Travel + Leisure Co. (NYSE:TNL) Director George Herrera Sells 834 Shares

Travel + Leisure Co. (NYSE:TNL) Director George Herrera sold 834 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $38.09, for a total value of $31,767.06. Following the transaction, the director now directly owns 5,838 shares of the company’s stock, valued at $222,369.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Travel + Leisure Price Performance

Shares of NYSE:TNL opened at $37.94 on Tuesday. The company has a market capitalization of $2.80 billion, a P/E ratio of 8.32, a P/E/G ratio of 0.49 and a beta of 1.68. Travel + Leisure Co. has a 1 year low of $33.57 and a 1 year high of $44.99. The business’s 50 day simple moving average is $40.50 and its 200 day simple moving average is $39.33.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.01. The business had revenue of $949.00 million for the quarter, compared to the consensus estimate of $952.77 million. Travel + Leisure had a negative return on equity of 40.25% and a net margin of 9.93%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.27 earnings per share. On average, sell-side analysts anticipate that Travel + Leisure Co. will post 5.29 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date is Thursday, September 14th. Travel + Leisure’s dividend payout ratio is currently 39.47%.

Institutional Investors Weigh In On Travel + Leisure

A number of large investors have recently modified their holdings of TNL. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Travel + Leisure in the 1st quarter valued at $25,000. North Star Investment Management Corp. acquired a new stake in shares of Travel + Leisure in the 1st quarter valued at $27,000. Penserra Capital Management LLC acquired a new stake in shares of Travel + Leisure in the 1st quarter valued at $31,000. Lazard Asset Management LLC acquired a new stake in shares of Travel + Leisure in the 1st quarter valued at $34,000. Finally, Belpointe Asset Management LLC acquired a new stake in shares of Travel + Leisure in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TNL. Barclays dropped their target price on Travel + Leisure from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Thursday, July 27th. TheStreet upgraded Travel + Leisure from a “c” rating to a “b-” rating in a report on Wednesday, July 26th. Tigress Financial initiated coverage on Travel + Leisure in a research note on Thursday, August 24th. They issued a “buy” rating and a $52.00 price objective on the stock. Finally, Truist Financial dropped their price objective on Travel + Leisure from $67.00 to $66.00 and set a “buy” rating on the stock in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $50.00.

About Travel + Leisure

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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.