Key Points
- Michael Dean Brown sold 25,938 shares on Feb. 24 at an average price of $74.85 for about $1.94M and had sold 66,860 shares on Feb. 23 (~$4.95M), cutting his stake by 5.72% to 427,821 shares valued near $32.0M.
- Shares rose 1.7% to $76.84 after the trades, and analysts remain broadly positive—several raised price targets (Wells Fargo $88, Stifel $89) with a consensus "Moderate Buy" target of $84.45.
Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Michael Dean Brown sold 25,938 shares of the firm's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $74.85, for a total value of $1,941,459.30. Following the completion of the transaction, the insider directly owned 427,821 shares of the company's stock, valued at $32,022,401.85. The trade was a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Michael Dean Brown also recently made the following trade(s):
- On Monday, February 23rd, Michael Dean Brown sold 66,860 shares of Travel + Leisure stock. The stock was sold at an average price of $74.03, for a total value of $4,949,645.80.
Travel + Leisure Stock Up 1.7%
Shares of TNL stock traded up $1.28 during trading on Thursday, hitting $76.84. The company had a trading volume of 52,390 shares, compared to its average volume of 611,154. The stock's 50-day moving average is $72.45 and its two-hundred day moving average is $66.47. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 0.57 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.
Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $1.83 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.83. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The firm had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1 billion. During the same period last year, the firm earned $1.72 earnings per share. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. On average, research analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts recently commented on TNL shares. Wells Fargo & Company increased their price objective on Travel + Leisure from $81.00 to $88.00 and gave the company an "overweight" rating in a research report on Thursday, February 19th. Barclays set a $78.00 target price on shares of Travel + Leisure in a research note on Thursday, February 19th. Stifel Nicolaus set a $89.00 price target on shares of Travel + Leisure in a research note on Wednesday, February 18th. Citigroup restated an "outperform" rating on shares of Travel + Leisure in a research report on Thursday, February 19th. Finally, Weiss Ratings downgraded shares of Travel + Leisure from a "buy (b)" rating to a "hold (c+)" rating in a research report on Friday, February 20th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.45.
Get Our Latest Analysis on TNL
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. bought a new stake in shares of Travel + Leisure in the 2nd quarter worth about $27,000. Danske Bank A S bought a new position in Travel + Leisure in the third quarter worth about $30,000. Parkside Financial Bank & Trust boosted its position in shares of Travel + Leisure by 155.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company's stock worth $32,000 after purchasing an additional 382 shares in the last quarter. CNB Bank purchased a new stake in shares of Travel + Leisure during the third quarter valued at $32,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Travel + Leisure in the fourth quarter worth $43,000. 87.54% of the stock is currently owned by institutional investors.
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.
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