Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Kimberly Marshall sold 32,691 shares of Travel + Leisure stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total value of $2,451,825.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Kimberly Marshall also recently made the following trade(s):
- On Thursday, June 4th, Kimberly Marshall sold 28,000 shares of Travel + Leisure stock. The stock was sold at an average price of $70.17, for a total transaction of $1,964,760.00.
Travel + Leisure Stock Performance
TNL opened at $78.39 on Wednesday. The firm has a market cap of $4.80 billion, a P/E ratio of 21.42, a PEG ratio of 0.57 and a beta of 1.16. The firm has a 50-day moving average of $73.12 and a 200 day moving average of $71.73. Travel + Leisure Co. has a fifty-two week low of $56.66 and a fifty-two week high of $81.00.
Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, hitting the consensus estimate of $1.88. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 earnings per share. Equities research analysts predict that Travel + Leisure Co. will post 7.58 earnings per share for the current fiscal year.
Travel + Leisure Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, June 12th. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. Travel + Leisure's dividend payout ratio (DPR) is presently 65.57%.
Hedge Funds Weigh In On Travel + Leisure
Several large investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Travel + Leisure by 360.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 14,004 shares of the company's stock valued at $1,070,000 after buying an additional 10,964 shares in the last quarter. Elevation Wealth Partners LLC boosted its holdings in Travel + Leisure by 413.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 462 shares of the company's stock worth $35,000 after buying an additional 372 shares during the period. Bank of America Corp DE grew its stake in Travel + Leisure by 4.7% in the 1st quarter. Bank of America Corp DE now owns 204,503 shares of the company's stock valued at $14,150,000 after buying an additional 9,193 shares in the last quarter. Edgestream Partners L.P. grew its stake in Travel + Leisure by 30.9% in the 1st quarter. Edgestream Partners L.P. now owns 135,102 shares of the company's stock valued at $9,348,000 after buying an additional 31,897 shares in the last quarter. Finally, Bull Harbor Capital LLC bought a new stake in Travel + Leisure during the 1st quarter valued at $286,000. Hedge funds and other institutional investors own 87.54% of the company's stock.
Analyst Upgrades and Downgrades
TNL has been the topic of a number of research reports. Zacks Research raised shares of Travel + Leisure from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 21st. Citigroup reissued a "market outperform" rating on shares of Travel + Leisure in a report on Thursday, July 23rd. Wells Fargo & Company raised their target price on Travel + Leisure from $87.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Mizuho boosted their target price on Travel + Leisure from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Finally, Barclays upped their price target on Travel + Leisure from $74.00 to $77.00 and gave the company an "equal weight" rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $86.90.
Check Out Our Latest Analysis 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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