Geoffrey Richards Sells 9,400 Shares of Travel + Leisure Co. (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 9,400 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.56, for a total value of $531,664.00. Following the transaction, the insider now owns 111,202 shares of the company’s stock, valued at approximately $6,289,585.12. This trade represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Geoffrey Richards also recently made the following trade(s):

• On Wednesday, November 13th, Geoffrey Richards sold 4,607 shares of Travel + Leisure stock. The shares were sold at an average price of $54.25, for a total transaction of $249,929.75.
• On Wednesday, November 6th, Geoffrey Richards sold 5,009 shares of Travel + Leisure stock. The stock was sold at an average price of $52.16, for a total transaction of $261,269.44.

Travel + Leisure Stock Performance

TNL stock opened at $55.38 on Friday. Travel + Leisure Co. has a 1 year low of $35.41 and a 1 year high of $56.91. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 0.80 and a beta of 1.61. The stock’s fifty day moving average is $48.96 and its two-hundred day moving average is $45.83.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm had revenue of $993.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted $1.54 EPS. Travel + Leisure’s quarterly revenue was up .7% compared to the same quarter last year. As a group, analysts predict that Travel + Leisure Co. will post 5.75 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Friday, December 13th. Travel + Leisure’s dividend payout ratio (DPR) is 33.96%.

Institutional Trading of Travel + Leisure

Several large investors have recently added to or reduced their stakes in the business. UMB Bank n.a. grew its stake in shares of Travel + Leisure by 1,948.1% in the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 526 shares in the last quarter. Versant Capital Management Inc bought a new position in Travel + Leisure in the 2nd quarter valued at about $27,000. Allspring Global Investments Holdings LLC increased its stake in Travel + Leisure by 2,759.1% during 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 period. Family Firm Inc. bought a new stake in Travel + Leisure during the second quarter worth approximately $31,000. Finally, Larson Financial Group LLC bought a new stake in shares of Travel + Leisure in the 2nd quarter worth $36,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TNL has been the subject of a number of research reports. Barclays lifted their price target on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Tigress Financial lifted their target price on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus upped their price target on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday. Truist Financial lifted their price objective on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, The Goldman Sachs Group increased their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $56.80.

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.