Amandine Robin-Caplan Sells 3,904 Shares of Travel + Leisure (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) insider Amandine Robin-Caplan sold 3,904 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $74.61, for a total transaction of $291,277.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Travel + Leisure Stock Up 0.8%

TNL opened at $75.62 on Thursday. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $81.00. The company has a 50 day moving average of $72.45 and a two-hundred day moving average of $66.47. The company has a market cap of $4.72 billion, a P/E ratio of 22.17, a P/E/G ratio of 0.57 and a beta of 1.38.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, February 18th. The company reported $1.83 EPS 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 business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the firm posted $1.72 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Hedge Funds Weigh In On Travel + Leisure

A number of institutional investors have recently made changes to their positions in TNL. Envestnet Asset Management Inc. boosted its position in Travel + Leisure by 231.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock valued at $41,143,000 after purchasing an additional 482,731 shares during the period. Compass Wealth Management LLC bought a new stake in Travel + Leisure in the third quarter valued at $1,707,000. ING Groep NV boosted its holdings in shares of Travel + Leisure by 115.0% during the third quarter. ING Groep NV now owns 63,000 shares of the company’s stock valued at $3,748,000 after acquiring an additional 33,700 shares during the period. Advisors Capital Management LLC boosted its holdings in shares of Travel + Leisure by 1.1% during the second quarter. Advisors Capital Management LLC now owns 399,794 shares of the company’s stock valued at $20,633,000 after acquiring an additional 4,242 shares during the period. Finally, Ethic Inc. grew its position in shares of Travel + Leisure by 132.0% during the third quarter. Ethic Inc. now owns 27,108 shares of the company’s stock worth $1,613,000 after acquiring an additional 15,422 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TNL. Weiss Ratings downgraded Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Stifel Nicolaus set a $89.00 price target on Travel + Leisure in a research report on Wednesday, February 18th. Truist Financial upped their price target on Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Citizens Jmp increased their price objective on shares of Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a research report on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $90.00 target price on shares of Travel + Leisure in a research report on Friday, February 20th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Travel + Leisure presently has an average rating of “Moderate Buy” and an average target price of $84.45.

Travel + Leisure Company Profile

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.