Travel + Leisure (NYSE:TNL) Insider Geoffrey Richards Sells 1,100 Shares of Stock

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 1,100 shares of Travel + Leisure stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $65.00, for a total transaction of $71,500.00. Following the completion of the transaction, the insider owned 111,677 shares in the company, valued at approximately $7,259,005. This trade represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, October 27th, Geoffrey Richards sold 26,838 shares of Travel + Leisure stock. The stock was sold at an average price of $66.06, for a total transaction of $1,772,918.28.
• On Wednesday, October 22nd, Geoffrey Richards sold 1,404 shares of Travel + Leisure stock. The stock was sold at an average price of $64.50, for a total transaction of $90,558.00.

Travel + Leisure Stock Performance

Shares of NYSE TNL opened at $62.73 on Friday. The firm has a market capitalization of $4.04 billion, a P/E ratio of 10.32, a PEG ratio of 0.55 and a beta of 1.47. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $70.43. The company’s fifty day moving average is $61.85 and its two-hundred day moving average is $55.65.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, October 22nd. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.72 by $0.08. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. On average, sell-side analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Friday, September 12th. Travel + Leisure’s payout ratio is presently 36.84%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TNL. Norges Bank acquired a new position in Travel + Leisure in the 2nd quarter valued at about $50,934,000. Nuveen LLC acquired a new position in Travel + Leisure in the 1st quarter valued at about $41,114,000. AQR Capital Management LLC raised its stake in Travel + Leisure by 46.8% in the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after purchasing an additional 855,151 shares during the last quarter. LSV Asset Management raised its stake in Travel + Leisure by 69.0% in the 2nd quarter. LSV Asset Management now owns 1,615,402 shares of the company’s stock valued at $83,371,000 after purchasing an additional 659,293 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in Travel + Leisure by 98.4% in the 2nd quarter. Quantinno Capital Management LP now owns 488,307 shares of the company’s stock valued at $25,202,000 after purchasing an additional 242,231 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on TNL. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Mizuho set a $86.00 price target on Travel + Leisure in a research note on Wednesday, October 22nd. Morgan Stanley set a $68.00 price target on Travel + Leisure in a research note on Wednesday, October 22nd. JMP Securities lifted their price target on Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 23rd. Finally, The Goldman Sachs Group lifted their price target on Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and an average target price of $69.90.

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.