Wall Street analysts predict that Wyndham Destinations, Inc. (NYSE:WYND) will post $630.02 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Wyndham Destinations’ earnings, with estimates ranging from $592.00 million to $685.09 million. Wyndham Destinations posted sales of $981.00 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 35.8%. The business is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, February 24th.
On average, analysts expect that Wyndham Destinations will report full-year sales of $2.14 billion for the current year, with estimates ranging from $2.11 billion to $2.20 billion. For the next fiscal year, analysts expect that the business will report sales of $3.01 billion, with estimates ranging from $2.65 billion to $3.23 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Wyndham Destinations.
WYND has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their target price on Wyndham Destinations from $41.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, January 6th. They noted that the move was a valuation call. JPMorgan Chase & Co. upped their target price on Wyndham Destinations from $49.00 to $54.00 and gave the company an “overweight” rating in a report on Tuesday, January 12th. Finally, Zacks Investment Research lowered Wyndham Destinations from a “hold” rating to a “sell” rating in a report on Tuesday, December 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $44.26.
In related news, Director Stephen P. Holmes sold 25,000 shares of the stock in a transaction on Tuesday, December 1st. The stock was sold at an average price of $43.33, for a total transaction of $1,083,250.00. Following the sale, the director now owns 619,301 shares of the company’s stock, valued at $26,834,312.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.64% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WYND. CI Investments Inc. purchased a new position in Wyndham Destinations during the third quarter worth about $34,000. Royal London Asset Management Ltd. purchased a new position in Wyndham Destinations during the fourth quarter worth about $35,000. TD Ameritrade Investment Management LLC purchased a new position in Wyndham Destinations during the fourth quarter worth about $41,000. Captrust Financial Advisors lifted its position in Wyndham Destinations by 78.8% during the fourth quarter. Captrust Financial Advisors now owns 1,214 shares of the company’s stock worth $54,000 after buying an additional 535 shares during the period. Finally, Valeo Financial Advisors LLC raised its holdings in shares of Wyndham Destinations by 3,667.5% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,507 shares of the company’s stock worth $68,000 after purchasing an additional 1,467 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.
Wyndham Destinations Company Profile
Wyndham Destinations, Inc provides hospitality services and products in the United States and internationally. The company operates in two segments, Vacation Ownership and Vacation Exchange. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.
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