Insider Buying: Travel + Leisure Co. (NYSE:TNL) Insider Buys 1,500 Shares of Stock

Key Points

• Michael Dean Brown, an insider at Travel + Leisure Co., purchased 1,500 shares at an average cost of $58.39, increasing his holdings to 427,821 shares valued at approximately $24.98 million.
• Travel + Leisure reported a net revenue of $1.02 billion for the last quarter, slightly exceeding analysts' expectations, but missed EPS estimates with a reported $1.65.
• Several hedge funds, including Invesco and AQR Capital Management, have significantly increased their positions in Travel + Leisure, contributing to institutional investors owning over 87% of the company's stock.

Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Michael Dean Brown bought 1,500 shares of the stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $58.39 per share, with a total value of $87,585.00. Following the completion of the purchase, the insider directly owned 427,821 shares of the company's stock, valued at approximately $24,980,468.19. This trade represents a 0.35% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Travel + Leisure Stock Performance

Travel + Leisure stock traded down $0.67 during trading on Tuesday, reaching $58.74. The company had a trading volume of 228,098 shares, compared to its average volume of 699,520. The firm's 50-day simple moving average is $53.91 and its 200 day simple moving average is $50.94. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $63.31. The firm has a market capitalization of $3.81 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 0.56 and a beta of 1.43.

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

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.56 per share. The ex-dividend date was Friday, June 13th. This represents a $2.24 annualized dividend and a yield of 3.8%. Travel + Leisure's payout ratio is presently 38.62%.

Institutional Investors Weigh In On Travel + Leisure

Several institutional investors have recently added to or reduced their stakes in TNL. Parallel Advisors LLC lifted its holdings in shares of Travel + Leisure by 17.8% during the second quarter. Parallel Advisors LLC now owns 1,202 shares of the company's stock valued at $62,000 after purchasing an additional 182 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Travel + Leisure by 1.0% in the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock valued at $986,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC boosted its position in shares of Travel + Leisure by 10.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock valued at $117,000 after purchasing an additional 220 shares during the period. Capital Analysts LLC boosted its position in shares of Travel + Leisure by 16.8% in the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock valued at $80,000 after purchasing an additional 227 shares during the period. Finally, KBC Group NV boosted its position in shares of Travel + Leisure by 8.1% in the 1st quarter. KBC Group NV now owns 3,128 shares of the company's stock valued at $145,000 after purchasing an additional 235 shares during the period. Hedge funds and other institutional investors own 87.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TNL. JMP Securities upped their price objective on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 24th. Morgan Stanley lowered their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Barclays increased their price target on shares of Travel + Leisure from $39.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, July 24th. Mizuho raised shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and increased their price target for the company from $63.00 to $72.00 in a research report on Thursday, July 24th. Finally, Wall Street Zen raised shares of Travel + Leisure from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.