Travel + Leisure Co. (NYSE:TNL – Get Free Report) insider Jeffrey Myers sold 23,337 shares of Travel + Leisure stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $60.00, for a total value of $1,400,220.00. Following the transaction, the insider directly owned 142,553 shares of the company’s stock, valued at $8,553,180. The trade was a 14.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Jeffrey Myers also recently made the following trade(s):
- On Thursday, July 24th, Jeffrey Myers sold 110,885 shares of Travel + Leisure stock. The shares were sold at an average price of $62.33, for a total transaction of $6,911,462.05.
- On Thursday, July 10th, Jeffrey Myers sold 13,922 shares of Travel + Leisure stock. The stock was sold at an average price of $58.00, for a total transaction of $807,476.00.
- On Tuesday, July 8th, Jeffrey Myers sold 6,863 shares of Travel + Leisure stock. The stock was sold at an average price of $57.00, for a total transaction of $391,191.00.
Travel + Leisure Trading Down 0.3%
Shares of NYSE:TNL traded down $0.18 on Thursday, reaching $61.69. 1,486,612 shares of the company traded hands, compared to its average volume of 691,188. The stock has a market capitalization of $4.10 billion, a P/E ratio of 10.30, a price-to-earnings-growth ratio of 0.56 and a beta of 1.38. The business’s 50-day simple moving average is $51.79 and its 200 day simple moving average is $50.32. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $63.28.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). Travel + Leisure had a net margin of 10.77% and a negative return on equity of 46.83%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted $1.52 EPS. The company’s revenue was up 3.4% on a year-over-year basis. Sell-side analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.
Travel + Leisure Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Friday, June 13th. Travel + Leisure’s dividend payout ratio (DPR) is presently 37.40%.
Institutional Investors Weigh In On Travel + Leisure
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Travel + Leisure during the 4th quarter valued at $45,804,000. Nuveen LLC bought a new stake in Travel + Leisure during the 1st quarter valued at $41,114,000. AQR Capital Management LLC raised its holdings in Travel + Leisure by 28.3% during the 1st quarter. AQR Capital Management LLC now owns 1,827,453 shares of the company’s stock valued at $83,241,000 after buying an additional 403,418 shares during the last quarter. LSV Asset Management raised its holdings in Travel + Leisure by 37.7% during the 1st quarter. LSV Asset Management now owns 956,109 shares of the company’s stock valued at $44,258,000 after buying an additional 261,528 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Travel + Leisure by 129.5% during the 1st quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock valued at $19,141,000 after buying an additional 233,345 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. JMP Securities upped their target price on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a “market outperform” rating in a report on Thursday. Barclays upped their target price on shares of Travel + Leisure from $39.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday. The Goldman Sachs Group decreased their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Morgan Stanley decreased their price target on shares of Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Finally, Mizuho raised shares of Travel + Leisure from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $63.00 to $72.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.27.
About Travel + Leisure
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.
Further Reading
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