Zacks Investment Research cut shares of Wyndham Worldwide (NYSE:WYN) from a buy rating to a hold rating in a report published on Wednesday.
According to Zacks, “Wyndham’s shares have outperformed S&P 500 in the last year. The company’s plan to spin-off its Hotel Group segment is expected to increase the fit, focus and strategic flexibility of both the companies. Going forward, Wyndham’s strong developmental pipeline, large international exposure and prudent acquisitions should boost earnings. Initiatives to increase occupancy like the remodeled loyalty program, technological upgrades and marketing efforts are expected to drive growth too. Focus on returning wealth to shareholders through buybacks and dividend hikes also bode well. It has a positive record of earnings surprises in recent quarters and estimates are stable ahead of its third-quarter earnings release. Lingering global uncertainties in some economies and currency fluctuations might limit revenue growth in the near term. Also, soft demand in oil producing regions might hurt RevPAR.”
Several other research analysts have also issued reports on WYN. SunTrust Banks increased their target price on Wyndham Worldwide to $131.00 and gave the stock a buy rating in a research report on Thursday, February 15th. ValuEngine raised Wyndham Worldwide from a hold rating to a buy rating in a research report on Friday, February 2nd. Stifel Nicolaus reissued a buy rating and issued a $130.00 target price on shares of Wyndham Worldwide in a research report on Friday, January 19th. Jefferies Group began coverage on Wyndham Worldwide in a research report on Friday, January 19th. They issued a buy rating and a $202.00 target price for the company. Finally, Goldman Sachs raised Wyndham Worldwide from a neutral rating to a buy rating in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $128.75.
WYN stock opened at $117.92 on Wednesday. The company has a market capitalization of $11,628.75, a P/E ratio of 13.94 and a beta of 1.38. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 6.44. Wyndham Worldwide has a 52-week low of $82.14 and a 52-week high of $127.96.
Wyndham Worldwide (NYSE:WYN) last released its quarterly earnings results on Wednesday, February 14th. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.14. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. Wyndham Worldwide had a return on equity of 92.39% and a net margin of 15.35%. Wyndham Worldwide’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.35 EPS. equities research analysts forecast that Wyndham Worldwide will post 7.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $2.64 annualized dividend and a dividend yield of 2.24%. This is an increase from Wyndham Worldwide’s previous quarterly dividend of $0.58. Wyndham Worldwide’s dividend payout ratio is presently 31.21%.
In related news, Director George Herrera sold 270 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $121.76, for a total value of $32,875.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Nicola Rossi sold 2,863 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $117.50, for a total value of $336,402.50. Following the completion of the sale, the vice president now owns 250 shares in the company, valued at approximately $29,375. The disclosure for this sale can be found here. Insiders sold a total of 19,510 shares of company stock worth $2,273,541 in the last 90 days. 2.39% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Iridian Asset Management LLC CT boosted its stake in Wyndham Worldwide by 9.7% during the 4th quarter. Iridian Asset Management LLC CT now owns 2,400,474 shares of the company’s stock valued at $278,143,000 after purchasing an additional 211,886 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Wyndham Worldwide by 52.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,025,053 shares of the company’s stock valued at $213,136,000 after purchasing an additional 695,118 shares during the last quarter. Investec Asset Management LTD purchased a new stake in Wyndham Worldwide during the 4th quarter valued at $226,144,000. Geode Capital Management LLC boosted its stake in Wyndham Worldwide by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 1,058,939 shares of the company’s stock valued at $122,435,000 after purchasing an additional 27,152 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in Wyndham Worldwide by 479.7% during the 3rd quarter. Janus Henderson Group PLC now owns 726,274 shares of the company’s stock valued at $76,556,000 after purchasing an additional 600,980 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.
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Wyndham Worldwide Company Profile
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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