Travel + Leisure Co. (NYSE:TNL – Get Free Report) insider Geoffrey Richards sold 9,109 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $59.53, for a total transaction of $542,258.77. Following the sale, the insider owned 27,004 shares of the company’s stock, valued at approximately $1,607,548.12. This represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Geoffrey Richards also recently made the following trade(s):
- On Thursday, July 24th, Geoffrey Richards sold 4,703 shares of Travel + Leisure stock. The shares were sold at an average price of $62.50, for a total value of $293,937.50.
Travel + Leisure Price Performance
Shares of Travel + Leisure stock traded down $0.18 during trading on Thursday, reaching $61.69. 1,486,612 shares of the stock traded hands, compared to its average volume of 691,188. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $63.28. The business has a fifty day simple moving average of $51.79 and a two-hundred day simple moving average of $50.32. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 0.56 and a beta of 1.38.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.01). The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a net margin of 10.77% and a negative return on equity of 46.83%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 EPS. On average, research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.
Travel + Leisure Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.56 per share. The ex-dividend date was Friday, June 13th. This represents a $2.24 annualized dividend and a dividend yield of 3.63%. Travel + Leisure’s dividend payout ratio (DPR) is 37.40%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on TNL shares. Mizuho upgraded Travel + Leisure from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $63.00 to $72.00 in a research note on Thursday. The Goldman Sachs Group decreased their price objective on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. JMP Securities boosted their price objective on Travel + Leisure from $60.00 to $70.00 and gave the company a “market outperform” rating in a research note on Thursday. Morgan Stanley decreased their target price on shares of Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Finally, Barclays upped their price target on shares of Travel + Leisure from $39.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Travel + Leisure currently has an average rating of “Moderate Buy” and a consensus price target of $62.27.
Get Our Latest Stock Report on TNL
Institutional Trading of Travel + Leisure
Hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in shares of Travel + Leisure in the 4th quarter worth about $45,804,000. Nuveen LLC purchased a new position in Travel + Leisure in the first quarter worth about $41,114,000. AQR Capital Management LLC increased its stake in Travel + Leisure by 28.3% during the first quarter. AQR Capital Management LLC now owns 1,827,453 shares of the company’s stock worth $83,241,000 after acquiring an additional 403,418 shares during the last quarter. LSV Asset Management increased its stake in Travel + Leisure by 37.7% during the first quarter. LSV Asset Management now owns 956,109 shares of the company’s stock worth $44,258,000 after acquiring an additional 261,528 shares during the last quarter. Finally, Millennium Management LLC raised its position in Travel + Leisure by 129.5% during the first quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock valued at $19,141,000 after purchasing an additional 233,345 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.
Travel + Leisure Company Profile
Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.
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