Travel + Leisure Co. (NYSE:TNL – Get Free Report) insider Geoffrey Richards sold 4,703 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $62.50, for a total transaction of $293,937.50. Following the completion of the transaction, the insider owned 22,301 shares of the company’s stock, valued at $1,393,812.50. The trade was a 17.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Geoffrey Richards also recently made the following trade(s):
- On Wednesday, July 23rd, Geoffrey Richards sold 9,109 shares of Travel + Leisure stock. The shares were sold at an average price of $59.53, for a total transaction of $542,258.77.
Travel + Leisure Stock Performance
Shares of TNL stock traded down $0.18 during mid-day trading 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. The company has a market cap of $4.10 billion, a PE ratio of 10.30, a P/E/G ratio of 0.56 and a beta of 1.38. The company’s fifty day simple moving average is $51.79 and its 200-day simple moving average is $50.32. 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 issued its earnings results 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 during the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a negative return on equity of 46.83% and a net margin of 10.77%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 earnings per share. On average, equities analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current year.
Travel + Leisure Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.63%. The ex-dividend date was Friday, June 13th. Travel + Leisure’s dividend payout ratio is presently 37.40%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on TNL. Morgan Stanley dropped their price target on Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Barclays lifted their price target on Travel + Leisure from $39.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday. Mizuho raised Travel + Leisure from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $63.00 to $72.00 in a research note on Thursday. The Goldman Sachs Group cut their target price on shares of Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Finally, JMP Securities boosted their target price on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a “market outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Travel + Leisure has an average rating of “Moderate Buy” and an average price target of $62.27.
Get Our Latest Stock Analysis on TNL
Institutional Investors Weigh In On Travel + Leisure
Several hedge funds and other institutional investors have recently bought and sold shares of TNL. Allspring Global Investments Holdings LLC boosted its position in shares of Travel + Leisure by 210.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 35,893 shares of the company’s stock worth $1,666,000 after purchasing an additional 24,329 shares in the last quarter. Merit Financial Group LLC acquired a new position in Travel + Leisure during the 1st quarter worth approximately $261,000. GAMMA Investing LLC raised its stake in Travel + Leisure by 26.6% during the 1st quarter. GAMMA Investing LLC now owns 2,044 shares of the company’s stock worth $95,000 after buying an additional 429 shares during the period. Crossmark Global Holdings Inc. raised its stake in Travel + Leisure by 53.1% during the 1st quarter. Crossmark Global Holdings Inc. now owns 68,355 shares of the company’s stock worth $3,164,000 after buying an additional 23,700 shares during the period. Finally, Cerity Partners LLC raised its stake in Travel + Leisure by 10.1% during the 1st quarter. Cerity Partners LLC now owns 21,529 shares of the company’s stock worth $997,000 after buying an additional 1,980 shares during the period. 87.54% of the stock is 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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