 and its two-hundred day moving average is $43.21. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 2.06 and a beta of 1.52.
Wyndham Destinations (NYSE:WYND) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.09. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. Wyndham Destinations had a negative return on equity of 90.37% and a net margin of 11.67%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 earnings per share. On average, sell-side analysts predict that Wyndham Destinations will post 5.52 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.80 annualized dividend and a dividend yield of 3.68%. Wyndham Destinations’s dividend payout ratio (DPR) is currently 38.38%.
In other news, insider Noah Brodsky sold 7,803 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $44.46, for a total value of $346,921.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Dean Brown bought 5,000 shares of Wyndham Destinations stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $40.16 per share, with a total value of $200,800.00. The disclosure for this purchase can be found here. Insiders own 1.59% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC boosted its holdings in Wyndham Destinations by 29.7% in the 2nd quarter. Advisory Services Network LLC now owns 1,104 shares of the company’s stock valued at $49,000 after purchasing an additional 253 shares in the last quarter. Poehling Capital Management LLC lifted its stake in shares of Wyndham Destinations by 3.3% in the second quarter. Poehling Capital Management LLC now owns 8,540 shares of the company’s stock valued at $375,000 after purchasing an additional 275 shares during the period. Captrust Financial Advisors lifted its stake in shares of Wyndham Destinations by 28.3% in the second quarter. Captrust Financial Advisors now owns 1,251 shares of the company’s stock valued at $55,000 after purchasing an additional 276 shares during the period. Machina Capital S.A.S. boosted its holdings in Wyndham Destinations by 11.1% during the second quarter. Machina Capital S.A.S. now owns 3,444 shares of the company’s stock worth $151,000 after buying an additional 344 shares in the last quarter. Finally, Huntington National Bank purchased a new stake in Wyndham Destinations during the second quarter worth about $25,000. 88.72% of the stock is owned by hedge funds and other institutional investors.
About Wyndham Destinations
Wyndham Destinations, Inc operates as a vacation ownership and exchange company in the United States and internationally. The company operates in two segments, Vacation Ownership and Exchange & Rentals. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.
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