Key Points
- Travel + Leisure CAO Thomas Michael Duncan sold 20,000 shares at an average price of $74.16, generating $1.48 million and reducing his ownership by 79.03% to 5,307 shares.
- The company reported quarterly EPS of $1.88, matching estimates, while revenue of $1.06 billion exceeded forecasts and rose 4.4% year over year.
- Travel + Leisure declared a quarterly dividend of $0.60 per share, equivalent to $2.40 annually and a 3.3% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $87.82.
Travel + Leisure Co. (NYSE:TNL - Get Free Report) CAO Thomas Michael Duncan sold 20,000 shares of the firm's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $74.16, for a total value of $1,483,200.00. Following the transaction, the chief accounting officer owned 5,307 shares in the company, valued at approximately $393,567.12. This trade represents a 79.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Travel + Leisure Price Performance
TNL opened at $71.79 on Friday. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 0.50 and a beta of 1.17. The firm's fifty day moving average price is $74.95 and its two-hundred day moving average price is $72.16. Travel + Leisure Co. has a 1 year low of $58.07 and a 1 year high of $81.00.
Travel + Leisure (NYSE:TNL - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.88. The firm had revenue of $1.06 billion during 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 business's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.65 EPS. As a group, equities analysts anticipate that Travel + Leisure Co. will post 7.7 EPS for the current year.
Travel + Leisure Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 16th. Travel + Leisure's dividend payout ratio is presently 65.57%.
Institutional Investors Weigh In On Travel + Leisure
Large investors have recently modified their holdings of the stock. Baron Wealth Management LLC raised its holdings in shares of Travel + Leisure by 2.8% in the 1st quarter. Baron Wealth Management LLC now owns 4,953 shares of the company's stock worth $343,000 after purchasing an additional 133 shares during the period. Diversified Trust Co increased its holdings in Travel + Leisure by 0.7% in the 1st quarter. Diversified Trust Co now owns 19,393 shares of the company's stock worth $1,342,000 after acquiring an additional 137 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Travel + Leisure by 2.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company's stock valued at $408,000 after purchasing an additional 148 shares during the last quarter. Evolve Private Wealth LLC boosted its holdings in Travel + Leisure by 1.7% in the 1st quarter. Evolve Private Wealth LLC now owns 9,270 shares of the company's stock worth $641,000 after buying an additional 156 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Travel + Leisure by 19.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company's stock valued at $59,000 after acquiring an additional 189 shares during the period. Hedge funds and other institutional investors own 87.54% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Travel + Leisure from $83.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 18th. Zacks Research downgraded Travel + Leisure from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 19th. Barclays lifted their price target on Travel + Leisure from $74.00 to $77.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. Citigroup reissued a "market outperform" rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Finally, Mizuho upped their price objective on Travel + Leisure from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $87.82.
Read Our Latest Analysis on Travel + Leisure
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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