Wyndham Worldwide Co. (NYSE:WYN) Director Myra J. Biblowit sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $121.00, for a total transaction of $302,500.00. Following the sale, the director now owns 7,924 shares of the company’s stock, valued at approximately $958,804. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Wyndham Worldwide Co. (WYN) traded down $2.18 during mid-day trading on Monday, reaching $118.91. 543,499 shares of the company traded hands, compared to its average volume of 1,055,333. Wyndham Worldwide Co. has a 1 year low of $81.16 and a 1 year high of $127.96. The stock has a market cap of $12,075.51, a P/E ratio of 14.06 and a beta of 1.38. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.03 and a current ratio of 1.17.
Wyndham Worldwide (NYSE:WYN) last released its quarterly earnings results on Wednesday, February 14th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.35 by $0.14. Wyndham Worldwide had a net margin of 15.35% and a return on equity of 92.39%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. Wyndham Worldwide’s revenue for the quarter was up 5.6% on a year-over-year basis. research analysts anticipate that Wyndham Worldwide Co. will post 7.03 EPS for the current year.
WYN has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Wyndham Worldwide from $113.00 to $123.00 in a research report on Friday, January 5th. They noted that the move was a valuation call. SunTrust Banks boosted their price objective on shares of Wyndham Worldwide to $131.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. ValuEngine upgraded shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Jefferies Group initiated coverage on shares of Wyndham Worldwide in a research report on Friday, January 19th. They set a “buy” rating and a $202.00 price objective for the company. Finally, Goldman Sachs Group upgraded shares of Wyndham Worldwide from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Wyndham Worldwide currently has a consensus rating of “Buy” and a consensus target price of $123.44.
Hedge funds have recently added to or reduced their stakes in the stock. Lourd Capital LLC purchased a new stake in Wyndham Worldwide in the 4th quarter valued at $231,000. Legal & General Group Plc increased its stake in Wyndham Worldwide by 1.7% in the 3rd quarter. Legal & General Group Plc now owns 593,617 shares of the company’s stock valued at $62,573,000 after buying an additional 9,892 shares during the period. Palo Capital Inc. increased its stake in Wyndham Worldwide by 10.3% in the 4th quarter. Palo Capital Inc. now owns 23,705 shares of the company’s stock valued at $2,747,000 after buying an additional 2,222 shares during the period. Stifel Financial Corp increased its stake in Wyndham Worldwide by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 285,656 shares of the company’s stock valued at $30,115,000 after buying an additional 1,007 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in Wyndham Worldwide by 1.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 167,558 shares of the company’s stock valued at $17,661,000 after buying an additional 1,866 shares during the period. Hedge funds and other institutional investors own 92.98% 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.
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