Wyndham Worldwide (NYSE:WYN) was the recipient of unusually large options trading on Wednesday. Stock investors bought 3,448 put options on the stock. This represents an increase of 5,552% compared to the typical volume of 61 put options.
Several analysts have issued reports on WYN shares. Zacks Investment Research upgraded Wyndham Worldwide from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a report on Tuesday, March 20th. Goldman Sachs upgraded Wyndham Worldwide from a “neutral” rating to a “buy” rating in a report on Friday, January 19th. Stifel Nicolaus upped their target price on Wyndham Worldwide from $113.00 to $123.00 in a report on Friday, January 5th. They noted that the move was a valuation call. ValuEngine upgraded Wyndham Worldwide from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Jefferies Group started coverage on Wyndham Worldwide in a report on Friday, January 19th. They issued a “buy” rating and a $202.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $133.25.
In related news, CEO Geoffrey A. Ballotti sold 8,968 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $114.73, for a total transaction of $1,028,898.64. Following the completion of the sale, the chief executive officer now directly owns 137,784 shares in the company, valued at $15,807,958.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Herrera sold 270 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $121.76, for a total value of $32,875.20. The disclosure for this sale can be found here. Insiders have sold 19,510 shares of company stock valued at $2,273,541 over the last quarter. 2.18% of the stock is owned by company insiders.
Shares of Wyndham Worldwide stock opened at $117.75 on Thursday. Wyndham Worldwide has a 52 week low of $91.75 and a 52 week high of $127.96. The firm has a market capitalization of $11,539.00, a PE ratio of 21.41 and a beta of 1.35. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 6.44.
Wyndham Worldwide (NYSE:WYN) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.14. Wyndham Worldwide had a return on equity of 92.39% and a net margin of 15.35%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the company posted $1.35 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. equities analysts forecast that Wyndham Worldwide will post 7.17 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Wednesday, March 14th. This is a positive change from Wyndham Worldwide’s previous quarterly dividend of $0.58. Wyndham Worldwide’s dividend payout ratio is 48.00%.
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About Wyndham Worldwide
Wyndham Worldwide Corporation provides hospitality services and products to individual and business customers worldwide. It operates through three segments: Hotel Group, Destination Network, and Vacation Ownership. The Hotel Group segment primarily franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments, as well as provides property management services for full-service and select limited-service hotels.
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