Travel + Leisure Co. (NYSE:TNL – Get Free Report) insider Geoffrey Richards sold 124,454 shares of the business’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $62.56, for a total transaction of $7,785,842.24. Following the completion of the transaction, the insider owned 118,718 shares of the company’s stock, valued at approximately $7,426,998.08. This trade represents a 51.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Geoffrey Richards also recently made the following trade(s):
- On Thursday, July 24th, Geoffrey Richards sold 4,703 shares of Travel + Leisure stock. The stock was sold at an average price of $62.50, for a total transaction of $293,937.50.
- On Wednesday, July 23rd, Geoffrey Richards sold 9,109 shares of Travel + Leisure stock. The stock was sold at an average price of $59.53, for a total transaction of $542,258.77.
Travel + Leisure Stock Down 0.5%
Shares of TNL traded down $0.30 during midday trading on Monday, hitting $62.88. The company had a trading volume of 827,789 shares, compared to its average volume of 699,464. The company’s 50 day moving average price is $52.47 and its 200 day moving average price is $50.55. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 0.60 and a beta of 1.38. 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 announced its quarterly earnings data 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). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. Travel + Leisure’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.52 EPS. Equities analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.
Travel + Leisure Dividend Announcement
The business also recently declared 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 3.56%. The ex-dividend date was Friday, June 13th. Travel + Leisure’s dividend payout ratio is currently 38.62%.
Institutional Trading of Travel + Leisure
A number of institutional investors have recently made changes to their positions in TNL. Parallel Advisors LLC raised its holdings in shares of Travel + Leisure by 17.8% during the second quarter. Parallel Advisors LLC now owns 1,202 shares of the company’s stock valued at $62,000 after acquiring an additional 182 shares during the period. Cerity Partners LLC boosted its holdings in shares of Travel + Leisure by 1.0% during the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company’s stock worth $986,000 after buying an additional 200 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Travel + Leisure by 10.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $117,000 after buying an additional 220 shares during the period. Capital Analysts LLC boosted its holdings in Travel + Leisure by 16.8% in the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company’s stock valued at $80,000 after purchasing an additional 227 shares during the period. Finally, KBC Group NV boosted its holdings in Travel + Leisure by 8.1% in the 1st quarter. KBC Group NV now owns 3,128 shares of the company’s stock valued at $145,000 after purchasing an additional 235 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
TNL has been the subject of several research analyst reports. The Goldman Sachs Group decreased their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Mizuho upgraded shares of Travel + Leisure from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $63.00 to $72.00 in a research report on Thursday. Barclays set a $54.00 price target on shares of Travel + Leisure and gave the company an “underweight” rating in a research report on Thursday. Wall Street Zen upgraded shares of Travel + Leisure from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, JMP Securities lifted their price target on shares of Travel + Leisure from $60.00 to $70.00 and gave the company a “market outperform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.30.
View 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.
Recommended Stories
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.
Nuclear energy stocks are roaring. It’s the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
