Zacks Investment Research upgraded shares of Wyndham Worldwide (NYSE:WYN) from a hold rating to a buy rating in a research note released on Tuesday. Zacks Investment Research currently has $130.00 price target on the stock.
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.”
WYN has been the topic of several other reports. Wolfe Research upgraded Wyndham Worldwide from an underperform rating to a market perform rating in a research report on Thursday, December 21st. Goldman Sachs upgraded Wyndham Worldwide from a neutral rating to a buy rating in a research report on Friday, January 19th. Stifel Nicolaus lifted their price target on Wyndham Worldwide from $113.00 to $123.00 in a research report on Friday, January 5th. They noted that the move was a valuation call. ValuEngine upgraded Wyndham Worldwide from a hold rating to a buy rating in a research report on Friday, February 2nd. Finally, Macquarie initiated coverage on Wyndham Worldwide in a research report on Friday, January 5th. They set an underperform rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $128.75.
Wyndham Worldwide (WYN) opened at $112.39 on Tuesday. Wyndham Worldwide has a 1 year low of $83.19 and a 1 year high of $127.96. The stock has a market capitalization of $11,759.39, a price-to-earnings ratio of 13.28 and a beta of 1.38. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.03 and a current ratio of 1.17.
Wyndham Worldwide (NYSE:WYN) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.14. Wyndham Worldwide had a return on equity of 92.39% and a net margin of 15.35%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm earned $1.35 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. sell-side analysts predict that Wyndham Worldwide will post 7.03 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.35%. This is a boost from Wyndham Worldwide’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, March 14th. Wyndham Worldwide’s payout ratio is presently 31.21%.
In related news, CEO Geoffrey A. Ballotti sold 8,968 shares of Wyndham Worldwide stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $114.73, for a total value of $1,028,898.64. Following the transaction, the chief executive officer now directly owns 137,784 shares in the company, valued at approximately $15,807,958.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Nicola Rossi sold 2,863 shares of Wyndham Worldwide stock in a transaction 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 transaction, the vice president now owns 250 shares in the company, valued at $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 over the last 90 days. Insiders own 2.39% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of WYN. Investec Asset Management LTD acquired a new position in shares of Wyndham Worldwide in the 4th quarter worth $226,144,000. JPMorgan Chase & Co. grew its holdings in shares of Wyndham Worldwide by 52.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,025,053 shares of the company’s stock worth $213,136,000 after acquiring an additional 695,118 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Wyndham Worldwide by 479.7% in the 3rd quarter. Janus Henderson Group PLC now owns 726,274 shares of the company’s stock worth $76,556,000 after acquiring an additional 600,980 shares during the last quarter. Iridian Asset Management LLC CT grew its holdings in shares of Wyndham Worldwide by 9.7% in the 4th quarter. Iridian Asset Management LLC CT now owns 2,400,474 shares of the company’s stock worth $278,143,000 after acquiring an additional 211,886 shares during the last quarter. Finally, Guggenheim Capital LLC grew its holdings in shares of Wyndham Worldwide by 52.0% during the fourth quarter. Guggenheim Capital LLC now owns 542,037 shares of the company’s stock valued at $62,804,000 after buying an additional 185,409 shares in 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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