Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Michael Dean Brown acquired 2,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of the acquisition, the insider now directly owns 408,706 shares of the company's stock, valued at $19,070,221.96. This represents a 0.49 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Travel + Leisure Trading Down 4.3 %
Travel + Leisure stock opened at $46.62 on Friday. Travel + Leisure Co. has a 12 month low of $39.91 and a 12 month high of $58.95. The stock has a 50-day moving average price of $53.80 and a two-hundred day moving average price of $50.57. The company has a market capitalization of $3.11 billion, a PE ratio of 7.98, a P/E/G ratio of 0.67 and a beta of 1.61.
Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. During the same period last year, the business posted $1.98 earnings per share. Travel + Leisure's revenue was up 3.9% on a year-over-year basis. As a group, analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.
Travel + Leisure Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 4.80%. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date is Monday, March 17th. Travel + Leisure's dividend payout ratio (DPR) is presently 38.36%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on TNL. Stifel Nicolaus boosted their price target on Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Morgan Stanley began coverage on Travel + Leisure in a research note on Monday, January 6th. They set an "overweight" rating and a $67.00 target price for the company. Barclays upped their price target on Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. Tigress Financial boosted their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, The Goldman Sachs Group increased their target price on Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $63.70.
Check Out Our Latest Analysis on Travel + Leisure
Institutional Trading of Travel + Leisure
Institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after purchasing an additional 181 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Travel + Leisure by 1.0% in the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock worth $986,000 after purchasing an additional 200 shares during the period. UMB Bank n.a. raised its stake in shares of Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after buying an additional 204 shares during the period. Versant Capital Management Inc increased its stake in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after purchasing an additional 210 shares in the last quarter. Finally, Capital Analysts LLC lifted its stake in Travel + Leisure by 16.8% in the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock worth $80,000 after purchasing an additional 227 shares in the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.
Travel + Leisure Company Profile
(
Get Free Report)
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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