Wyndham Hotels & Resorts (NYSE:WH) Reaches New 52-Week High – Time to Buy?

Wyndham Hotels & Resorts, Inc. (NYSE:WH) reached a new 52-week high during trading on Wednesday . The company traded as high as $95.20 and last traded at $94.89, with a volume of 146557 shares trading hands. The stock had previously closed at $89.20.

Analysts Set New Price Targets

A number of research analysts recently commented on WH shares. Barclays raised their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Stifel Nicolaus raised their target price on shares of Wyndham Hotels & Resorts from $91.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group began coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They set a “buy” rating and a $96.00 target price for the company. Robert W. Baird raised their target price on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

Wyndham Hotels & Resorts Trading Up 0.9 %

The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 4.19. The company has a market cap of $7.46 billion, a PE ratio of 30.18, a P/E/G ratio of 2.38 and a beta of 1.31. The business’s 50-day simple moving average is $81.73 and its 200-day simple moving average is $76.14.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.01. Wyndham Hotels & Resorts had a net margin of 18.29% and a return on equity of 51.79%. The business had revenue of $396.00 million during the quarter, compared to analyst estimates of $408.32 million. During the same quarter in the previous year, the business earned $1.31 EPS. Wyndham Hotels & Resorts’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.3 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Friday, September 13th. Wyndham Hotels & Resorts’s dividend payout ratio is 48.25%.

Insiders Place Their Bets

In other news, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the transaction, the director now owns 366,371 shares in the company, valued at approximately $33,343,424.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Monica Melancon sold 5,040 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $77.66, for a total transaction of $391,406.40. Following the transaction, the insider now owns 10,606 shares in the company, valued at approximately $823,661.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the transaction, the director now owns 366,371 shares in the company, valued at approximately $33,343,424.71. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,890 shares of company stock valued at $9,273,255 in the last quarter. Insiders own 2.79% of the company’s stock.

Institutional Trading of Wyndham Hotels & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Wyndham Hotels & Resorts by 7.5% in the first quarter. Vanguard Group Inc. now owns 8,311,078 shares of the company’s stock valued at $637,875,000 after acquiring an additional 581,909 shares during the period. Capital Research Global Investors grew its stake in Wyndham Hotels & Resorts by 0.3% during the first quarter. Capital Research Global Investors now owns 7,192,076 shares of the company’s stock worth $551,992,000 after buying an additional 23,549 shares during the last quarter. Boston Partners grew its stake in Wyndham Hotels & Resorts by 15.4% during the first quarter. Boston Partners now owns 3,227,106 shares of the company’s stock worth $247,646,000 after buying an additional 430,053 shares during the last quarter. Burgundy Asset Management Ltd. grew its stake in Wyndham Hotels & Resorts by 70.9% during the second quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company’s stock worth $163,589,000 after buying an additional 916,742 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Wyndham Hotels & Resorts by 40.8% during the third quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company’s stock worth $136,533,000 after buying an additional 506,593 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.