Short Interest in Wyndham Destinations (NYSE:WYND) Drops By 8.6%

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Wyndham Destinations (NYSE:WYND) was the target of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 2,230,000 shares, a decline of 8.6% from the September 30th total of 2,440,000 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average daily volume of 720,300 shares, the days-to-cover ratio is presently 3.1 days.

Wyndham Destinations stock traded up $0.30 during midday trading on Tuesday, reaching $48.40. 1,426 shares of the stock were exchanged, compared to its average volume of 569,350. The company’s fifty day moving average is $46.47 and its 200-day moving average is $44.48. The firm has a market cap of $4.38 billion, a PE ratio of 10.32, a PEG ratio of 2.15 and a beta of 1.55. Wyndham Destinations has a 52 week low of $33.55 and a 52 week high of $50.08.

Wyndham Destinations (NYSE:WYND) last posted its earnings results on Wednesday, October 30th. The company reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.10. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Wyndham Destinations had a net margin of 11.22% and a negative return on equity of 87.60%. Wyndham Destinations’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 EPS. As a group, analysts forecast that Wyndham Destinations will post 5.6 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Thursday, December 12th. Wyndham Destinations’s payout ratio is 38.38%.

In other Wyndham Destinations news, Director George Herrera sold 1,904 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $48.70, for a total value of $92,724.80. Also, Director Stephen P. Holmes sold 25,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $48.64, for a total transaction of $1,216,000.00. Following the completion of the transaction, the director now owns 842,818 shares in the company, valued at $40,994,667.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,007 shares of company stock worth $1,883,440. 1.59% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of WYND. Holocene Advisors LP lifted its position in shares of Wyndham Destinations by 29.2% in the 2nd quarter. Holocene Advisors LP now owns 32,224 shares of the company’s stock worth $1,415,000 after purchasing an additional 7,286 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Wyndham Destinations by 2.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 872,097 shares of the company’s stock worth $38,286,000 after purchasing an additional 21,550 shares during the period. Diligent Investors LLC purchased a new stake in shares of Wyndham Destinations in the 2nd quarter worth about $333,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Wyndham Destinations in the 2nd quarter worth about $152,000. Finally, Affinity Investment Advisors LLC bought a new position in shares of Wyndham Destinations in the 2nd quarter worth about $1,535,000. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. SunTrust Banks set a $75.00 target price on shares of Wyndham Destinations and gave the company a “buy” rating in a research note on Wednesday, July 31st. Jefferies Financial Group set a $62.00 target price on shares of Wyndham Destinations and gave the company a “buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. upped their price target on shares of Wyndham Destinations from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Nomura upped their price target on shares of Wyndham Destinations from $55.00 to $62.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Zacks Investment Research cut shares of Wyndham Destinations from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $57.63.

About Wyndham Destinations

Wyndham Destinations, Inc operates as a vacation ownership and exchange company in the United States and internationally. The company operates in two segments, Vacation Ownership and Exchange & Rentals. 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.

Further Reading: Investing in Growth Stocks

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