Geoffrey Richards Sells 33,744 Shares of Travel + Leisure (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 33,744 shares of Travel + Leisure stock in a transaction on Monday, July 27th. The stock was sold at an average price of $75.65, for a total transaction of $2,552,733.60. Following the sale, the insider directly owned 1,600 shares of the company’s stock, valued at $121,040. This represents a 95.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock opened at $77.71 on Thursday. The firm has a fifty day moving average of $73.38 and a two-hundred day moving average of $71.75. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 0.59 and a beta of 1.16. Travel + Leisure Co. has a 52 week low of $56.66 and a 52 week high of $81.00.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $1.65 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, research analysts forecast that Travel + Leisure Co. will post 7.58 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.40 annualized dividend and a yield of 3.1%. Travel + Leisure’s dividend payout ratio is presently 65.57%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TNL shares. The Goldman Sachs Group upgraded Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Monday, June 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Travel + Leisure in a research note on Tuesday, July 21st. Citigroup restated a “market outperform” rating on shares of Travel + Leisure in a report on Thursday, July 23rd. Mizuho upped their target price on shares of Travel + Leisure from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley upped their target price on shares of Travel + Leisure from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $86.90.

Institutional Investors Weigh In On Travel + Leisure

Several large investors have recently modified their holdings of the business. Danske Bank A S bought a new position in shares of Travel + Leisure during the 3rd quarter valued at about $30,000. Elevation Wealth Partners LLC grew its position in shares of Travel + Leisure by 413.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock valued at $35,000 after purchasing an additional 372 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Travel + Leisure during the 4th quarter worth approximately $43,000. Assetmark Inc. increased its stake in Travel + Leisure by 43.8% during the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after purchasing an additional 191 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares during the period. 87.54% of the stock is currently owned by institutional investors.

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.