Travel + Leisure Co. (NYSE:TNL – Get Free Report) Director George Herrera sold 559 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $68.18, for a total transaction of $38,112.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Travel + Leisure Trading Up 0.9%
Shares of NYSE:TNL traded up $0.62 on Wednesday, reaching $68.86. 254,848 shares of the company’s stock were exchanged, compared to its average volume of 685,009. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 0.55 and a beta of 1.51. The company has a fifty day moving average of $62.22 and a 200-day moving average of $58.12. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $70.43.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.57 earnings per share. As a group, equities research analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.
Travel + Leisure Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be paid a $0.56 dividend. The ex-dividend date is Friday, December 12th. This represents a $2.24 annualized dividend and a dividend yield of 3.3%. Travel + Leisure’s dividend payout ratio (DPR) is currently 36.84%.
Institutional Investors Weigh In On Travel + Leisure
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hillsdale Investment Management Inc. bought a new stake in Travel + Leisure during the second quarter valued at about $27,000. Elequin Capital LP purchased a new stake in Travel + Leisure during the first quarter valued at $30,000. Danske Bank A S bought a new position in shares of Travel + Leisure in the 3rd quarter valued at about $30,000. Parkside Financial Bank & Trust increased its position in shares of Travel + Leisure by 155.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock valued at $32,000 after purchasing an additional 382 shares during the last quarter. Finally, CNB Bank bought a new stake in Travel + Leisure in the third quarter worth $32,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
TNL has been the topic of several research analyst reports. Citigroup reissued an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, October 23rd. JMP Securities increased their price objective on Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a research report on Thursday, October 23rd. Mizuho set a $86.00 price objective on Travel + Leisure in a research report on Wednesday, October 22nd. Barclays lifted their price objective on Travel + Leisure from $54.00 to $63.00 and gave the stock an “underweight” rating in a research report on Thursday, October 23rd. Finally, Morgan Stanley set a $68.00 price target on shares of Travel + Leisure in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.60.
Check Out Our Latest 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.
Further Reading
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