Travel + Leisure Co. (NYSE:TNL – Get Free Report) insider Geoffrey Richards sold 1,100 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $65.00, for a total transaction of $71,500.00. Following the transaction, the insider directly owned 111,677 shares in the company, valued at $7,259,005. The trade was a 0.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Geoffrey Richards also recently made the following trade(s):
- On Monday, October 27th, Geoffrey Richards sold 26,838 shares of Travel + Leisure stock. The stock was sold at an average price of $66.06, for a total transaction of $1,772,918.28.
- On Wednesday, October 22nd, Geoffrey Richards sold 1,404 shares of Travel + Leisure stock. The shares were sold at an average price of $64.50, for a total transaction of $90,558.00.
Travel + Leisure Stock Performance
Shares of TNL stock traded down $0.38 on Friday, hitting $62.34. The company’s stock had a trading volume of 189,188 shares, compared to its average volume of 692,486. The stock’s 50 day moving average is $61.84 and its 200-day moving average is $55.50. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $70.43. The company has a market capitalization of $4.01 billion, a PE ratio of 10.25, a PEG ratio of 0.55 and a beta of 1.47.
Travel + Leisure (NYSE:TNL – Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.08. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. Travel + Leisure’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.57 earnings per share. On average, research analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.
Travel + Leisure Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 12th were given a $0.56 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.24 annualized dividend and a yield of 3.6%. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.84%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on TNL shares. Morgan Stanley set a $68.00 price target on shares of Travel + Leisure in a research report on Wednesday, October 22nd. Citigroup reissued an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, October 23rd. Mizuho set a $86.00 price target on shares of Travel + Leisure in a research report on Wednesday, October 22nd. JMP Securities raised their price objective on Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.90.
View Our Latest Research Report on Travel + Leisure
Institutional Investors Weigh In On Travel + Leisure
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TNL. Norges Bank bought a new stake in Travel + Leisure in the 2nd quarter valued at about $50,934,000. Nuveen LLC bought a new stake in Travel + Leisure in the 1st quarter valued at about $41,114,000. AQR Capital Management LLC grew its holdings in Travel + Leisure by 46.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after buying an additional 855,151 shares in the last quarter. LSV Asset Management grew its holdings in Travel + Leisure by 69.0% during the 2nd quarter. LSV Asset Management now owns 1,615,402 shares of the company’s stock valued at $83,371,000 after buying an additional 659,293 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Travel + Leisure by 98.4% during the 2nd quarter. Quantinno Capital Management LP now owns 488,307 shares of the company’s stock valued at $25,202,000 after buying an additional 242,231 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.
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.
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