Travel + Leisure (NYSE:TNL) Director Sells $37,580.00 in Stock

Travel + Leisure Co. (NYSE:TNL) Director George Herrera sold 500 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the completion of the sale, the director owned 1,353 shares of the company’s stock, valued at $101,691.48. This trade represents a 26.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Travel + Leisure Price Performance

TNL traded up $2.12 during trading on Wednesday, hitting $77.26. The stock had a trading volume of 238,521 shares, compared to its average volume of 763,945. The company has a 50 day moving average price of $69.28 and a 200-day moving average price of $70.79. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 0.57 and a beta of 1.17. Travel + Leisure Co. has a one year low of $47.74 and a one year high of $81.00.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.14. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The business had revenue of $961.00 million during the quarter, compared to the consensus estimate of $954.81 million. During the same period in the prior year, the company earned $1.11 EPS. Travel + Leisure’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, sell-side analysts predict that Travel + Leisure Co. will post 7.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, June 12th. Travel + Leisure’s dividend payout ratio is currently 67.42%.

Analyst Ratings Changes

A number of brokerages have issued reports on TNL. Wells Fargo & Company lowered their target price on Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $90.00 target price on shares of Travel + Leisure in a report on Friday, February 20th. Mizuho lowered their target price on Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Weiss Ratings raised Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Finally, Citizens Jmp upped their target price on Travel + Leisure from $80.00 to $90.00 and gave the stock a “market outperform” rating in a report on Thursday, February 19th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.40.

Institutional Investors Weigh In On Travel + Leisure

Several institutional investors and hedge funds have recently made changes to their positions in TNL. Norges Bank acquired a new stake in shares of Travel + Leisure in the fourth quarter valued at about $62,162,000. AQR Capital Management LLC increased its stake 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 buying an additional 855,151 shares during the period. Jupiter Asset Management Ltd. increased its stake in shares of Travel + Leisure by 13,198.4% in the third quarter. Jupiter Asset Management Ltd. now owns 521,031 shares of the company’s stock valued at $30,996,000 after buying an additional 517,113 shares during the period. Gotham Asset Management LLC increased its stake in shares of Travel + Leisure by 139.2% in the fourth quarter. Gotham Asset Management LLC now owns 631,336 shares of the company’s stock valued at $44,528,000 after buying an additional 367,356 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Travel + Leisure by 68.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 885,105 shares of the company’s stock valued at $62,427,000 after buying an additional 359,186 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Company Profile

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.