Travel + Leisure (NYSE:TNL) Director Denny Marie Post Sells 2,500 Shares of Stock

Travel + Leisure Co. (NYSE:TNLGet Free Report) Director Denny Marie Post sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $63.83, for a total value of $159,575.00. Following the transaction, the director owned 1,977 shares of the company’s stock, valued at approximately $126,191.91. This trade represents a 55.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Travel + Leisure Trading Down 1.6%

Travel + Leisure stock opened at $62.57 on Friday. The stock has a market cap of $3.91 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 0.49 and a beta of 1.17. The stock has a 50 day moving average of $69.85 and a 200-day moving average of $69.91. Travel + Leisure Co. has a 52 week low of $46.75 and a 52 week high of $81.00.

Travel + Leisure (NYSE:TNLGet Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.31 by $0.14. The company had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $954.81 million. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.11 EPS. As a group, equities analysts predict that Travel + Leisure Co. will post 7.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were paid a dividend of $0.60 per share. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.56. The ex-dividend date was Friday, March 20th. This represents a $2.40 annualized dividend and a dividend yield of 3.8%. Travel + Leisure’s dividend payout ratio (DPR) is currently 67.42%.

Analysts Set New Price Targets

Several research firms have recently commented on TNL. Citigroup reiterated an “outperform” rating on shares of Travel + Leisure in a research note on Thursday, February 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $90.00 price objective on shares of Travel + Leisure in a research note on Friday, February 20th. Oppenheimer restated an “outperform” rating and set a $85.00 price objective on shares of Travel + Leisure in a research note on Wednesday, February 18th. Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Morgan Stanley reduced their price objective on Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.00.

Check Out Our Latest Analysis on Travel + Leisure

Hedge Funds Weigh In On Travel + Leisure

Large investors have recently added to or reduced their stakes in the company. Baron Wealth Management LLC lifted its stake in Travel + Leisure by 2.8% in the first quarter. Baron Wealth Management LLC now owns 4,953 shares of the company’s stock valued at $343,000 after buying an additional 133 shares during the last quarter. Diversified Trust Co lifted its stake in Travel + Leisure by 0.7% in the first quarter. Diversified Trust Co now owns 19,393 shares of the company’s stock valued at $1,342,000 after buying an additional 137 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Travel + Leisure by 2.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company’s stock valued at $408,000 after buying an additional 148 shares during the last quarter. Evolve Private Wealth LLC lifted its stake in Travel + Leisure by 1.7% in the first quarter. Evolve Private Wealth LLC now owns 9,270 shares of the company’s stock valued at $641,000 after buying an additional 156 shares during the last quarter. Finally, Rossby Financial LCC lifted its stake in Travel + Leisure by 13.1% in the third quarter. Rossby Financial LCC now owns 1,408 shares of the company’s stock valued at $85,000 after buying an additional 163 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

About Travel + Leisure

(Get Free Report)

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.

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Insider Buying and Selling by Quarter for Travel + Leisure (NYSE:TNL)

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