Travel + Leisure (NYSE:TNL) Insider Sells $1,772,918.28 in Stock

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 26,838 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 1.7%

NYSE:TNL opened at $62.71 on Friday. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $70.43. The business’s 50-day moving average price is $61.84 and its two-hundred day moving average price is $55.50. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 0.55 and a beta of 1.47.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, beating 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 analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts predict 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 Tuesday, September 30th. Shareholders of record on Friday, September 12th were paid a $0.56 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.24 annualized dividend and a yield of 3.6%. Travel + Leisure’s dividend payout ratio is presently 36.84%.

Analysts Set New Price Targets

Several research firms have weighed in on TNL. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. JMP Securities increased their price target on Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a report on Thursday, October 23rd. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a report on Thursday, October 23rd. The Goldman Sachs Group increased their price target on Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Travel + Leisure in a report on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and a consensus price target of $69.90.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of Travel + Leisure by 46.8% during the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock worth $138,449,000 after buying an additional 855,151 shares in the last quarter. LSV Asset Management grew its holdings in shares of Travel + Leisure by 69.0% during the second quarter. LSV Asset Management now owns 1,615,402 shares of the company’s stock worth $83,371,000 after buying an additional 659,293 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Travel + Leisure by 3.3% during the first quarter. Northern Trust Corp now owns 1,071,318 shares of the company’s stock worth $49,591,000 after buying an additional 34,615 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 worth $46,039,000 after buying an additional 79,430 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Travel + Leisure during the second quarter worth about $50,934,000. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Company Profile

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.