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

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

Travel + Leisure Stock Performance

Shares of NYSE:TNL opened at $62.57 on Friday. Travel + Leisure Co. has a 52 week low of $46.75 and a 52 week high of $81.00. The company has a market capitalization of $3.91 billion, a PE ratio of 17.58, a PEG ratio of 0.48 and a beta of 1.17. The company has a 50 day moving average price of $69.85 and a two-hundred day moving average price of $69.91.

Travel + Leisure (NYSE:TNL) last issued 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. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate of $954.81 million. During the same quarter in the prior year, the firm earned $1.11 earnings per share. The business’s quarterly revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts forecast that Travel + Leisure Co. will post 7.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, March 20th. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 3.8%. Travel + Leisure’s payout ratio is currently 67.42%.

Institutional Trading of Travel + Leisure

Large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Travel + Leisure during the 4th quarter worth about $62,162,000. AQR Capital Management LLC boosted its holdings in shares of Travel + Leisure by 46.8% during the 2nd 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 during the period. Truist Financial Corp bought a new stake in shares of Travel + Leisure during the 3rd quarter worth about $38,959,000. Jupiter Asset Management Ltd. raised its stake in Travel + Leisure by 13,198.4% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 521,031 shares of the company’s stock worth $30,996,000 after purchasing an additional 517,113 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Travel + Leisure by 231.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock worth $41,143,000 after purchasing an additional 482,731 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Weiss Ratings raised shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Oppenheimer reissued an “outperform” rating and set a $85.00 price objective on shares of Travel + Leisure in a research report on Wednesday, February 18th. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Citizens Jmp increased their price objective on shares of Travel + Leisure from $80.00 to $90.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group increased their price objective on shares of Travel + Leisure from $71.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $85.00.

About Travel + Leisure

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.