Wyndham Destinations (NYSE:WYND) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Wyndham Destinations (NYSE:WYND) from a buy rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

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. “

WYND has been the subject of several other reports. Jefferies Financial Group set a $62.00 price objective on shares of Wyndham Destinations and gave the company a buy rating in a report on Friday, August 30th. JPMorgan Chase & Co. increased their price objective on shares of Wyndham Destinations from $45.00 to $47.00 and gave the company a neutral rating in a report on Friday, September 6th. SunTrust Banks set a $75.00 price objective on shares of Wyndham Destinations and gave the company a buy rating in a report on Wednesday, July 31st. Finally, Nomura increased their price objective on shares of Wyndham Destinations from $55.00 to $62.00 and gave the company a buy rating in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $57.63.

NYSE WYND opened at $46.52 on Wednesday. Wyndham Destinations has a 52 week low of $33.55 and a 52 week high of $49.75. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 2.12 and a beta of 1.53. The company has a 50-day moving average price of $43.32 and a two-hundred day moving average price of $43.28.

Wyndham Destinations (NYSE:WYND) last posted its earnings results on Tuesday, July 30th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.36 by $0.09. Wyndham Destinations had a net margin of 11.67% and a negative return on equity of 90.37%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. Wyndham Destinations’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, equities research analysts anticipate that Wyndham Destinations will post 5.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, September 12th. Wyndham Destinations’s dividend payout ratio (DPR) is presently 38.38%.

In related news, insider Kimberly Marshall sold 5,300 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $42.98, for a total transaction of $227,794.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Herrera sold 1,904 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $48.70, for a total transaction of $92,724.80. Insiders sold 15,007 shares of company stock valued at $667,440 over the last quarter. Insiders own 1.59% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in WYND. NuWave Investment Management LLC acquired a new stake in Wyndham Destinations during the second quarter valued at approximately $25,000. Huntington National Bank purchased a new stake in shares of Wyndham Destinations in the 2nd quarter valued at approximately $25,000. First Financial Corp IN purchased a new stake in shares of Wyndham Destinations in the 2nd quarter valued at approximately $26,000. Manchester Capital Management LLC purchased a new stake in shares of Wyndham Destinations in the 2nd quarter valued at approximately $27,000. Finally, Trustcore Financial Services LLC purchased a new stake in shares of Wyndham Destinations in the 2nd quarter valued at approximately $28,000. 88.35% of the stock is owned by institutional investors and hedge funds.

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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