Michael Dean Brown Sells 25,938 Shares of Travel + Leisure (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown sold 25,938 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $74.85, for a total transaction of $1,941,459.30. Following the completion of the sale, the insider directly owned 427,821 shares of the company’s stock, valued at approximately $32,022,401.85. The trade was a 5.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $74.03, for a total transaction of $4,949,645.80.

Travel + Leisure Stock Up 2.1%

Shares of NYSE TNL opened at $77.13 on Friday. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 0.58 and a beta of 1.38. The company’s 50-day simple moving average is $72.57 and its 200-day simple moving average is $66.55. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $81.00.

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

Wall Street Analysts Forecast Growth

TNL has been the subject of several research reports. Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Wells Fargo & Company lifted their target price on shares of Travel + Leisure from $81.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. 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 report on Thursday, February 19th. Morgan Stanley boosted their price target on shares of Travel + Leisure from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Finally, Barclays set a $78.00 price objective on shares of Travel + Leisure in a research note on Thursday, February 19th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Travel + Leisure presently has an average rating of “Moderate Buy” and an average price target of $84.45.

Institutional Trading of Travel + Leisure

Several institutional investors have recently made changes to their positions in TNL. Invesco Ltd. grew its position in Travel + Leisure by 4.2% in the fourth quarter. Invesco Ltd. now owns 3,632,657 shares of the company’s stock worth $256,211,000 after acquiring an additional 146,484 shares during the period. AQR Capital Management LLC lifted its stake in shares of Travel + Leisure by 46.8% in the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after purchasing an additional 855,151 shares during the last quarter. LSV Asset Management grew its holdings in shares of Travel + Leisure by 69.0% during the 2nd quarter. LSV Asset Management now owns 1,615,402 shares of the company’s stock worth $83,371,000 after purchasing an additional 659,293 shares during the period. Geode Capital Management LLC grew its holdings in shares of Travel + Leisure by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,208,918 shares of the company’s stock worth $85,281,000 after purchasing an additional 10,137 shares during the period. Finally, Norges Bank acquired a new stake in shares of Travel + Leisure during the 2nd quarter worth about $50,934,000. Hedge funds and other institutional investors 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.