Key Points
- Director George Herrera sold 559 shares on November 25 at an average price of $68.18 for a total of $38,112.62, a transaction disclosed in an SEC Form 4.
- Travel + Leisure reported quarterly EPS of $1.80 vs. $1.72 expected and revenue of $1.04 billion (up 5.1% year‑over‑year), and announced a quarterly dividend of $0.56 (annualized $2.24, ~3.3% yield) with an ex‑dividend date of December 12 and payment on December 31.
- Shares trade around $68.41 with a market cap of $4.40B and a P/E of 11.25, and analysts carry a consensus rating of Moderate Buy with an average price target of $70.60.
Travel + Leisure Co. (NYSE:TNL - Get Free Report) Director George Herrera sold 559 shares of the company's stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $68.18, for a total value of $38,112.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Travel + Leisure Price Performance
Shares of NYSE TNL traded up $0.17 on Thursday, hitting $68.41. The company's stock had a trading volume of 505,390 shares, compared to its average volume of 686,104. The stock has a 50 day moving average of $62.36 and a 200-day moving average of $58.19. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 0.55 and a beta of 1.51. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $70.43.
Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.08. The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.03 billion. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 earnings per share. Sell-side analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.
Travel + Leisure Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, December 12th. Travel + Leisure's payout ratio is presently 36.84%.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. The Goldman Sachs Group upped their price target on shares of Travel + Leisure from $61.00 to $71.00 and gave the company a "neutral" rating in a report on Thursday, October 23rd. Truist Financial upped their price target on Travel + Leisure from $70.00 to $71.00 and gave the company a "buy" rating in a research report on Friday, November 14th. Barclays lifted their target price on Travel + Leisure from $54.00 to $63.00 and gave the company an "underweight" rating in a research note on Thursday, October 23rd. Finally, Morgan Stanley set a $68.00 price target on shares of Travel + Leisure in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $70.60.
Read Our Latest Stock Analysis on Travel + Leisure
Hedge Funds Weigh In On Travel + Leisure
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. acquired a new stake in shares of Travel + Leisure in the second quarter worth $27,000. Elequin Capital LP acquired a new stake in shares of Travel + Leisure during the first quarter worth approximately $30,000. Danske Bank A S purchased a new position in Travel + Leisure during the third quarter valued at approximately $30,000. Parkside Financial Bank & Trust increased its stake in Travel + Leisure by 155.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company's stock valued at $32,000 after buying an additional 382 shares during the period. Finally, CNB Bank purchased a new stake in Travel + Leisure in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds 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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