Geoffrey Richards Sells 9,400 Shares of Travel + Leisure Co. (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 9,400 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the sale, the insider now directly owns 111,202 shares of the company’s stock, valued at approximately $6,289,585.12. This represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Geoffrey Richards also recently made the following trade(s):

• On Wednesday, November 13th, Geoffrey Richards sold 4,607 shares of Travel + Leisure stock. The shares were sold at an average price of $54.25, for a total value of $249,929.75.
• On Wednesday, November 6th, Geoffrey Richards sold 5,009 shares of Travel + Leisure stock. The stock was sold at an average price of $52.16, for a total value of $261,269.44.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $55.38 on Friday. Travel + Leisure Co. has a one year low of $35.41 and a one year high of $56.91. The business’s 50-day moving average price is $48.96 and its two-hundred day moving average price is $45.83. The company has a market capitalization of $3.79 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 0.80 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.49 by $0.08. The business had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 EPS. On average, equities analysts anticipate that Travel + Leisure Co. will post 5.75 EPS for the current year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.61%. Travel + Leisure’s dividend payout ratio is currently 33.96%.

Institutional Investors Weigh In On Travel + Leisure

A number of large investors have recently bought and sold shares of the business. Quest Partners LLC lifted its position in shares of Travel + Leisure by 1,474.2% in the second quarter. Quest Partners LLC now owns 22,181 shares of the company’s stock worth $998,000 after buying an additional 20,772 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Travel + Leisure by 125.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company’s stock worth $2,393,000 after purchasing an additional 29,656 shares during the last quarter. Versor Investments LP boosted its position in Travel + Leisure by 45.4% during the third quarter. Versor Investments LP now owns 40,290 shares of the company’s stock worth $1,857,000 after purchasing an additional 12,585 shares during the period. Hancock Whitney Corp acquired a new position in Travel + Leisure during the second quarter valued at approximately $1,925,000. Finally, International Assets Investment Management LLC raised its position in shares of Travel + Leisure by 4,532.8% in the third quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock valued at $248,000 after purchasing an additional 5,258 shares during the period. 87.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TNL has been the topic of several analyst reports. Tigress Financial lifted their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Truist Financial lifted their price objective on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays boosted their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Stifel Nicolaus raised their target price on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, The Goldman Sachs Group upped their price target on Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.80.

Travel + Leisure Company Profile

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.