Travel + Leisure (NYSE:TNL) Insider Geoffrey Richards Sells 1,404 Shares

Key Points

• Geoffrey Richards, an insider at Travel + Leisure Co., sold 1,404 shares of stock for a total of $90,558, resulting in a 1.00% decrease in his ownership of the company.
• Travel + Leisure Co. reported quarterly earnings of $1.80 EPS, surpassing analysts' expectations of $1.72, and had a 5.1% year-over-year revenue increase with a total revenue of $1.04 billion.
• The company declared a quarterly dividend of $0.56 per share, with an annualized yield of 3.4% and a payout ratio of 38.62%.

Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Geoffrey Richards sold 1,404 shares of the company's stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $64.50, for a total value of $90,558.00. Following the completion of the transaction, the insider owned 139,615 shares in the company, valued at $9,005,167.50. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 value of $7,785,842.24.

Travel + Leisure Price Performance

TNL traded down $4.71 during trading hours on Thursday, reaching $65.20. The company's stock had a trading volume of 1,637,110 shares, compared to its average volume of 691,000. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $70.43. The stock has a market cap of $4.23 billion, a PE ratio of 11.24, a P/E/G ratio of 0.59 and a beta of 1.47. The business's 50-day moving average is $61.28 and its 200-day moving average is $54.43.

Travel + Leisure (NYSE:TNL - Get Free Report) last released 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. Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%.The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the prior year, the firm posted $1.57 earnings per share. The firm's quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, September 12th. Travel + Leisure's dividend payout ratio is 38.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Weiss Ratings restated a "buy (b)" rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. Barclays upped their price target on Travel + Leisure from $54.00 to $63.00 and gave the stock an "underweight" rating in a research note on Thursday. Citigroup restated an "outperform" rating on shares of Travel + Leisure in a research note on Thursday. Mizuho set a $86.00 price target on Travel + Leisure in a research note on Wednesday. Finally, The Goldman Sachs Group upped their price target on Travel + Leisure from $61.00 to $71.00 and gave the stock a "neutral" rating in a research note on Thursday. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.90.

Institutional Trading of Travel + Leisure

Several hedge funds have recently modified their holdings of TNL. Norges Bank acquired a new stake in shares of Travel + Leisure in the second quarter valued at $50,934,000. Nuveen LLC purchased a new position in Travel + Leisure in the first quarter valued at $41,114,000. AQR Capital Management LLC increased its holdings in Travel + Leisure by 46.8% in the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company's stock valued at $138,449,000 after buying an additional 855,151 shares during the last quarter. LSV Asset Management increased its holdings in Travel + Leisure by 69.0% in the second quarter. LSV Asset Management now owns 1,615,402 shares of the company's stock valued at $83,371,000 after buying an additional 659,293 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Travel + Leisure by 98.4% in the second quarter. Quantinno Capital Management LP now owns 488,307 shares of the company's stock valued at $25,202,000 after buying an additional 242,231 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.