Travel + Leisure Co. (NYSE:TNL) Insider Geoffrey Richards Sells 5,009 Shares of 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 value of $261,269.44. Following the completion of the transaction, the insider now owns 125,209 shares in the company, valued at approximately $6,530,901.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Travel + Leisure Price Performance

NYSE:TNL opened at $52.36 on Thursday. The business’s 50-day simple moving average is $45.62 and its 200-day simple moving average is $44.89. Travel + Leisure Co. has a fifty-two week low of $34.12 and a fifty-two week high of $53.26. The stock has a market capitalization of $3.58 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 0.71 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.54 EPS. On average, research analysts expect that Travel + Leisure Co. will post 5.77 earnings per share for the current year.

Travel + Leisure Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TNL shares. Barclays upped their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. 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 report on Friday, November 1st. JPMorgan Chase & Co. upped their target price on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft reduced their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, The Goldman Sachs Group upped their price objective on Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.67.

Institutional Trading of Travel + Leisure

A number of institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC boosted its stake in shares of Travel + Leisure by 11.1% during the 1st quarter. Private Advisor Group LLC now owns 11,894 shares of the company’s stock worth $582,000 after buying an additional 1,184 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Travel + Leisure by 20.2% during the first quarter. Janney Montgomery Scott LLC now owns 40,570 shares of the company’s stock valued at $1,986,000 after purchasing an additional 6,807 shares during the last quarter. Commerce Bank increased its position in shares of Travel + Leisure by 53.4% during the 1st quarter. Commerce Bank now owns 163,102 shares of the company’s stock worth $7,985,000 after purchasing an additional 56,775 shares during the last quarter. Texas Permanent School Fund Corp increased its position in shares of Travel + Leisure by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 63,271 shares of the company’s stock worth $3,098,000 after purchasing an additional 844 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Travel + Leisure during the 1st quarter worth approximately $211,000. Institutional investors own 87.54% of the company’s stock.

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.