Travel + Leisure Co. (NYSE:TNL – Get Free Report) CAO Thomas Michael Duncan sold 20,000 shares of Travel + Leisure stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $74.16, for a total transaction of $1,483,200.00. Following the sale, the chief accounting officer owned 5,307 shares in the company, valued at $393,567.12. This represents a 79.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Travel + Leisure Price Performance
Shares of Travel + Leisure stock opened at $71.27 on Friday. The firm has a market capitalization of $4.36 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 0.49 and a beta of 1.17. The company’s fifty day moving average price is $74.84 and its two-hundred day moving average price is $72.15. Travel + Leisure Co. has a 52-week low of $58.07 and a 52-week high of $81.00.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, hitting analysts’ consensus estimates of $1.88. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm earned $1.65 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts predict that Travel + Leisure Co. will post 7.7 earnings per share for the current fiscal year.
Travel + Leisure Announces Dividend
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on Travel + Leisure from $87.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. The Goldman Sachs Group raised Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a report on Monday, June 1st. Morgan Stanley raised their target price on Travel + Leisure from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. Barclays boosted their price target on Travel + Leisure from $74.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Finally, Zacks Research cut Travel + Leisure from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $87.82.
Check Out Our Latest Report on Travel + Leisure
Hedge Funds Weigh In On Travel + Leisure
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TNL. Corient Private Wealth LP increased its holdings in shares of Travel + Leisure by 23.8% during the second quarter. Corient Private Wealth LP now owns 171,547 shares of the company’s stock worth $13,111,000 after buying an additional 33,002 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Travel + Leisure by 5.9% in the second quarter. HighTower Advisors LLC now owns 47,706 shares of the company’s stock valued at $3,646,000 after acquiring an additional 2,671 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Travel + Leisure in the second quarter valued at approximately $1,039,000. California State Teachers Retirement System boosted its holdings in shares of Travel + Leisure by 7,338.9% in the 2nd quarter. California State Teachers Retirement System now owns 5,640,075 shares of the company’s stock worth $431,071,000 after acquiring an additional 5,564,256 shares in the last quarter. Finally, AlphaGrep UK Ltd acquired a new position in shares of Travel + Leisure in the 2nd quarter worth approximately $266,000. 87.54% of the stock is currently 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.
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