Travel + Leisure Co. (NYSE:TNL) Director Stephen P. Holmes Sells 80,000 Shares

Travel + Leisure Co. (NYSE:TNL) Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction on Friday, October 25th. The shares were sold at an average price of $47.55, for a total value of $3,804,000.00. Following the completion of the sale, the director now directly owns 362,947 shares of the company’s stock, valued at $17,258,129.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock opened at $47.51 on Friday. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 7.93, a price-to-earnings-growth ratio of 0.62 and a beta of 1.62. The stock’s 50-day moving average is $44.66 and its 200-day moving average is $44.63. Travel + Leisure Co. has a one year low of $32.26 and a one year high of $49.91.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. The company had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.54 earnings per share. On average, equities analysts expect that Travel + Leisure Co. will post 5.67 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.21%. Travel + Leisure’s dividend payout ratio (DPR) is 33.39%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TNL. Tigress Financial raised their price target on Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft reduced their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Barclays raised their price target on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday. Truist Financial reduced their price target on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. raised their price target on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $55.00.

Institutional Trading of Travel + Leisure

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Travel + Leisure by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock valued at $419,136,000 after purchasing an additional 466,640 shares in the last quarter. Copeland Capital Management LLC increased its position in shares of Travel + Leisure by 0.9% in the third quarter. Copeland Capital Management LLC now owns 1,553,470 shares of the company’s stock valued at $71,584,000 after acquiring an additional 13,870 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Travel + Leisure by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company’s stock valued at $63,547,000 after acquiring an additional 57,587 shares during the last quarter. LSV Asset Management increased its position in shares of Travel + Leisure by 23.1% in the second quarter. LSV Asset Management now owns 725,381 shares of the company’s stock valued at $32,628,000 after acquiring an additional 136,281 shares during the last quarter. Finally, Swedbank AB acquired a new stake in shares of Travel + Leisure in the first quarter valued at about $33,598,000. 87.54% of the stock is currently owned by institutional investors.

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.