Wyndham Worldwide (WYN) Upgraded to Market Perform by Wolfe Research

Wolfe Research upgraded shares of Wyndham Worldwide (NYSE:WYN) from an underperform rating to a market perform rating in a research report released on Thursday morning.

Separately, Zacks Investment Research upgraded Wyndham Worldwide from a sell rating to a hold rating and set a $124.00 target price on the stock in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Wyndham Worldwide has an average rating of Hold and a consensus price target of $108.29.

Shares of Wyndham Worldwide (WYN) traded up $0.54 during trading hours on Thursday, hitting $113.37. The stock had a trading volume of 1,246,100 shares, compared to its average volume of 1,102,234. The company has a debt-to-equity ratio of 9.00, a current ratio of 0.96 and a quick ratio of 0.81. Wyndham Worldwide has a twelve month low of $75.36 and a twelve month high of $115.22. The stock has a market capitalization of $11,432.64, a P/E ratio of 18.65 and a beta of 1.35.

Wyndham Worldwide (NYSE:WYN) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.01. Wyndham Worldwide had a return on equity of 97.31% and a net margin of 10.20%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the business earned $1.89 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. sell-side analysts forecast that Wyndham Worldwide will post 6.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 27th were issued a $0.58 dividend. The ex-dividend date was Friday, November 24th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.05%. Wyndham Worldwide’s dividend payout ratio (DPR) is 41.58%.

Wyndham Worldwide declared that its board has approved a share repurchase program on Wednesday, October 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

In other news, Director George Herrera sold 311 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $105.82, for a total value of $32,910.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Scott G. Mclester sold 15,381 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $115.00, for a total value of $1,768,815.00. Following the completion of the sale, the vice president now owns 8,917 shares of the company’s stock, valued at approximately $1,025,455. The disclosure for this sale can be found here. Company insiders own 2.39% of the company’s stock.

Several hedge funds have recently bought and sold shares of WYN. Advisors Asset Management Inc. lifted its holdings in Wyndham Worldwide by 17.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 11,259 shares of the company’s stock worth $1,131,000 after buying an additional 1,678 shares during the last quarter. Legal & General Group Plc lifted its holdings in Wyndham Worldwide by 12.0% during the 2nd quarter. Legal & General Group Plc now owns 583,725 shares of the company’s stock worth $58,614,000 after buying an additional 62,681 shares during the last quarter. BB&T Securities LLC lifted its holdings in Wyndham Worldwide by 2.3% during the 2nd quarter. BB&T Securities LLC now owns 2,499 shares of the company’s stock worth $250,000 after buying an additional 56 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Wyndham Worldwide by 0.6% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 183,617 shares of the company’s stock worth $18,437,000 after buying an additional 1,179 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Wyndham Worldwide by 1.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 317,477 shares of the company’s stock worth $31,878,000 after buying an additional 5,013 shares during the last quarter. Institutional investors and hedge funds own 93.92% 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.

Analyst Recommendations for Wyndham Worldwide (NYSE:WYN)

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