Key Points
- Insider sale: Michael Dean Brown sold 200 Travel + Leisure shares at $79 each for $15,800 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 0.04% while retaining 487,303 shares.
- Financial performance and dividend: The company matched quarterly EPS expectations at $1.88 and exceeded revenue estimates with $1.06 billion, up 4.4% year over year. Travel + Leisure declared a $0.60 quarterly dividend, equivalent to a 3.3% annual yield.
- Analyst sentiment remains positive: Analysts assign the stock an average “Buy” rating with an $86.90 price target, while institutional investors own 87.54% of outstanding shares.
Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Michael Dean Brown sold 200 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $79.00, for a total transaction of $15,800.00. Following the sale, the insider owned 487,303 shares in the company, valued at approximately $38,496,937. The trade was a 0.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Travel + Leisure Price Performance
Shares of NYSE:TNL opened at $73.38 on Tuesday. The company has a market capitalization of $4.49 billion, a P/E ratio of 20.05, a P/E/G ratio of 0.52 and a beta of 1.17. Travel + Leisure Co. has a 1-year low of $57.78 and a 1-year high of $81.00. The firm's 50 day simple moving average is $74.88 and its two-hundred day simple moving average is $71.93.
Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.88. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.65 earnings per share. On average, sell-side analysts anticipate that Travel + Leisure Co. will post 7.68 earnings per share for the current fiscal year.
Travel + Leisure Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Wednesday, September 16th. Travel + Leisure's dividend payout ratio is presently 65.57%.
Analysts Set New Price Targets
TNL has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Travel + Leisure from $87.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Zacks Research raised Travel + Leisure from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 21st. Mizuho upped their price target on Travel + Leisure from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Travel + Leisure in a report on Tuesday, July 21st. Finally, Wall Street Zen cut shares of Travel + Leisure from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $86.90.
Read Our Latest Analysis on Travel + Leisure
Institutional Trading of Travel + Leisure
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Travel + Leisure during the 2nd quarter worth approximately $543,957,000. Invesco Ltd. grew its holdings in shares of Travel + Leisure by 4.2% in the fourth quarter. Invesco Ltd. now owns 3,632,657 shares of the company's stock valued at $256,211,000 after purchasing an additional 146,484 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Travel + Leisure by 46.8% in the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company's stock valued at $138,449,000 after purchasing an additional 855,151 shares in the last quarter. LSV Asset Management increased its position in Travel + Leisure by 1.1% in the fourth quarter. LSV Asset Management now owns 1,612,657 shares of the company's stock worth $113,741,000 after purchasing an additional 17,377 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in Travel + Leisure by 21.7% in the first quarter. Quantinno Capital Management LP now owns 1,305,515 shares of the company's stock worth $90,329,000 after purchasing an additional 232,711 shares during the last quarter. Institutional investors own 87.54% of the company's stock.
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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