Geoffrey Richards Sells 62,525 Shares of Travel + Leisure (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 62,525 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $65.17, for a total value of $4,074,754.25. Following the completion of the sale, the insider directly owned 39,604 shares in the company, valued at $2,580,992.68. This represents a 61.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, November 13th, Geoffrey Richards sold 4,992 shares of Travel + Leisure stock. The shares were sold at an average price of $65.00, for a total value of $324,480.00.
• On Wednesday, November 12th, Geoffrey Richards sold 4,556 shares of Travel + Leisure stock. The stock was sold at an average price of $65.00, for a total transaction of $296,140.00.
• On Wednesday, October 29th, Geoffrey Richards sold 1,100 shares of Travel + Leisure stock. The shares were sold at an average price of $65.00, for a total transaction of $71,500.00.
• 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 $68.58 on Monday. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.55 and a beta of 1.51. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $70.43. The company has a 50 day moving average price of $62.65 and a 200 day moving average price of $58.49.

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

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, December 12th. Travel + Leisure’s dividend payout ratio is currently 36.84%.

Analyst Upgrades and Downgrades

TNL has been the topic of a number of analyst reports. Mizuho set a $86.00 price target on Travel + Leisure in a research note on Wednesday, October 22nd. Truist Financial lifted their target price on shares of Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Wells Fargo & Company assumed coverage on shares of Travel + Leisure in a report on Tuesday, November 18th. They set an “overweight” rating and a $74.00 price target on the stock. The Goldman Sachs Group raised their price objective on shares of Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Travel + Leisure in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.60.

Institutional Investors Weigh In On Travel + Leisure

Several institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers raised its holdings in Travel + Leisure by 3.0% during the first quarter. Cetera Investment Advisers now owns 10,789 shares of the company’s stock valued at $499,000 after buying an additional 317 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Travel + Leisure by 39.6% during the 1st quarter. LPL Financial LLC now owns 53,010 shares of the company’s stock valued at $2,454,000 after acquiring an additional 15,027 shares during the last quarter. Vestcor Inc acquired a new position in shares of Travel + Leisure during the 1st quarter valued at about $219,000. Natixis Advisors LLC raised its stake in shares of Travel + Leisure by 20.3% in the 1st quarter. Natixis Advisors LLC now owns 15,195 shares of the company’s stock valued at $703,000 after acquiring an additional 2,569 shares in the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in Travel + Leisure in the 1st quarter worth approximately $262,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

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.