Wyndham Destinations (NYSE:WYND) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 2,230,000 shares, a decline of 8.6% from the September 30th total of 2,440,000 shares. Based on an average daily trading volume, of 720,300 shares, the days-to-cover ratio is presently 3.1 days. Approximately 2.5% of the company’s shares are short sold.
In other Wyndham Destinations news, insider Noah Brodsky sold 7,803 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $44.46, for a total value of $346,921.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kimberly Marshall sold 5,300 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $42.98, for a total value of $227,794.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,007 shares of company stock worth $1,883,440. Insiders own 1.59% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. NuWave Investment Management LLC bought a new stake in Wyndham Destinations during the second quarter worth $25,000. Huntington National Bank bought a new position in Wyndham Destinations in the 2nd quarter valued at $25,000. First Financial Corp IN bought a new position in Wyndham Destinations in the 2nd quarter valued at $26,000. Manchester Capital Management LLC bought a new position in Wyndham Destinations in the 2nd quarter valued at $27,000. Finally, Trustcore Financial Services LLC bought a new position in Wyndham Destinations in the 2nd quarter valued at $28,000. Institutional investors and hedge funds own 88.08% of the company’s stock.
Wyndham Destinations stock traded down $0.27 during trading on Monday, hitting $48.01. 7,045 shares of the company were exchanged, compared to its average volume of 568,625. The business’s 50 day moving average is $46.30 and its 200 day moving average is $44.41. Wyndham Destinations has a 52 week low of $33.55 and a 52 week high of $50.08. The company has a market capitalization of $4.34 billion, a P/E ratio of 10.27, a PEG ratio of 2.13 and a beta of 1.55.
Wyndham Destinations (NYSE:WYND) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.10. Wyndham Destinations had a negative return on equity of 87.60% and a net margin of 11.22%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $1.47 earnings per share. Wyndham Destinations’s revenue was up 4.0% compared to the same quarter last year. Equities analysts expect that Wyndham Destinations will post 5.6 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.80 annualized dividend and a yield of 3.75%. Wyndham Destinations’s dividend payout ratio (DPR) is currently 38.38%.
Several equities research analysts have recently commented on WYND shares. Jefferies Financial Group set a $62.00 price objective on Wyndham Destinations and gave the company a “buy” rating in a report on Friday, August 30th. Zacks Investment Research downgraded Wyndham Destinations from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Nomura boosted their price objective on Wyndham Destinations from $55.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on Wyndham Destinations from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Finally, SunTrust Banks set a $75.00 price objective on Wyndham Destinations and gave the company a “buy” rating in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $57.63.
Wyndham Destinations Company Profile
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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