Travel + Leisure Co. (NYSE:TNL) Insider Geoffrey Richards Sells 124,454 Shares

Key Points

• Geoffrey Richards, an insider at Travel + Leisure Co. (NYSE:TNL), sold a total of 124,454 shares on July 25th for approximately $7.79 million, representing a 51.18% decrease in his holdings.
• Following a recent quarter, Travel + Leisure reported earnings of $1.65 per share, missing estimates, while quarterly revenue increased by 3.4% year-over-year to reach $1.02 billion.
• The company's quarterly dividend of $0.56 was paid on June 30th, reflecting an annual yield of 3.56% with a payout ratio of 38.62%.

Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Geoffrey Richards sold 124,454 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $62.56, for a total value of $7,785,842.24. Following the sale, the insider owned 118,718 shares in the company, valued at approximately $7,426,998.08. This represents a 51.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, July 24th, Geoffrey Richards sold 4,703 shares of Travel + Leisure stock. The stock was sold at an average price of $62.50, for a total transaction of $293,937.50.
• On Wednesday, July 23rd, Geoffrey Richards sold 9,109 shares of Travel + Leisure stock. The stock was sold at an average price of $59.53, for a total transaction of $542,258.77.

Travel + Leisure Stock Performance

Shares of NYSE TNL traded up $0.24 during trading hours on Wednesday, hitting $62.80. 247,644 shares of the stock were exchanged, compared to its average volume of 695,551. The company's fifty day simple moving average is $52.97 and its two-hundred day simple moving average is $50.72. The company has a market cap of $4.08 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 0.60 and a beta of 1.38. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $63.31.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share for the quarter, missing analysts' consensus estimates of $1.66 by ($0.01). Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business earned $1.52 EPS. The business's quarterly revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, June 13th. Travel + Leisure's payout ratio is currently 38.62%.

Hedge Funds Weigh In On Travel + Leisure

Several large investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new position in Travel + Leisure during the second quarter worth $45,000. Chicago Partners Investment Group LLC bought a new position in Travel + Leisure during the second quarter worth $421,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Travel + Leisure during the second quarter worth $2,677,000. Foster & Motley Inc. raised its stake in Travel + Leisure by 31.3% during the second quarter. Foster & Motley Inc. now owns 144,091 shares of the company's stock worth $7,437,000 after buying an additional 34,375 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in Travel + Leisure by 121.0% during the second quarter. Ritholtz Wealth Management now owns 34,549 shares of the company's stock worth $1,783,000 after buying an additional 18,915 shares during the last quarter. Institutional investors own 87.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TNL. Morgan Stanley lowered their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. JMP Securities upped their price target on shares of Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of Travel + Leisure from a "hold" rating to a "buy" rating in a research note on Saturday. Barclays increased their price objective on Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a research report on Thursday, July 24th. Finally, Mizuho upgraded shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $63.00 to $72.00 in a research report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.30.

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.