Wynn Resorts, Limited (NASDAQ:WYNN) has received a consensus rating of “Hold” from the twenty-seven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $132.91.
A number of analysts have commented on the stock. Vetr raised shares of Wynn Resorts, Limited from a “buy” rating to a “strong-buy” rating and set a $146.26 target price for the company in a report on Thursday, July 27th. Stifel Nicolaus reissued a “hold” rating and set a $134.00 price target (up from $128.00) on shares of Wynn Resorts, Limited in a research report on Wednesday, July 26th. UBS AG lowered shares of Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Union Gaming Research restated a “hold” rating on shares of Wynn Resorts, Limited in a research report on Wednesday, July 26th. Finally, Telsey Advisory Group lowered shares of Wynn Resorts, Limited from an “outperform” rating to a “market perform” rating and set a $150.00 price target on the stock. in a research report on Wednesday, July 26th.
In related news, President Matt Maddox sold 44,309 shares of Wynn Resorts, Limited stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $134.35, for a total value of $5,952,914.15. Following the completion of the sale, the president now directly owns 344,895 shares in the company, valued at $46,336,643.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Clark T. Jr. Randt sold 3,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $129.00, for a total value of $387,000.00. Following the sale, the director now owns 7,711 shares in the company, valued at approximately $994,719. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,309 shares of company stock worth $9,693,891. 13.20% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of Wynn Resorts, Limited by 83.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the casino operator’s stock worth $117,000 after buying an additional 462 shares during the period. FNY Partners Fund LP raised its stake in Wynn Resorts, Limited by 5,400.0% in the first quarter. FNY Partners Fund LP now owns 1,100 shares of the casino operator’s stock worth $126,000 after buying an additional 1,080 shares in the last quarter. Reilly Financial Advisors LLC raised its stake in Wynn Resorts, Limited by 1,000.0% in the second quarter. Reilly Financial Advisors LLC now owns 1,100 shares of the casino operator’s stock worth $148,000 after buying an additional 1,000 shares in the last quarter. Mercer Capital Advisers Inc. bought a new stake in Wynn Resorts, Limited during the first quarter worth about $143,000. Finally, Financial Architects Inc raised its stake in Wynn Resorts, Limited by 4.2% in the second quarter. Financial Architects Inc now owns 1,250 shares of the casino operator’s stock worth $168,000 after buying an additional 50 shares in the last quarter. Institutional investors own 75.33% of the company’s stock.
Shares of Wynn Resorts, Limited (WYNN) traded down 0.13% during midday trading on Friday, hitting $125.79. The stock had a trading volume of 598,510 shares. The firm has a 50-day moving average price of $133.80 and a 200-day moving average price of $117.30. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 47.08 and a beta of 1.72. Wynn Resorts, Limited has a 1-year low of $82.51 and a 1-year high of $139.67.
Wynn Resorts, Limited (NASDAQ:WYNN) last posted its quarterly earnings data on Tuesday, July 25th. The casino operator reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a net margin of 5.02% and a return on equity of 205.76%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the company posted $1.07 EPS. Wynn Resorts, Limited’s revenue was up 44.5% on a year-over-year basis. On average, equities analysts anticipate that Wynn Resorts, Limited will post $4.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Stockholders of record on Thursday, August 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, August 8th. Wynn Resorts, Limited’s dividend payout ratio (DPR) is presently 74.91%.
About Wynn Resorts, Limited
Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Company’s segments include Macau Operations and Las Vegas Operations.
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