Travel + Leisure Co. (NYSE:TNL) Insider Geoffrey Richards Sells 5,009 Shares

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 5,009 shares of Travel + Leisure stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total value of $261,269.44. Following the completion of the transaction, the insider now directly owns 125,209 shares of the company’s stock, valued at $6,530,901.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock traded up $2.25 during trading on Wednesday, reaching $52.15. 644,083 shares of the company’s stock were exchanged, compared to its average volume of 588,968. Travel + Leisure Co. has a 1-year low of $34.12 and a 1-year high of $53.25. The firm’s 50-day moving average price is $45.44 and its 200 day moving average price is $44.84. The company has a market cap of $3.57 billion, a P/E ratio of 8.47, a PEG ratio of 0.71 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm earned $1.54 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities research analysts predict that Travel + Leisure Co. will post 5.77 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.84%. Travel + Leisure’s payout ratio is presently 33.96%.

Hedge Funds Weigh In On Travel + Leisure

A number of institutional investors and hedge funds have recently bought and sold shares of TNL. UMB Bank n.a. grew its position in shares of Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after buying an additional 526 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Travel + Leisure in the 2nd quarter valued at about $27,000. Allspring Global Investments Holdings LLC grew its position in shares of Travel + Leisure by 2,759.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after buying an additional 607 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Travel + Leisure in the 2nd quarter valued at about $31,000. Finally, Larson Financial Group LLC bought a new stake in shares of Travel + Leisure in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Truist Financial dropped their price objective on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. lifted their price objective on Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Barclays lifted their price objective on Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Tigress Financial boosted their price target on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group boosted their price target on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.67.

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.