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

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

Travel + Leisure Price Performance

TNL stock opened at $68.41 on Friday. The stock has a market cap 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 Co. has a 1 year low of $37.77 and a 1 year high of $70.43. The company has a 50 day simple moving average of $62.50 and a 200 day simple moving average of $58.26.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.57 earnings per share. On average, equities research analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, December 12th. Travel + Leisure’s dividend payout ratio (DPR) is currently 36.84%.

Institutional Investors Weigh In On Travel + Leisure

Several hedge funds have recently made changes to their positions in TNL. Charles Schwab Investment Management Inc. boosted its stake in 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 purchasing an additional 79,430 shares in the last quarter. HighTower Advisors LLC grew its position in Travel + Leisure by 314.4% during the first quarter. HighTower Advisors LLC now owns 41,369 shares of the company’s stock valued at $1,915,000 after buying an additional 31,387 shares during the period. Farther Finance Advisors LLC raised its holdings in Travel + Leisure by 2,704.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,963 shares of the company’s stock worth $101,000 after purchasing an additional 1,893 shares during the period. Voya Investment Management LLC lifted its holdings in Travel + Leisure by 362.0% during the first quarter. Voya Investment Management LLC now owns 175,221 shares of the company’s stock valued at $8,111,000 after purchasing an additional 137,295 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in Travel + Leisure during the first quarter valued at about $2,717,000. 87.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TNL has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their price target on Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Wells Fargo & Company started coverage on shares of Travel + Leisure in a report on Tuesday, November 18th. They issued an “overweight” rating and a $74.00 price target for the company. Truist Financial raised their target price on shares of Travel + Leisure from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, Morgan Stanley set a $68.00 price target on shares of Travel + Leisure in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.