Shares of Wynn Resorts, Limited (NASDAQ:WYNN) have been assigned a consensus rating of “Hold” from the twenty-six ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $134.65.

Several equities analysts have recently issued reports on WYNN shares. Barclays PLC raised Wynn Resorts, Limited from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $87.00 to $144.00 in a research note on Friday, May 12th. Zacks Investment Research lowered Wynn Resorts, Limited from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. Vetr raised Wynn Resorts, Limited from a “hold” rating to a “buy” rating and set a $140.28 price target on the stock in a research note on Thursday, June 29th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Wynn Resorts, Limited in a research note on Wednesday, July 12th. Finally, Telsey Advisory Group lowered 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 note on Wednesday, July 26th.

In related news, EVP Kimmarie Sinatra sold 22,624 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $129.12, for a total transaction of $2,921,210.88. Following the completion of the transaction, the executive vice president now directly owns 221,067 shares in the company, valued at $28,544,171.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Matt Maddox sold 44,309 shares of the 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 transaction, the president now owns 344,895 shares of the company’s stock, valued at $46,336,643.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,083 shares of company stock valued at $9,408,785. 13.20% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. increased its position in Wynn Resorts, Limited by 0.4% in the second quarter. Sunbelt Securities Inc. now owns 2,050 shares of the casino operator’s stock worth $275,000 after buying an additional 8 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Wynn Resorts, Limited by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,932 shares of the casino operator’s stock worth $796,000 after buying an additional 35 shares during the last quarter. Xact Kapitalforvaltning AB increased its position in Wynn Resorts, Limited by 0.6% in the second quarter. Xact Kapitalforvaltning AB now owns 6,367 shares of the casino operator’s stock worth $854,000 after buying an additional 39 shares during the last quarter. Global X Management Co. LLC increased its position in Wynn Resorts, Limited by 2.1% in the second quarter. Global X Management Co. LLC now owns 2,127 shares of the casino operator’s stock worth $285,000 after buying an additional 43 shares during the last quarter. Finally, M&T Bank Corp increased its position in Wynn Resorts, Limited by 1.3% in the first quarter. M&T Bank Corp now owns 3,883 shares of the casino operator’s stock worth $445,000 after buying an additional 48 shares during the last quarter. Institutional investors and hedge funds own 72.83% of the company’s stock.

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Shares of Wynn Resorts, Limited (NASDAQ WYNN) traded up 6.41% during midday trading on Tuesday, reaching $136.39. 5,147,803 shares of the company’s stock traded hands. Wynn Resorts, Limited has a 52-week low of $82.51 and a 52-week high of $139.67. The stock’s 50 day moving average price is $131.65 and its 200 day moving average price is $119.63. The firm has a market capitalization of $13.90 billion, a P/E ratio of 51.04 and a beta of 1.72.

Wynn Resorts, Limited (NASDAQ:WYNN) last issued its quarterly earnings results on Tuesday, July 25th. The casino operator reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.02. Wynn Resorts, Limited had a return on equity of 165.77% and a net margin of 5.02%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The firm’s revenue for the quarter was up 44.5% compared to the same quarter last year. On average, equities research analysts anticipate that Wynn Resorts, Limited will post $4.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 22nd. Investors of record on Thursday, August 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.47%. Wynn Resorts, Limited’s payout ratio is presently 74.91%.

Wynn Resorts, Limited Company Profile

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.

Analyst Recommendations for Wynn Resorts, Limited (NASDAQ:WYNN)

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