Travel + Leisure Co. (NYSE:TNL) Director Sells $296,524.80 in Stock

Travel + Leisure Co. (NYSE:TNL) Director George Herrera sold 6,336 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the transaction, the director now owns 2,759 shares of the company’s stock, valued at $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Travel + Leisure Stock Up 0.0 %

TNL traded up $0.01 on Thursday, reaching $48.02. The company had a trading volume of 181,226 shares, compared to its average volume of 576,071. Travel + Leisure Co. has a 1 year low of $39.91 and a 1 year high of $58.95. The stock has a market capitalization of $3.20 billion, a PE ratio of 8.21, a P/E/G ratio of 0.67 and a beta of 1.61. The stock has a 50-day moving average price of $53.50 and a 200-day moving average price of $50.70.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The company had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.98 earnings per share. As a group, analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.56 per share. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Monday, March 17th. Travel + Leisure’s dividend payout ratio (DPR) is presently 38.36%.

Institutional Investors Weigh In On Travel + Leisure

A number of institutional investors and hedge funds have recently made changes to their positions in TNL. Barclays PLC raised its stake in Travel + Leisure by 80.4% during the 3rd quarter. Barclays PLC now owns 225,326 shares of the company’s stock valued at $10,383,000 after acquiring an additional 100,440 shares during the last quarter. FMR LLC boosted its holdings in Travel + Leisure by 28.5% in the 3rd quarter. FMR LLC now owns 261,599 shares of the company’s stock valued at $12,054,000 after purchasing an additional 58,008 shares in the last quarter. Oak Thistle LLC acquired a new position in Travel + Leisure during the 4th quarter worth approximately $1,288,000. Captrust Financial Advisors purchased a new position in shares of Travel + Leisure during the 3rd quarter worth approximately $224,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Travel + Leisure in the 3rd quarter valued at approximately $1,613,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Morgan Stanley started coverage on shares of Travel + Leisure in a report on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective for the company. Stifel Nicolaus upped their price target on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. Truist Financial raised their target price on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a report on Friday, March 7th. Finally, Barclays raised their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.70.

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.