Travel + Leisure Co. (NYSE:TNL – Get Free Report) Director George Herrera sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total value of $37,580.00. Following the transaction, the director directly owned 1,353 shares in the company, valued at $101,691.48. This trade represents a 26.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Travel + Leisure Trading Up 2.8%
Shares of NYSE:TNL traded up $2.12 during trading on Wednesday, hitting $77.26. 238,521 shares of the company were exchanged, compared to its average volume of 763,945. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 0.57 and a beta of 1.17. Travel + Leisure Co. has a fifty-two week low of $47.74 and a fifty-two week high of $81.00. The firm has a fifty day moving average price of $69.28 and a two-hundred day moving average price of $70.79.
Travel + Leisure (NYSE:TNL – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.14. The firm had revenue of $961.00 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 EPS. As a group, research analysts predict that Travel + Leisure Co. will post 7.46 EPS for the current year.
Travel + Leisure Announces Dividend
Analyst Ratings Changes
Several research analysts have weighed in on the company. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Morgan Stanley decreased their target price on Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Citizens Jmp boosted their target price on Travel + Leisure from $80.00 to $90.00 and gave the stock a “market outperform” rating in a report on Thursday, February 19th. The Goldman Sachs Group raised Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Monday, June 1st. Finally, Citigroup reissued an “outperform” rating on shares of Travel + Leisure in a report on Thursday, February 19th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $85.40.
Get Our Latest Stock Report on TNL
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in TNL. Danske Bank A S bought a new stake in Travel + Leisure in the 3rd quarter valued at $30,000. N.E.W. Advisory Services LLC bought a new stake in Travel + Leisure in the 4th quarter valued at $43,000. Assetmark Inc. boosted its stake in Travel + Leisure by 43.8% in the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after purchasing an additional 191 shares during the period. Geneos Wealth Management Inc. boosted its stake in Travel + Leisure by 293.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after purchasing an additional 715 shares during the period. Finally, CENTRAL TRUST Co boosted its stake in Travel + Leisure by 181.5% in the 3rd quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock valued at $47,000 after purchasing an additional 510 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.
Travel + Leisure Company Profile
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.
Further Reading
- Five stocks we like better than Travel + Leisure
- Insiders Are Selling These 3 Stocks—Should Investors Be Concerned?
- After SpaceX, Amazon Could Be The Next Best Space Stock
- 3 Stocks to Watch If the Strait of Hormuz Reopens
- Draining the Tank: Big Oil Runs on Fumes
Receive News & Ratings for Travel + Leisure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travel + Leisure and related companies with MarketBeat.com's FREE daily email newsletter.
