Travel + Leisure Co. (NYSE:TNL – Get Free Report) insider Kimberly Marshall sold 16,500 shares of Travel + Leisure stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $60.00, for a total transaction of $990,000.00. Following the completion of the transaction, the insider directly owned 56,736 shares of the company’s stock, valued at approximately $3,404,160. This represents a 22.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Travel + Leisure Trading Down 0.3%
TNL traded down $0.18 during trading hours on Thursday, hitting $61.69. The company’s stock had a trading volume of 1,486,612 shares, compared to its average volume of 691,188. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $63.28. The firm has a market capitalization of $4.10 billion, a PE ratio of 10.30, a PEG ratio of 0.56 and a beta of 1.38. The company has a 50-day simple moving average of $51.79 and a 200 day simple moving average of $50.32.
Travel + Leisure (NYSE:TNL – Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.01). The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 10.77% and a negative return on equity of 46.83%. The firm’s 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 earnings per share. Research analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.
Travel + Leisure Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Friday, June 13th. Travel + Leisure’s payout ratio is currently 37.40%.
Analyst Ratings Changes
TNL has been the topic of a number of recent research reports. Morgan Stanley reduced their price target on shares of Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Barclays lifted their target price on Travel + Leisure from $39.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday. JMP Securities increased their price target on Travel + Leisure from $60.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Thursday. The Goldman Sachs Group reduced their price objective on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Finally, Mizuho raised Travel + Leisure from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $63.00 to $72.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.27.
Read Our Latest Analysis on Travel + Leisure
Institutional Trading of Travel + Leisure
Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Travel + Leisure in the fourth quarter worth about $3,850,000. HighTower Advisors LLC grew its stake in shares of Travel + Leisure by 3.2% in the 4th quarter. HighTower Advisors LLC now owns 9,982 shares of the company’s stock worth $504,000 after purchasing an additional 314 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Travel + Leisure by 31.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,906 shares of the company’s stock worth $298,000 after purchasing an additional 1,397 shares in the last quarter. Xponance Inc. raised its holdings in shares of Travel + Leisure by 4.0% in the 4th quarter. Xponance Inc. now owns 7,720 shares of the company’s stock worth $389,000 after purchasing an additional 294 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Travel + Leisure by 25.2% during the fourth quarter. Teacher Retirement System of Texas now owns 33,102 shares of the company’s stock valued at $1,670,000 after purchasing an additional 6,663 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.
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.
Further Reading
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