Shares of Wyndham Destinations (NASDAQ:WYND) have been given an average rating of “Buy” by the thirteen ratings firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $56.96.
Several research firms recently issued reports on WYND. Oppenheimer set a $66.00 price objective on Wyndham Destinations and gave the stock a “buy” rating in a report on Tuesday, February 26th. Goldman Sachs Group cut Wyndham Destinations from a “buy” rating to a “neutral” rating and set a $42.65 price objective on the stock. in a report on Sunday, December 2nd. Deutsche Bank lifted their price objective on Wyndham Destinations from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. SunTrust Banks lifted their price objective on Wyndham Destinations to $72.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Finally, Nomura lifted their price objective on Wyndham Destinations from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, February 13th.
Shares of NASDAQ:WYND traded up $0.09 during trading on Friday, reaching $41.44. 3,185,263 shares of the company’s stock traded hands, compared to its average volume of 957,123. Wyndham Destinations has a fifty-two week low of $33.55 and a fifty-two week high of $53.63.
Wyndham Destinations (NASDAQ:WYND) last posted its quarterly earnings data on Tuesday, February 26th. The company reported $1.27 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.27. The firm had revenue of $956.00 million during the quarter, compared to analyst estimates of $975.98 million. The company’s revenue for the quarter was up 2.7% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 18th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.34%. This is a boost from Wyndham Destinations’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, March 15th.
In related news, insider Michael Dean Brown bought 5,000 shares of the stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $44.64 per share, for a total transaction of $223,200.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen P. Holmes sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $43.54, for a total value of $2,177,000.00. The disclosure for this sale can be found here.
Institutional investors have recently modified their holdings of the company. Amica Retiree Medical Trust boosted its holdings in shares of Wyndham Destinations by 176.3% during the 3rd quarter. Amica Retiree Medical Trust now owns 2,409 shares of the company’s stock worth $104,000 after purchasing an additional 1,537 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Wyndham Destinations by 82.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,999 shares of the company’s stock worth $260,000 after purchasing an additional 2,711 shares during the last quarter. Hourglass Capital LLC acquired a new position in shares of Wyndham Destinations during the 3rd quarter worth approximately $264,000. Piedmont Investment Advisors Inc. acquired a new position in shares of Wyndham Destinations during the 3rd quarter worth approximately $307,000. Finally, Raymond James Trust N.A. boosted its holdings in shares of Wyndham Destinations by 21.7% during the 3rd quarter. Raymond James Trust N.A. now owns 7,477 shares of the company’s stock worth $324,000 after purchasing an additional 1,335 shares during the last quarter.
Wyndham Destinations Company Profile
Wyndham Destinations, Inc engages in the provision of hospitality services and products. It operates through three business segments: Hotel Group, Destination Network, Vacation Ownership, and Corporate and Other. The Hotel Group segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments; and provides hotel management services for full-service and select limited-service hotels.
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