Insider Selling: Travel + Leisure (NYSE:TNL) Insider Sells 25,938 Shares of Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown sold 25,938 shares of Travel + Leisure stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $74.85, for a total transaction of $1,941,459.30. Following the transaction, the insider owned 427,821 shares of the company’s stock, valued at $32,022,401.85. This represents a 5.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michael Dean Brown also recently made the following trade(s):

• On Monday, February 23rd, Michael Dean Brown sold 66,860 shares of Travel + Leisure stock. The stock was sold at an average price of $74.03, for a total transaction of $4,949,645.80.

Travel + Leisure Stock Up 0.8%

TNL stock traded up $0.63 during mid-day trading on Wednesday, reaching $75.62. 435,978 shares of the company traded hands, compared to its average volume of 627,202. The firm’s 50 day moving average price is $72.37 and its 200 day moving average price is $66.41. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 0.63 and a beta of 1.38. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $81.00.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.83. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $1.72 earnings per share. On average, analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Travel + Leisure

A number of hedge funds have recently modified their holdings of the stock. Hillsdale Investment Management Inc. bought a new position in Travel + Leisure during the second quarter valued at $27,000. Danske Bank A S bought a new position in shares of Travel + Leisure during the 3rd quarter worth $30,000. Parkside Financial Bank & Trust increased its holdings in Travel + Leisure by 155.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock worth $32,000 after acquiring an additional 382 shares during the last quarter. CNB Bank purchased a new stake in Travel + Leisure during the third quarter valued at about $32,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Travel + Leisure in the fourth quarter worth about $43,000. Institutional investors own 87.54% of the company’s stock.

Analysts Set New Price Targets

TNL has been the subject of several recent analyst reports. Citizens Jmp upped their target price on shares of Travel + Leisure from $80.00 to $90.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 19th. Mizuho set a $107.00 price objective on shares of Travel + Leisure in a research report on Thursday, February 19th. Oppenheimer reiterated an “outperform” rating and issued a $85.00 price objective on shares of Travel + Leisure in a research note on Wednesday, February 18th. Stifel Nicolaus set a $89.00 target price on Travel + Leisure in a research note on Wednesday, February 18th. Finally, Barclays set a $78.00 target price on Travel + Leisure in a report on Thursday, February 19th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $84.45.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.