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

Wyndham Hotels & Resorts, Inc. (NYSE:WH) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $99.12 and last traded at $98.95, with a volume of 84885 shares. The stock had previously closed at $97.80.

Analyst Upgrades and Downgrades

WH has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Wyndham Hotels & Resorts in a report on Wednesday, September 18th. They issued a “buy” rating and a $96.00 price target for the company. Truist Financial raised their price target on shares of Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, October 25th. StockNews.com upgraded shares of Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Stifel Nicolaus raised their price target on shares of Wyndham Hotels & Resorts from $92.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Barclays raised their price target on shares of Wyndham Hotels & Resorts from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.00.

Wyndham Hotels & Resorts Price Performance

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 4.19. The business’s 50-day moving average is $88.47 and its two-hundred day moving average is $79.29. The company has a market capitalization of $7.86 billion, a P/E ratio of 32.03, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32.

Wyndham Hotels & Resorts (NYSE:WH) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $396.00 million for the quarter, compared to analyst estimates of $408.32 million. During the same period last year, the firm earned $1.31 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. As a group, analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.3 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.50%. The ex-dividend date is Friday, December 13th. Wyndham Hotels & Resorts’s dividend payout ratio is 48.25%.

Insiders Place Their Bets

In other news, insider Monica Melancon sold 5,040 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $77.66, for a total value of $391,406.40. Following the sale, the insider now owns 10,606 shares of the company’s stock, valued at $823,661.96. The trade was a 32.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Scott R. Strickland sold 2,850 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total transaction of $251,199.00. Following the completion of the sale, the insider now directly owns 26,062 shares in the company, valued at approximately $2,297,104.68. This trade represents a 9.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,890 shares of company stock valued at $9,273,255. Company insiders own 2.79% of the company’s stock.

Institutional Trading of Wyndham Hotels & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its stake in Wyndham Hotels & Resorts by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 48,920 shares of the company’s stock worth $3,755,000 after buying an additional 2,483 shares in the last quarter. Tidal Investments LLC bought a new position in Wyndham Hotels & Resorts in the 1st quarter worth $395,000. GAMMA Investing LLC grew its position in shares of Wyndham Hotels & Resorts by 80.9% in the 2nd quarter. GAMMA Investing LLC now owns 463 shares of the company’s stock worth $34,000 after buying an additional 207 shares during the period. CWM LLC grew its position in shares of Wyndham Hotels & Resorts by 69.2% in the 2nd quarter. CWM LLC now owns 3,090 shares of the company’s stock worth $229,000 after buying an additional 1,264 shares during the period. Finally, CX Institutional grew its position in shares of Wyndham Hotels & Resorts by 13.6% in the 2nd quarter. CX Institutional now owns 10,944 shares of the company’s stock worth $810,000 after buying an additional 1,312 shares during the period. Institutional investors own 93.46% of the company’s stock.

About Wyndham Hotels & Resorts

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.