Travel + Leisure Co. (NYSE:TNL - Get Free Report) Director Stephen P. Holmes sold 80,000 shares of the firm's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the sale, the director now owns 362,947 shares in the company, valued at approximately $17,258,129.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
NYSE:TNL traded down $0.11 during midday trading on Friday, reaching $47.51. 536,194 shares of the stock traded hands, compared to its average volume of 592,093. The stock has a market capitalization of $3.31 billion, a P/E ratio of 7.93, a PEG ratio of 0.62 and a beta of 1.62. Travel + Leisure Co. has a 12 month low of $32.26 and a 12 month high of $49.91. The company has a fifty day moving average of $44.66 and a 200 day moving average of $44.63.
Travel + Leisure (NYSE:TNL - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.08. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The company had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business posted $1.54 earnings per share. Travel + Leisure's revenue for the quarter was up .7% on a year-over-year basis. On average, analysts predict that Travel + Leisure Co. will post 5.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 annualized dividend and a dividend yield of 4.21%. Travel + Leisure's dividend payout ratio (DPR) is presently 33.39%.
A number of research firms have weighed in on TNL. Barclays raised their price target on Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a research report on Thursday. Tigress Financial boosted their target price on Travel + Leisure from $54.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. The Goldman Sachs Group lifted their price target on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a "neutral" rating in a research note on Thursday. Truist Financial cut their price objective on shares of Travel + Leisure from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Travel + Leisure has a consensus rating of "Moderate Buy" and an average target price of $55.00.
View Our Latest Research Report on Travel + Leisure
A number of hedge funds and other institutional investors have recently made changes to their positions in TNL. UMB Bank n.a. lifted its holdings in Travel + Leisure by 1,948.1% in the third quarter. UMB Bank n.a. now owns 553 shares of the company's stock worth $25,000 after buying an additional 526 shares during the period. Versant Capital Management Inc purchased a new stake in Travel + Leisure in the second quarter worth $27,000. Allspring Global Investments Holdings LLC raised its holdings in Travel + Leisure by 2,759.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock worth $28,000 after purchasing an additional 607 shares in the last quarter. Family Firm Inc. purchased a new position in Travel + Leisure during the second quarter valued at $31,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Travel + Leisure in the 2nd quarter worth about $36,000. Institutional investors own 87.54% of the company's stock.
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.
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