Wyndham Hotels & Resorts (NYSE:WH) Reaches New 52-Week High - Still a Buy?

Wyndham Hotels & Resorts, Inc. (NYSE:WH - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $81.81 and last traded at $81.75, with a volume of 214477 shares changing hands. The stock had previously closed at $79.57.

Analysts Set New Price Targets

A number of research analysts have weighed in on WH shares. The Goldman Sachs Group started coverage on shares of Wyndham Hotels & Resorts in a research note on Wednesday, September 18th. They issued a "buy" rating and a $96.00 price target on the stock. StockNews.com raised shares of Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Thursday, September 19th. Barclays lifted their price target on shares of Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an "overweight" rating in a research note on Friday, July 26th. Susquehanna started coverage on shares of Wyndham Hotels & Resorts in a research note on Friday, June 21st. They issued a "neutral" rating and a $80.00 price target on the stock. Finally, Stifel Nicolaus cut their price target on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a "buy" rating on the stock in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.25.

Wyndham Hotels & Resorts Stock Performance

The stock's 50-day moving average price is $77.29 and its 200 day moving average price is $74.36. The company has a debt-to-equity ratio of 3.83, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $6.46 billion, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 2.75 and a beta of 1.33.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.10. The business had revenue of $367.00 million for the quarter, compared to analyst estimates of $370.58 million. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. As a group, equities analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.27 EPS for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 1.86%. The ex-dividend date was Friday, September 13th. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is currently 49.51%.

Insiders Place Their Bets

In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of the company's stock in a transaction on Friday, July 26th. The shares were sold at an average price of $76.70, for a total transaction of $559,679.90. Following the sale, the chief accounting officer now directly owns 4,107 shares of the company's stock, valued at approximately $315,006.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Wyndham Hotels & Resorts news, CAO Nicola Rossi sold 7,297 shares of the company's stock in a transaction on Friday, July 26th. The shares were sold at an average price of $76.70, for a total transaction of $559,679.90. Following the sale, the chief accounting officer now directly owns 4,107 shares of the company's stock, valued at approximately $315,006.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Monica Melancon sold 5,040 shares of the company's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $77.66, for a total transaction of $391,406.40. Following the sale, the insider now directly owns 10,606 shares in the company, valued at $823,661.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,640 shares of company stock valued at $974,351. 2.79% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Wyndham Hotels & Resorts

Several institutional investors and hedge funds have recently modified their holdings of WH. Thrivent Financial for Lutherans increased its holdings in shares of Wyndham Hotels & Resorts by 377.5% in the second quarter. Thrivent Financial for Lutherans now owns 1,240,702 shares of the company's stock valued at $91,812,000 after purchasing an additional 980,848 shares during the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of Wyndham Hotels & Resorts by 70.9% in the second quarter. Burgundy Asset Management Ltd. now owns 2,210,658 shares of the company's stock valued at $163,589,000 after acquiring an additional 916,742 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of 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 in the last quarter. Wellington Management Group LLP grew its stake in shares of Wyndham Hotels & Resorts by 10.9% in the fourth quarter. Wellington Management Group LLP now owns 5,545,099 shares of the company's stock valued at $445,881,000 after acquiring an additional 543,488 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Wyndham Hotels & Resorts by 1,186.0% in the first quarter. Janus Henderson Group PLC now owns 509,441 shares of the company's stock valued at $39,092,000 after acquiring an additional 469,827 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

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.