Travel + Leisure (NYSE:TNL) Director George Herrera Sells 559 Shares of Stock

Travel + Leisure Co. (NYSE:TNL) Director George Herrera sold 559 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $68.18, for a total value of $38,112.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Travel + Leisure Stock Up 0.2%

Shares of NYSE:TNL traded up $0.17 on Thursday, hitting $68.41. The company had a trading volume of 505,390 shares, compared to its average volume of 686,104. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $70.43. The firm’s 50-day simple moving average is $62.36 and its two-hundred day simple moving average is $58.19. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 11.25, a P/E/G ratio of 0.55 and a beta of 1.51.

Travel + Leisure (NYSE:TNL) last released 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. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business posted $1.57 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, December 12th. Travel + Leisure’s payout ratio is 36.84%.

Hedge Funds Weigh In On Travel + Leisure

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Travel + Leisure during the 2nd quarter valued at approximately $50,934,000. Nuveen LLC acquired a new stake in Travel + Leisure in the 1st quarter valued at about $41,114,000. AQR Capital Management LLC lifted its position in shares of Travel + Leisure by 46.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock worth $138,449,000 after purchasing an additional 855,151 shares during the last quarter. LSV Asset Management increased its stake 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 purchasing an additional 659,293 shares during the last quarter. Finally, Truist Financial Corp purchased a new position in shares of Travel + Leisure during the third quarter worth about $38,959,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on TNL shares. Mizuho set a $86.00 price objective on shares of Travel + Leisure in a research report on Wednesday, October 22nd. Morgan Stanley set a $68.00 price target on shares of Travel + Leisure in a research report on Wednesday, October 22nd. Wells Fargo & Company assumed coverage on shares of Travel + Leisure in a research note on Tuesday, November 18th. They set an “overweight” rating and a $74.00 target price on the stock. Truist Financial lifted their price target on shares of Travel + Leisure from $70.00 to $71.00 and gave the company a “buy” rating in a report on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travel + Leisure in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and a consensus price target of $70.60.

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.