Travel + Leisure Co. (NYSE:TNL – Get Free Report) insider Geoffrey Richards sold 26,838 shares of Travel + Leisure stock in a transaction on Monday, October 27th. The shares were sold at an average price of $66.06, for a total value of $1,772,918.28. Following the completion of the transaction, the insider owned 112,777 shares in the company, valued at $7,450,048.62. This represents a 19.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Geoffrey Richards also recently made the following trade(s):
- 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 value of $90,558.00.
Travel + Leisure Trading Down 1.8%
Shares of NYSE:TNL traded down $1.19 on Tuesday, reaching $64.61. The company had a trading volume of 489,885 shares, compared to its average volume of 692,962. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $70.43. The firm’s 50 day simple moving average is $61.58 and its 200-day simple moving average is $55.13. The firm has a market capitalization of $4.16 billion, a PE ratio of 10.63, a PEG ratio of 0.63 and a beta of 1.47.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its earnings results 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. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the business earned $1.57 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.
Travel + Leisure Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 12th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, September 12th. Travel + Leisure’s payout ratio is 36.84%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a research note on Thursday, October 23rd. Morgan Stanley set a $68.00 price target on Travel + Leisure in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. Mizuho set a $86.00 price target on Travel + Leisure in a research note on Wednesday, October 22nd. Finally, The Goldman Sachs Group boosted their price target on Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.90.
View Our Latest Analysis on TNL
Institutional Investors Weigh In On Travel + Leisure
A number of large investors have recently made changes to their positions in TNL. GAMMA Investing LLC grew its position in shares of Travel + Leisure by 26.6% in the first quarter. GAMMA Investing LLC now owns 2,044 shares of the company’s stock valued at $95,000 after purchasing an additional 429 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Travel + Leisure by 5.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,018 shares of the company’s stock valued at $1,945,000 after purchasing an additional 2,063 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Travel + Leisure by 210.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 35,893 shares of the company’s stock worth $1,666,000 after acquiring an additional 24,329 shares during the period. KBC Group NV grew its position in Travel + Leisure by 8.1% in the first quarter. KBC Group NV now owns 3,128 shares of the company’s stock worth $145,000 after acquiring an additional 235 shares during the period. Finally, Kendall Capital Management grew its position in Travel + Leisure by 20.4% in the first quarter. Kendall Capital Management now owns 22,255 shares of the company’s stock worth $1,030,000 after acquiring an additional 3,765 shares during the period. 87.54% of the stock is currently owned by hedge funds and other 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.
Further Reading
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