Key Points
- Insider Scott Strickland sold 12,000 Wyndham shares at an average price of $79.77, totaling $957,240. He retained 29,490 shares after reducing his position by 28.92%.
- Wyndham’s latest quarterly results topped estimates: EPS was $1.43 versus $1.32 expected, while revenue reached $410 million and rose 7.3% year over year.
- The company authorized a $400 million share buyback and announced a quarterly dividend of $0.43 per share. Analysts’ consensus rating is “Moderate Buy,” with a $94.67 average price target.
Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) insider Scott Strickland sold 12,000 shares of the business's stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $79.77, for a total transaction of $957,240.00. Following the transaction, the insider directly owned 29,490 shares of the company's stock, valued at approximately $2,352,417.30. This represents a 28.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Wyndham Hotels & Resorts Stock Performance
Wyndham Hotels & Resorts stock opened at $78.99 on Friday. Wyndham Hotels & Resorts has a 1-year low of $66.87 and a 1-year high of $90.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 5.69. The firm has a market capitalization of $5.76 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.97 and a beta of 0.64. The firm's 50 day simple moving average is $73.26 and its 200 day simple moving average is $77.88.
Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.32 by $0.11. The firm had revenue of $410.00 million during the quarter, compared to the consensus estimate of $408.99 million. Wyndham Hotels & Resorts had a net margin of 13.97% and a return on equity of 77.43%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $1.46 EPS. As a group, analysts expect that Wyndham Hotels & Resorts will post 4.88 earnings per share for the current fiscal year.
Wyndham Hotels & Resorts announced that its board has initiated a stock buyback plan on Tuesday, September 29th that allows the company to repurchase $400 million in outstanding shares. This buyback authorization allows the company to purchase up to 7.6% of its shares through open market purchases. Share buyback plans are generally a sign that the company's leadership believes its stock is undervalued.
Wyndham Hotels & Resorts Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, December 15th. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is 63.94%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WH. BlackRock Inc. purchased a new position in Wyndham Hotels & Resorts in the second quarter worth $623,573,000. Dimensional Fund Advisors LP raised its position in Wyndham Hotels & Resorts by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,371,183 shares of the company's stock valued at $111,379,000 after purchasing an additional 29,422 shares in the last quarter. Findlay Park Partners LLP purchased a new stake in Wyndham Hotels & Resorts during the second quarter valued at about $100,648,000. Bank of New York Mellon Corp bought a new stake in Wyndham Hotels & Resorts during the second quarter worth about $56,860,000. Finally, Bank of America Corp DE bought a new stake in Wyndham Hotels & Resorts during the second quarter worth about $47,811,000. 93.46% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on WH shares. JPMorgan Chase & Co. decreased their target price on Wyndham Hotels & Resorts from $100.00 to $97.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 21st. Truist Financial dropped their price target on Wyndham Hotels & Resorts from $107.00 to $104.00 and set a "buy" rating for the company in a research report on Thursday, September 10th. Weiss Ratings raised Wyndham Hotels & Resorts from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, November 4th. Wells Fargo & Company upped their price objective on shares of Wyndham Hotels & Resorts from $96.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 16th. Finally, Barclays lowered their target price on shares of Wyndham Hotels & Resorts from $102.00 to $101.00 and set an "overweight" rating on the stock in a research note on Friday, October 23rd. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Wyndham Hotels & Resorts has a consensus rating of "Moderate Buy" and a consensus price target of $94.67.
Read Our Latest Stock Analysis on WH
About Wyndham Hotels & Resorts
(
Get Free Report)
Wyndham Hotels & Resorts is a hospitality company focused primarily on franchising hotels. It provides franchisees with access to hotel brands, reservation and loyalty platforms, and operational support, while serving travelers through properties across a range of price points and lodging styles. Its portfolio includes brands such as Wyndham, Ramada, Days Inn, Super 8, La Quinta, Microtel, Wingate, Trademark Collection and Registry Collection. The company's hotels serve guests in markets around the world, including North America, Europe, Asia-Pacific, Latin America and the Middle East.
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