Travel + Leisure Co. (NYSE:TNL – Get Free Report) insider Michael Dean Brown purchased 1,500 shares of Travel + Leisure stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of $58.39 per share, with a total value of $87,585.00. Following the acquisition, the insider directly owned 427,821 shares in the company, valued at $24,980,468.19. This trade represents a 0.35% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Travel + Leisure Price Performance
Shares of TNL traded down $0.85 during midday trading on Friday, reaching $58.40. 798,445 shares of the stock were exchanged, compared to its average volume of 703,102. The business’s 50-day moving average price is $53.47 and its 200 day moving average price is $50.86. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $63.31. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 0.59 and a beta of 1.38.
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 analysts’ consensus estimates of $1.66 by ($0.01). Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $1.52 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.
Travel + Leisure Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.8%. Travel + Leisure’s dividend payout ratio (DPR) is currently 38.62%.
Hedge Funds Weigh In On Travel + Leisure
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. grew its holdings in shares of Travel + Leisure by 4.8% during the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock worth $178,822,000 after buying an additional 163,804 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of 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 buying an additional 403,418 shares during the last quarter. Northern Trust Corp boosted its holdings in Travel + Leisure by 3.3% in the 1st quarter. Northern Trust Corp now owns 1,071,318 shares of the company’s stock valued at $49,591,000 after purchasing an additional 34,615 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Travel + Leisure by 8.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company’s stock valued at $46,039,000 after purchasing an additional 79,430 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in Travel + Leisure by 37.7% in the 1st quarter. LSV Asset Management now owns 956,109 shares of the company’s stock valued at $44,258,000 after purchasing an additional 261,528 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.
Wall Street Analysts Forecast Growth
TNL has been the subject of several recent research reports. JMP Securities increased their price target on Travel + Leisure from $60.00 to $70.00 and gave the company a “market outperform” rating in a report on Thursday, July 24th. Mizuho upgraded Travel + Leisure from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $63.00 to $72.00 in a research report on Thursday, July 24th. Wall Street Zen upgraded Travel + Leisure from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. Barclays raised their price target on Travel + Leisure from $39.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, July 24th. Finally, Morgan Stanley lowered their price target on Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.30.
Read Our Latest Research Report on TNL
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Travel + Leisure, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Travel + Leisure wasn’t on the list.
While Travel + Leisure currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
