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 company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the completion of the sale, the insider now directly owns 111,202 shares of the company’s stock, valued at approximately $6,289,585.12. This represents a 7.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

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

Travel + Leisure Stock Down 0.2 %

NYSE:TNL opened at $55.38 on Thursday. Travel + Leisure Co. has a twelve month low of $35.41 and a twelve month high of $56.91. The stock has a market cap of $3.79 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 0.80 and a beta of 1.61. The firm’s fifty day simple moving average is $48.71 and its 200 day simple moving average is $45.76.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) 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 company had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the company earned $1.54 earnings per share. Travel + Leisure’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts expect that Travel + Leisure Co. will post 5.77 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

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

Institutional Investors Weigh In On Travel + Leisure

Several hedge funds have recently made changes to their positions in the company. Quest Partners LLC lifted its position in Travel + Leisure by 1,474.2% during the second quarter. Quest Partners LLC now owns 22,181 shares of the company’s stock valued at $998,000 after buying an additional 20,772 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Travel + Leisure by 125.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company’s stock worth $2,393,000 after acquiring an additional 29,656 shares in the last quarter. Versor Investments LP lifted its position in Travel + Leisure by 45.4% during the 3rd quarter. Versor Investments LP now owns 40,290 shares of the company’s stock valued at $1,857,000 after acquiring an additional 12,585 shares during the period. Hancock Whitney Corp bought a new stake in Travel + Leisure during the second quarter worth about $1,925,000. Finally, International Assets Investment Management LLC grew its holdings in Travel + Leisure by 4,532.8% in the third quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock worth $248,000 after purchasing an additional 5,258 shares during the period. 87.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TNL has been the subject of several analyst reports. Stifel Nicolaus upped their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays increased their target price on Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Truist Financial lifted their price target on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday. Tigress Financial increased their price objective on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group raised 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 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.80.

Travel + Leisure Company Profile

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.