Travel + Leisure Co. (NYSE:TNL) Director Sells $276,100.00 in Stock

Travel + Leisure Co. (NYSE:TNL) Director Denny Marie Post sold 5,500 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $50.20, for a total value of $276,100.00. Following the sale, the director now directly owns 4,477 shares in the company, valued at $224,745.40. This trade represents a 55.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Travel + Leisure Stock Performance

NYSE TNL opened at $51.16 on Wednesday. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $58.95. The firm has a market cap of $3.40 billion, a PE ratio of 8.76, a P/E/G ratio of 0.67 and a beta of 1.41. The firm’s fifty day moving average is $45.35 and its two-hundred day moving average is $50.56.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.01. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm had revenue of $934.00 million for the quarter, compared to analysts’ expectations of $933.08 million. During the same quarter in the previous year, the firm posted $0.97 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Monday, March 17th. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio is 37.40%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Mizuho reiterated a “neutral” rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Barclays decreased their price objective on shares of Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating for the company in a research note on Thursday, April 24th. Morgan Stanley cut their target price on Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Tigress Financial boosted their target price on Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.20.

Institutional Investors Weigh In On Travel + Leisure

Several hedge funds have recently modified their holdings of TNL. Invesco Ltd. increased its stake in Travel + Leisure by 4.8% in the 4th quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock valued at $178,822,000 after buying an additional 163,804 shares during the period. Copeland Capital Management LLC increased its stake in shares of Travel + Leisure by 0.8% during the fourth quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company’s stock worth $78,984,000 after acquiring an additional 12,111 shares during the period. AQR Capital Management LLC increased its stake in shares of Travel + Leisure by 4.3% during the fourth quarter. AQR Capital Management LLC now owns 1,424,035 shares of the company’s stock worth $71,358,000 after acquiring an additional 58,944 shares during the period. Northern Trust Corp raised its holdings in Travel + Leisure by 3.3% during the first quarter. Northern Trust Corp now owns 1,071,318 shares of the company’s stock worth $49,591,000 after purchasing an additional 34,615 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Travel + Leisure by 8.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company’s stock valued at $46,039,000 after purchasing an additional 79,430 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

About Travel + Leisure

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.