Key Points
- Travel + Leisure insider Kimberly Marshall sold 28,000 shares on June 4 at an average price of $70.17, for total proceeds of about $1.96 million. After the sale, Marshall still directly owned 33,191 shares.
- The company recently reported better-than-expected quarterly earnings, posting $1.45 EPS versus the $1.31 consensus estimate, with revenue of $961 million topping forecasts as well.
- Travel + Leisure also announced a quarterly dividend of $0.60 per share, payable June 30, implying a 3.4% yield. Analysts remain generally positive, with a consensus rating of “Moderate Buy” and an average price target of $85.40.
Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Kimberly Marshall sold 28,000 shares of Travel + Leisure stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $70.17, for a total transaction of $1,964,760.00. Following the completion of the sale, the insider directly owned 33,191 shares of the company's stock, valued at $2,329,012.47. The trade was a 45.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Travel + Leisure Stock Performance
TNL stock opened at $71.20 on Tuesday. The stock has a market capitalization of $4.44 billion, a P/E ratio of 20.00, a PEG ratio of 0.55 and a beta of 1.17. Travel + Leisure Co. has a one year low of $47.61 and a one year high of $81.00. The company has a 50 day moving average price of $68.83 and a two-hundred day moving average price of $70.44.
Travel + Leisure (NYSE:TNL - Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.31 by $0.14. The firm had revenue of $961.00 million during the quarter, compared to analysts' expectations of $954.81 million. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. Travel + Leisure's revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 EPS. Research analysts forecast that Travel + Leisure Co. will post 7.46 earnings per share for the current fiscal year.
Travel + Leisure Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, June 12th. Travel + Leisure's payout ratio is presently 67.42%.
Analyst Upgrades and Downgrades
Several analysts have commented on TNL shares. Wells Fargo & Company lowered their target price on shares of Travel + Leisure from $88.00 to $87.00 and set an "overweight" rating for the company in a research note on Thursday, April 23rd. Oppenheimer reaffirmed an "outperform" rating and issued a $85.00 target price on shares of Travel + Leisure in a research note on Wednesday, February 18th. The Goldman Sachs Group raised shares of Travel + Leisure from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a research note on Monday, June 1st. Mizuho lowered their price objective on shares of Travel + Leisure from $107.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, April 23rd. Finally, Morgan Stanley lowered their price objective on shares of Travel + Leisure from $80.00 to $78.00 and set an "overweight" rating for the company in a research note on Tuesday, May 12th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Travel + Leisure currently has a consensus rating of "Moderate Buy" and an average price target of $85.40.
Read Our Latest Stock Report on TNL
Institutional Trading of Travel + Leisure
Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its holdings in shares of Travel + Leisure by 231.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company's stock valued at $41,143,000 after acquiring an additional 482,731 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Travel + Leisure by 15.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 354,598 shares of the company's stock valued at $21,096,000 after acquiring an additional 47,170 shares in the last quarter. Compass Wealth Management LLC acquired a new position in shares of Travel + Leisure during the 3rd quarter valued at $1,707,000. ING Groep NV lifted its holdings in shares of Travel + Leisure by 115.0% during the 3rd quarter. ING Groep NV now owns 63,000 shares of the company's stock valued at $3,748,000 after acquiring an additional 33,700 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Travel + Leisure during the 4th quarter valued at $11,657,000. 87.54% of the stock is owned by hedge funds and other institutional investors.
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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