Key Points
- Travel + Leisure director Denny Marie Post sold 2,500 shares on May 14 at an average price of $63.83, totaling about $159,575. After the transaction, she still held 1,977 shares, a 55.84% reduction in ownership.
- The company recently beat quarterly earnings expectations, reporting EPS of $1.45 versus the $1.31 consensus, and revenue of $961 million versus expectations of $954.81 million. Quarterly revenue rose 2.9% year over year.
- Travel + Leisure raised its dividend to $0.60 per share quarterly, or $2.40 annualized, for a yield of 3.8%. Analysts remain mostly positive, with a consensus rating of Moderate Buy and an average price target of $85.00.
Travel + Leisure Co. (NYSE:TNL - Get Free Report) Director Denny Marie Post sold 2,500 shares of the firm's stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $63.83, for a total value of $159,575.00. Following the completion of the sale, the director owned 1,977 shares in the company, valued at $126,191.91. The trade was a 55.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Travel + Leisure Stock Performance
TNL stock opened at $62.57 on Friday. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 0.49 and a beta of 1.17. Travel + Leisure Co. has a 1 year low of $46.75 and a 1 year high of $81.00. The stock's fifty day moving average is $69.85 and its two-hundred day moving average is $69.91.
Travel + Leisure (NYSE:TNL - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.14. The company had revenue of $961.00 million for the quarter, compared to analysts' expectations of $954.81 million. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The firm's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business posted $1.11 earnings per share. As a group, analysts predict that Travel + Leisure Co. will post 7.46 EPS for the current fiscal year.
Travel + Leisure Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.8%. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, March 20th. Travel + Leisure's dividend payout ratio is 67.42%.
Wall Street Analysts Forecast Growth
TNL has been the topic of a number of research analyst reports. Wall Street Zen lowered Travel + Leisure from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Citigroup reissued an "outperform" rating on shares of Travel + Leisure in a report on Thursday, February 19th. Morgan Stanley lowered their price target on Travel + Leisure from $80.00 to $78.00 and set an "overweight" rating on the stock in a report on Tuesday. Oppenheimer reissued an "outperform" rating and set a $85.00 price target on shares of Travel + Leisure in a report on Wednesday, February 18th. Finally, Weiss Ratings raised Travel + Leisure from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, April 24th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Travel + Leisure presently has an average rating of "Moderate Buy" and an average target price of $85.00.
Get Our Latest Analysis on TNL
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in Travel + Leisure by 231.1% during the third quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company's stock worth $41,143,000 after acquiring an additional 482,731 shares during the period. JPMorgan Chase & Co. grew its holdings in Travel + Leisure by 15.3% during the third quarter. JPMorgan Chase & Co. now owns 354,598 shares of the company's stock worth $21,096,000 after acquiring an additional 47,170 shares during the period. Compass Wealth Management LLC acquired a new position in Travel + Leisure during the third quarter worth about $1,707,000. ING Groep NV grew its holdings in Travel + Leisure by 115.0% during the third quarter. ING Groep NV now owns 63,000 shares of the company's stock worth $3,748,000 after acquiring an additional 33,700 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Travel + Leisure during the fourth quarter worth about $11,657,000. 87.54% of the stock is owned by institutional investors and hedge funds.
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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