Michael Dean Brown Sells 66,860 Shares of Travel + Leisure (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown sold 66,860 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $74.03, for a total value of $4,949,645.80. Following the sale, the insider owned 427,821 shares of the company’s stock, valued at approximately $31,671,588.63. The trade was a 13.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Michael Dean Brown also recently made the following trade(s):

• On Tuesday, February 24th, Michael Dean Brown sold 25,938 shares of Travel + Leisure stock. The shares were sold at an average price of $74.85, for a total transaction of $1,941,459.30.

Travel + Leisure Trading Up 2.1%

TNL stock opened at $77.13 on Friday. The company’s 50 day moving average is $72.57 and its two-hundred day moving average is $66.55. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $81.00. The stock has a market cap of $4.81 billion, a P/E ratio of 22.62, a PEG ratio of 0.58 and a beta of 1.38.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, February 18th. The company reported $1.83 EPS for the quarter, meeting analysts’ consensus estimates of $1.83. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the firm posted $1.72 EPS. The company’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TNL. Hillsdale Investment Management Inc. acquired a new stake in shares of Travel + Leisure during the second quarter worth $27,000. Danske Bank A S purchased a new position in Travel + Leisure during the 3rd quarter worth $30,000. Parkside Financial Bank & Trust lifted its stake in shares of Travel + Leisure by 155.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock worth $32,000 after acquiring an additional 382 shares during the period. CNB Bank purchased a new stake in shares of Travel + Leisure in the third quarter valued at about $32,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Travel + Leisure in the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TNL. Citizens Jmp boosted their target price on Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a report on Thursday, February 19th. Citigroup reiterated an “outperform” rating on shares of Travel + Leisure in a research note on Thursday, February 19th. Oppenheimer restated an “outperform” rating and set a $85.00 target price on shares of Travel + Leisure in a research report on Wednesday, February 18th. Stifel Nicolaus set a $89.00 target price on shares of Travel + Leisure in a report on Wednesday, February 18th. Finally, Truist Financial upped their price target on shares of Travel + Leisure from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.45.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.