Zacks Investment Research reaffirmed their hold rating on shares of Wyndham Destinations (NYSE:WYND) in a report issued on Sunday, Zacks.com reports. They currently have 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 analysts have also recently issued reports on WYND. 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. JPMorgan Chase & Co. boosted their target price on Wyndham Destinations from $45.00 to $47.00 and gave the stock a neutral rating in a report on Friday, September 6th. Nomura upped their price target on Wyndham Destinations from $55.00 to $62.00 and gave the company a buy rating in a research report on Wednesday, July 31st. Finally, SunTrust Banks set a $75.00 price target on Wyndham Destinations and gave the company a buy rating in a report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Wyndham Destinations has an average rating of Buy and a consensus price target of $57.07.
Wyndham Destinations (NYSE:WYND) last announced its earnings results on Tuesday, July 30th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.09. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Wyndham Destinations had a net margin of 11.67% and a negative return on equity of 90.37%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 EPS. As a group, equities research analysts predict that Wyndham Destinations will post 5.52 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.80 dividend on an annualized basis and a yield of 3.68%. Wyndham Destinations’s dividend payout ratio is currently 38.38%.
In other news, insider Kimberly Marshall sold 5,300 shares of the company’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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael Dean Brown acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $40.16 per share, for a total transaction of $200,800.00. The disclosure for this purchase can be found here. Corporate insiders own 1.59% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Hancock Whitney Corp acquired a new position in Wyndham Destinations during the second quarter worth $725,000. Atria Investments LLC acquired a new position in Wyndham Destinations during the 2nd quarter worth about $253,000. Treasurer of the State of North Carolina lifted its stake in Wyndham Destinations by 19.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 45,472 shares of the company’s stock worth $1,996,000 after acquiring an additional 7,380 shares in the last quarter. BlackRock Inc. acquired a new position in Wyndham Destinations during the 2nd quarter worth about $406,681,000. Finally, Barings LLC purchased a new position in Wyndham Destinations during the 2nd quarter valued at about $233,000. 88.72% of the stock is owned by hedge funds and other institutional investors.
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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