Travel & Leisure Co. (NYSE:TNL) has reported that Amandine Robin-Caplan, the company's Chief Brand and Communications Officer, sold a total of 3,246 shares of the company's common stock. The transactions, which took place on September 12, 2024, resulted in a total value of approximately $135,799, with the shares being sold at a weighted average price of $41.836.
The sales were executed in multiple transactions with prices ranging from $41.83 to $41.84 per share. In compliance with regulatory standards, Robin-Caplan has agreed to provide detailed information about the number of shares sold at each price point within this range upon request.
Following the sale, it was noted that Robin-Caplan still directly owns 24,491 shares of Travel & Leisure Co. stock, which were previously reported as restricted stock units. This indicates a continued vested interest in the company despite the recent sale.
Investors and the market often keep a close eye on insider transactions, as they can provide insights into executives' perspectives on the company's current valuation and future prospects. The disclosure of this sale was made in accordance with SEC requirements, ensuring transparency and allowing shareholders to stay informed about significant changes in insider ownership.
Travel & Leisure Co., known for its offerings in the hotel and motel industry, operates under the organization name "05 Real Estate & Construction" and is incorporated in Delaware. The company, formerly known as Wyndham Destinations (NYSE:TNL), Inc., has its headquarters at 6277 Sea Harbor Drive, Orlando, Florida.
In other recent news, Travel + Leisure Co. has reported a robust Q2 performance with a 4% increase in revenue to $985 million and a rise in adjusted EBITDA to $244 million. This growth is attributed to its vacation ownership business and strategic partnerships, leading to the raise of its full-year adjusted EBITDA guidance to between $915 million and $935 million. Truist Securities has adjusted its outlook for the company, reducing the price target to $60 from the previous $65, while maintaining a Buy rating on the stock. This revision is based on updated earnings projections and a lower multiple used in the firm's analysis. Additionally, Travel + Leisure announced a regular cash dividend of $0.50 per share, scheduled for payment to shareholders on record as of September 13, 2024. Wyndham Hotels & Resorts, Inc. also declared a quarterly cash dividend of $0.38 per share, payable to shareholders of record on the same date. Despite a slight increase in loan loss provisions and a decline in transactions in the Travel and Membership segment, analysts anticipate a slight headwind in the first half of next year, followed by a tailwind in 2026.
InvestingPro Insights
As Travel & Leisure Co. (NYSE:TNL) navigates through the current market, the recent insider transaction involving Chief Brand and Communications Officer Amandine Robin-Caplan has caught the attention of investors. To provide a broader context on the company's financial health and market performance, InvestingPro data and tips offer valuable insights.
InvestingPro data highlights that Travel & Leisure Co. has a market capitalization of $2.99 billion, a testament to its significant presence in the hotel and motel industry. The company also boasts a favorable Price to Earnings (P/E) ratio of 7.08, suggesting that the stock could be undervalued relative to its earnings. This is further supported by a PEG ratio of 0.24 for the last twelve months as of Q2 2024, indicating potential for growth when compared to the P/E ratio. Additionally, Travel & Leisure Co. has maintained a solid dividend yield of 4.79%, rewarding shareholders with consistent income.
Two InvestingPro Tips can offer guidance for those weighing their investment decisions. The company has been recognized for its aggressive share buyback strategy, which can signal confidence in the company's value by its management. Moreover, Travel & Leisure Co. is noted for its high shareholder yield, which includes dividends and buybacks, providing a strong return to investors. For those interested in a deeper dive, there are multiple additional InvestingPro Tips available at https://www.investing.com/pro/TNL, which can further inform investment strategies.
The financial data and strategic moves by Travel & Leisure Co. suggest a company that is focused on delivering value to its shareholders, with a stable financial foundation and a commitment to returning capital through dividends and share repurchases. As the market processes insider transactions such as Robin-Caplan's recent sale, these broader metrics provide a more comprehensive picture of the company's performance and potential.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.