Key Points
- Director George Herrera sold 1,214 shares on March 17 at an average of $70.48 and 1,748 shares on March 18 at $70.31 (totaling 2,962 shares), cutting his stake by 25.21% to 3,601 shares valued at about $253,798.
- Travel + Leisure raised its quarterly dividend to $0.60 (annualized $2.40) for a ~3.4% yield; the ex-dividend date is March 20 and the payment date is March 31.
- The company reported $1.83 EPS (in line with estimates) and $1.03B revenue (+5.7% YoY), and analysts show a consensus "Moderate Buy" with an average price target of $85.90.
Travel + Leisure Co. (NYSE:TNL - Get Free Report) Director George Herrera sold 1,214 shares of Travel + Leisure stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $70.48, for a total transaction of $85,562.72. Following the completion of the transaction, the director owned 3,601 shares in the company, valued at approximately $253,798.48. This trade represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
George Herrera also recently made the following trade(s):
- On Wednesday, March 18th, George Herrera sold 1,748 shares of Travel + Leisure stock. The shares were sold at an average price of $70.31, for a total transaction of $122,901.88.
Travel + Leisure Stock Performance
Travel + Leisure stock traded up $0.19 during trading hours on Thursday, reaching $70.65. 10,677 shares of the stock were exchanged, compared to its average volume of 634,837. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $81.00. The stock has a market cap of $4.41 billion, a P/E ratio of 20.67, a P/E/G ratio of 0.53 and a beta of 1.32. The firm's 50 day moving average is $72.45 and its 200 day moving average is $67.66.
Travel + Leisure (NYSE:TNL - Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share for the quarter, meeting 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 business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm earned $1.72 earnings per share. The business's quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.
Travel + Leisure Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be issued a dividend of $0.60 per share. This is a boost from Travel + Leisure's previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, March 20th. Travel + Leisure's dividend payout ratio is currently 65.69%.
Institutional Investors Weigh In On Travel + Leisure
Several institutional investors and hedge funds have recently made changes to their positions in TNL. Hillsdale Investment Management Inc. acquired a new stake in Travel + Leisure in the 2nd quarter valued at about $27,000. Danske Bank A S acquired a new position in Travel + Leisure during the third quarter worth about $30,000. CNB Bank purchased a new stake in shares of Travel + Leisure in the third quarter valued at about $32,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Travel + Leisure in the fourth quarter valued at approximately $43,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Travel + Leisure by 293.0% in the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company's stock valued at $44,000 after purchasing an additional 715 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have recently issued reports on TNL. Weiss Ratings downgraded shares of Travel + Leisure from a "buy (b)" rating to a "hold (c+)" rating in a report on Friday, February 20th. Citizens Jmp boosted their price objective on shares of Travel + Leisure from $80.00 to $90.00 and gave the stock a "market outperform" rating in a report on Thursday, February 19th. Wells Fargo & Company upped their target price on shares of Travel + Leisure from $81.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday, February 19th. The Goldman Sachs Group increased their target price on shares of Travel + Leisure from $71.00 to $81.00 and gave the company a "neutral" rating in a report on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $90.00 price target on shares of Travel + Leisure in a research note on Friday, February 20th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $85.90.
View Our Latest Report on TNL
About Travel + Leisure
(
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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