Travel + Leisure (NYSE:TNL) Insider Geoffrey Richards Sells 26,838 Shares

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 26,838 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $66.06, for a total transaction of $1,772,918.28. Following the completion of the transaction, the insider directly owned 112,777 shares in the company, valued at $7,450,048.62. This trade represents a 19.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, October 22nd, Geoffrey Richards sold 1,404 shares of Travel + Leisure stock. The shares were sold at an average price of $64.50, for a total transaction of $90,558.00.

Travel + Leisure Price Performance

NYSE TNL opened at $64.61 on Wednesday. The firm’s fifty day moving average price is $61.67 and its 200 day moving average price is $55.29. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 0.64 and a beta of 1.47. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $70.43.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, October 22nd. The company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.08. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $1.57 EPS. As a group, sell-side analysts forecast 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 Tuesday, September 30th. Investors of record on Friday, September 12th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, September 12th. Travel + Leisure’s dividend payout ratio (DPR) is 36.84%.

Institutional Trading of Travel + Leisure

A number of large investors have recently bought and sold shares of TNL. Allspring Global Investments Holdings LLC lifted its stake in shares of Travel + Leisure by 210.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 35,893 shares of the company’s stock worth $1,666,000 after acquiring an additional 24,329 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Travel + Leisure by 8.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company’s stock worth $46,039,000 after acquiring an additional 79,430 shares during the period. GAMMA Investing LLC lifted its stake in shares of Travel + Leisure by 26.6% in the 1st quarter. GAMMA Investing LLC now owns 2,044 shares of the company’s stock worth $95,000 after acquiring an additional 429 shares during the period. Cerity Partners LLC lifted its stake in shares of Travel + Leisure by 10.1% in the 1st quarter. Cerity Partners LLC now owns 21,529 shares of the company’s stock worth $997,000 after acquiring an additional 1,980 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Travel + Leisure by 4.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 208,929 shares of the company’s stock worth $9,671,000 after acquiring an additional 8,142 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TNL. JMP Securities increased their target price on shares of Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a research report on Thursday, October 23rd. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. Citigroup reiterated an “outperform” rating on shares of Travel + Leisure in a research note on Thursday, October 23rd. Finally, Mizuho set a $86.00 price target on shares of Travel + Leisure in a research note on Wednesday, October 22nd. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.90.

Travel + Leisure Company Profile

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.