Travel + Leisure Co. (NYSE:TNL) Insider Sells $542,258.77 in Stock

Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Geoffrey Richards sold 9,109 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $59.53, for a total transaction of $542,258.77. Following the sale, the insider directly owned 27,004 shares of the company's stock, valued at $1,607,548.12. This represents a 25.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, July 25th, Geoffrey Richards sold 124,454 shares of Travel + Leisure stock. The shares were sold at an average price of $62.56, for a total transaction of $7,785,842.24.
• 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.

Travel + Leisure Stock Performance

NYSE:TNL traded down $0.30 during midday trading on Monday, reaching $62.88. 827,790 shares of the stock traded hands, compared to its average volume of 699,464. The stock has a market capitalization of $4.08 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 0.60 and a beta of 1.38. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $63.28. The business has a 50-day moving average of $52.47 and a two-hundred day moving average of $50.55.

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

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Friday, June 13th. Travel + Leisure's dividend payout ratio (DPR) is presently 38.62%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TNL. JMP Securities boosted their price target on Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a report on Thursday. Barclays set a $54.00 target price on Travel + Leisure and gave the stock an "underweight" rating in a report on Thursday. Morgan Stanley dropped their price target on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Mizuho upgraded Travel + Leisure from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $63.00 to $72.00 in a report on Thursday. Finally, Wall Street Zen raised shares of Travel + Leisure from a "hold" rating to a "buy" rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $62.30.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TNL. Raymond James Financial Inc. purchased a new stake in shares of Travel + Leisure during the fourth quarter valued at $3,850,000. HighTower Advisors LLC increased its holdings in shares of Travel + Leisure by 3.2% in the fourth quarter. HighTower Advisors LLC now owns 9,982 shares of the company's stock valued at $504,000 after purchasing an additional 314 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Travel + Leisure by 31.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,906 shares of the company's stock valued at $298,000 after purchasing an additional 1,397 shares during the last quarter. Xponance Inc. grew its position in Travel + Leisure by 4.0% during the 4th quarter. Xponance Inc. now owns 7,720 shares of the company's stock worth $389,000 after purchasing an additional 294 shares during the period. Finally, Teacher Retirement System of Texas raised its stake in shares of Travel + Leisure by 25.2% during the 4th quarter. Teacher Retirement System of Texas now owns 33,102 shares of the company's stock valued at $1,670,000 after buying an additional 6,663 shares during the last quarter. 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.