Geoffrey Richards Sells 5,009 Shares of Travel + Leisure Co. (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 5,009 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total transaction of $261,269.44. Following the completion of the sale, the insider now owns 125,209 shares of the company’s stock, valued at $6,530,901.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Travel + Leisure Trading Up 4.9 %

Travel + Leisure stock opened at $52.36 on Thursday. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 0.71 and a beta of 1.61. Travel + Leisure Co. has a 1-year low of $34.12 and a 1-year high of $53.26. The firm’s fifty day moving average price is $45.62 and its two-hundred day moving average price is $44.89.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The company had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company earned $1.54 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts forecast that Travel + Leisure Co. will post 5.77 EPS for the current year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.82%. Travel + Leisure’s dividend payout ratio is presently 33.96%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TNL shares. Deutsche Bank Aktiengesellschaft reduced their target price on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Barclays upped their price objective on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Tigress Financial raised their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Truist Financial lowered their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, The Goldman Sachs Group increased their target price on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Travel + Leisure currently has an average rating of “Moderate Buy” and a consensus price target of $55.67.

Institutional Investors Weigh In On Travel + Leisure

Several large investors have recently added to or reduced their stakes in TNL. Private Advisor Group LLC increased its stake in shares of Travel + Leisure by 11.1% in the first quarter. Private Advisor Group LLC now owns 11,894 shares of the company’s stock worth $582,000 after purchasing an additional 1,184 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Travel + Leisure by 20.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 40,570 shares of the company’s stock valued at $1,986,000 after buying an additional 6,807 shares in the last quarter. Commerce Bank boosted its holdings in shares of Travel + Leisure by 53.4% in the first quarter. Commerce Bank now owns 163,102 shares of the company’s stock worth $7,985,000 after acquiring an additional 56,775 shares during the period. Texas Permanent School Fund Corp boosted its holdings in shares of Travel + Leisure by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 63,271 shares of the company’s stock worth $3,098,000 after acquiring an additional 844 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of Travel + Leisure in the first quarter valued at $211,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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.