Travel + Leisure (NYSE:TNL) Director Sells $85,562.72 in Stock

Travel + Leisure Co. (NYSE:TNL) Director George Herrera sold 1,214 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $70.48, for a total value of $85,562.72. Following the completion of the sale, the director directly owned 3,601 shares of the company’s stock, valued at approximately $253,798.48. The trade was a 25.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

George Herrera also recently made the following trade(s):

• On Wednesday, March 18th, George Herrera sold 1,748 shares of Travel + Leisure stock. The stock was sold at an average price of $70.31, for a total transaction of $122,901.88.

Travel + Leisure Trading Down 2.9%

NYSE TNL opened at $68.32 on Friday. The firm has a market capitalization of $4.26 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 0.53 and a beta of 1.32. The firm’s fifty day moving average price is $72.22 and its two-hundred day moving average price is $67.72. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $81.00.

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

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, March 20th. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a yield of 3.5%. Travel + Leisure’s dividend payout ratio is 65.69%.

Analysts Set New Price Targets

Several research firms have issued reports on TNL. Barclays set a $78.00 price objective on Travel + Leisure in a research note on Thursday, February 19th. Wells Fargo & Company boosted their target price on Travel + Leisure from $81.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Stifel Nicolaus set a $89.00 price target on Travel + Leisure in a research note on Wednesday, February 18th. The Goldman Sachs Group raised their price target on Travel + Leisure from $71.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Finally, Weiss Ratings cut shares of Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Eight 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, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average price target of $85.90.

Institutional Investors Weigh In On Travel + Leisure

A number of large investors have recently added to or reduced their stakes in TNL. Royal Bank of Canada grew its stake in Travel + Leisure by 42.0% during the first quarter. Royal Bank of Canada now owns 91,184 shares of the company’s stock worth $4,222,000 after buying an additional 26,965 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Travel + Leisure in the 1st quarter valued at about $396,000. Millennium Management LLC raised its position in shares of Travel + Leisure by 129.5% in the 1st quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock valued at $19,141,000 after buying an additional 233,345 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Travel + Leisure by 97.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 200,286 shares of the company’s stock worth $9,271,000 after acquiring an additional 98,647 shares during the period. Finally, United Services Automobile Association bought a new stake in shares of Travel + Leisure during the 1st quarter worth approximately $206,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

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.