Travel + Leisure Co. (NYSE:TNL – Get Free Report) insider Geoffrey Richards sold 4,992 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $65.00, for a total value of $324,480.00. Following the transaction, the insider directly owned 102,129 shares of the company’s stock, valued at approximately $6,638,385. This trade represents a 4.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Geoffrey Richards also recently made the following trade(s):
- 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 value of $296,140.00.
- On Wednesday, October 29th, Geoffrey Richards sold 1,100 shares of Travel + Leisure stock. The shares were 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 stock was 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 value of $90,558.00.
Travel + Leisure Stock Down 1.2%
Shares of NYSE:TNL traded down $0.74 during midday trading on Friday, reaching $63.02. 545,057 shares of the company traded hands, compared to its average volume of 690,863. The firm’s fifty day moving average price is $62.00 and its two-hundred day moving average price is $56.98. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 0.55 and a beta of 1.51. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $70.43.
Travel + Leisure (NYSE:TNL – Get Free Report) last issued its earnings results on Wednesday, October 22nd. The company reported $1.80 EPS 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 business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company earned $1.57 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.
Travel + Leisure Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 yield of 3.6%. The ex-dividend date of this dividend is Friday, December 12th. Travel + Leisure’s dividend payout ratio is 36.84%.
Analyst Ratings Changes
Several research analysts have commented on TNL shares. Citigroup reissued an “outperform” rating on shares of Travel + Leisure in a report on Thursday, October 23rd. Mizuho set a $86.00 target price on Travel + Leisure in a research report on Wednesday, October 22nd. JMP Securities raised their price target on Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a report on Thursday, October 23rd. Barclays lifted their price target on Travel + Leisure from $54.00 to $63.00 and gave the company an “underweight” rating in a research report on Thursday, October 23rd. Finally, Truist Financial raised their target price on shares of Travel + Leisure from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Friday. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Travel + Leisure currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.80.
Read Our Latest Research Report on Travel + Leisure
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its stake in shares of Travel + Leisure by 8.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company’s stock valued at $46,039,000 after buying an additional 79,430 shares during the last quarter. Cerity Partners LLC boosted its holdings in Travel + Leisure by 10.1% during the 1st quarter. Cerity Partners LLC now owns 21,529 shares of the company’s stock valued at $997,000 after acquiring an additional 1,980 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Travel + Leisure by 4.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 208,929 shares of the company’s stock valued at $9,671,000 after acquiring an additional 8,142 shares during the period. HighTower Advisors LLC grew its position in Travel + Leisure by 314.4% during the 1st quarter. HighTower Advisors LLC now owns 41,369 shares of the company’s stock worth $1,915,000 after acquiring an additional 31,387 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in Travel + Leisure by 362.0% in the 1st quarter. Voya Investment Management LLC now owns 175,221 shares of the company’s stock worth $8,111,000 after purchasing an additional 137,295 shares during the period. 87.54% of the stock is 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.
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