Travel + Leisure Co. (NYSE:TNL – Get Free Report) insider Geoffrey Richards sold 62,525 shares of the stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $65.17, for a total value of $4,074,754.25. Following the sale, the insider owned 39,604 shares of the company’s stock, valued at approximately $2,580,992.68. The trade was a 61.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Geoffrey Richards also recently made the following trade(s):
- On Thursday, November 13th, Geoffrey Richards sold 4,992 shares of Travel + Leisure stock. The stock was sold at an average price of $65.00, for a total value of $324,480.00.
- On Wednesday, November 12th, Geoffrey Richards sold 4,556 shares of Travel + Leisure stock. The stock was sold at an average price of $65.00, for a total transaction of $296,140.00.
- On Wednesday, October 29th, Geoffrey Richards sold 1,100 shares of Travel + Leisure stock. The stock was sold at an average price of $65.00, for a total transaction of $71,500.00.
- On Monday, October 27th, Geoffrey Richards sold 26,838 shares of Travel + Leisure stock. The shares were 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 stock was sold at an average price of $64.50, for a total transaction of $90,558.00.
Travel + Leisure Stock Performance
NYSE:TNL opened at $68.58 on Friday. The firm’s 50-day moving average is $62.65 and its 200-day moving average is $58.39. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.55 and a beta of 1.51. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $70.43.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business earned $1.57 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current year.
Travel + Leisure Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, December 12th. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.84%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Cetera Investment Advisers raised its stake in shares of Travel + Leisure by 3.0% during the first quarter. Cetera Investment Advisers now owns 10,789 shares of the company’s stock worth $499,000 after buying an additional 317 shares during the last quarter. LPL Financial LLC grew its holdings in Travel + Leisure by 39.6% during the 1st quarter. LPL Financial LLC now owns 53,010 shares of the company’s stock worth $2,454,000 after acquiring an additional 15,027 shares during the period. Vestcor Inc bought a new stake in shares of Travel + Leisure during the 1st quarter valued at $219,000. Natixis Advisors LLC lifted its stake in shares of Travel + Leisure by 20.3% in the 1st quarter. Natixis Advisors LLC now owns 15,195 shares of the company’s stock valued at $703,000 after purchasing an additional 2,569 shares during the period. Finally, Jefferies Financial Group Inc. bought a new position in shares of Travel + Leisure in the 1st quarter worth $262,000. Institutional investors own 87.54% of the company’s stock.
Analyst Ratings Changes
TNL has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price target on shares of Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Truist Financial boosted their price target on shares of Travel + Leisure from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, November 14th. JMP Securities upped their price objective on shares of Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 23rd. Mizuho set a $86.00 target price on shares of Travel + Leisure in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company started coverage on Travel + Leisure in a research report on Tuesday, November 18th. They set an “overweight” rating and a $74.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average price target of $70.60.
Check Out Our Latest Analysis on TNL
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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