Key Points
- Insider sale: Geoffrey Richards sold 4,556 shares on Nov. 12 at $65 and has executed several recent sales (including 26,838 shares on Oct. 27), trimming his position by 4.08% to 107,121 shares valued at about $6.96 million.
- Recent results and trading: Travel + Leisure reported $1.80 EPS vs. $1.72 expected and revenue of $1.04 billion (up 5.1% YoY); the stock traded down 1.2% to $63.02, with a market cap of $4.05 billion and a P/E of 10.36.
- Dividend and analyst view: The company declared a $0.56 quarterly dividend ($2.24 annualized, 3.6% yield) with an ex-dividend date of Dec. 12, and the consensus analyst rating is a "Moderate Buy" with an average price target of $69.80.
Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Geoffrey Richards sold 4,556 shares of the firm's stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $65.00, for a total value of $296,140.00. Following the transaction, the insider owned 107,121 shares in the company, valued at approximately $6,962,865. This trade represents a 4.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Geoffrey Richards also recently made the following trade(s):
- On Thursday, November 13th, Geoffrey Richards sold 4,992 shares of Travel + Leisure stock. The shares were sold at an average price of $65.00, for a total value of $324,480.00.
- On Wednesday, October 29th, Geoffrey Richards sold 1,100 shares of Travel + Leisure stock. The stock was sold at an average price of $65.00, for a total value of $71,500.00.
- On Monday, October 27th, Geoffrey Richards sold 26,838 shares of Travel + Leisure stock. The shares were sold at an average price of $66.06, for a total value of $1,772,918.28.
- On Wednesday, October 22nd, Geoffrey Richards sold 1,404 shares of Travel + Leisure stock. The stock was sold at an average price of $64.50, for a total transaction of $90,558.00.
Travel + Leisure Trading Down 1.2%
TNL stock traded down $0.74 during mid-day trading on Friday, hitting $63.02. The stock had a trading volume of 550,999 shares, compared to its average volume of 690,866. The firm has a fifty day simple moving average of $62.01 and a 200 day simple moving average of $57.11. The firm has a market capitalization of $4.05 billion, a P/E ratio of 10.36, a P/E/G ratio of 0.55 and a beta of 1.51. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $70.43.
Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.08. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted $1.57 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.
Travel + Leisure Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, December 12th. Travel + Leisure's dividend payout ratio is currently 36.84%.
Analyst Ratings Changes
Several analysts recently weighed in on the company. Truist Financial raised their price objective on Travel + Leisure from $70.00 to $71.00 and gave the company a "buy" rating in a research note on Friday. Citigroup reissued an "outperform" rating on shares of Travel + Leisure in a research note on Thursday, October 23rd. Barclays raised their target price on shares of Travel + Leisure from $54.00 to $63.00 and gave the company an "underweight" rating in a research report on Thursday, October 23rd. Wall Street Zen cut Travel + Leisure from a "buy" rating to a "hold" rating in a research note on Saturday, October 18th. Finally, Mizuho set a $86.00 price objective on Travel + Leisure in a research report on Wednesday, October 22nd. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $69.80.
View Our Latest Analysis on TNL
Hedge Funds Weigh In On Travel + Leisure
A number of hedge funds have recently bought and sold shares of TNL. Hillsdale Investment Management Inc. bought a new position in Travel + Leisure in the 2nd quarter valued at about $27,000. Elequin Capital LP purchased a new stake in shares of Travel + Leisure in the first quarter worth approximately $30,000. Parkside Financial Bank & Trust lifted its holdings in shares of Travel + Leisure by 155.3% in the second quarter. Parkside Financial Bank & Trust now owns 628 shares of the company's stock valued at $32,000 after purchasing an additional 382 shares in the last quarter. CNB Bank purchased a new position in shares of Travel + Leisure during the third quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. grew its holdings in Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company's stock worth $44,000 after buying an additional 715 shares in the last quarter. Institutional investors own 87.54% of the company's stock.
About Travel + Leisure
(
Get Free Report)
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.
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