Key Points
- Insider sale: Amandine Robin-Caplan sold 3,904 shares on Feb. 20 at an average price of $74.61 for a total of $291,277.44, a transaction disclosed in an SEC filing.
- Quarterly results: On Feb. 18 Travel + Leisure reported EPS of $1.83 (matching estimates) and revenue of $1.03 billion, up 5.7% year-over-year.
- Analyst outlook: Several brokers raised price targets (Wells Fargo to $88, Morgan Stanley to $80), and the consensus rating is a "Moderate Buy" with an average target of $84.45.
Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Amandine Robin-Caplan sold 3,904 shares of Travel + Leisure stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $74.61, for a total value of $291,277.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Travel + Leisure Stock Performance
Travel + Leisure stock opened at $75.00 on Wednesday. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 0.63 and a beta of 1.38. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $81.00. The firm has a 50 day moving average price of $72.37 and a two-hundred day moving average price of $66.41.
Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $1.83 earnings per share for the quarter, hitting the consensus estimate of $1.83. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1 billion. During the same period in the prior year, the company posted $1.72 earnings per share. Travel + Leisure's revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities research analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.
Institutional Trading of Travel + Leisure
Several hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in Travel + Leisure by 2.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company's stock worth $408,000 after buying an additional 148 shares during the last quarter. Rossby Financial LCC grew its holdings in shares of Travel + Leisure by 13.1% during the third quarter. Rossby Financial LCC now owns 1,408 shares of the company's stock valued at $85,000 after buying an additional 163 shares during the last quarter. Optas LLC increased its position in shares of Travel + Leisure by 4.3% during the third quarter. Optas LLC now owns 4,542 shares of the company's stock worth $270,000 after acquiring an additional 189 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Travel + Leisure by 19.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company's stock worth $59,000 after acquiring an additional 189 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Travel + Leisure by 17.8% in the 4th quarter. Signaturefd LLC now owns 1,276 shares of the company's stock worth $90,000 after acquiring an additional 193 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on TNL. Wells Fargo & Company boosted their price objective on Travel + Leisure from $81.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday, February 19th. Wall Street Zen downgraded Travel + Leisure from a "buy" rating to a "hold" rating in a report on Saturday, February 7th. Morgan Stanley boosted their price target on Travel + Leisure from $68.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, January 16th. Oppenheimer reiterated an "outperform" rating and set a $85.00 target price on shares of Travel + Leisure in a research report on Wednesday, February 18th. Finally, Stifel Nicolaus set a $89.00 target price on shares of Travel + Leisure in a research note on Wednesday, February 18th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.45.
Check Out Our Latest Analysis on TNL
Travel + Leisure Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
