Travel & leisure co. COO sells $249,929 in stock

Geoffrey Richards, Chief Operating Officer of Vacation Ownership at Travel & Leisure Co. (NYSE:TNL), recently sold 4,607 shares of common stock. The transaction took place on November 13, with shares sold at a price of $54.25 each, totaling approximately $249,929. Following this sale, Richards holds 120,602 shares directly. Additionally, he maintains ownership of 4,025 shares through the Geoffrey S Richards Revocable Trust. These transactions were disclosed in a filing with the Securities and Exchange Commission.

In other recent news, Travel + Leisure Co. has announced a regular cash dividend of $0.50 per share for its shareholders, demonstrating its ongoing financial strategy and commitment to shareholder returns. The company has also reported a strong Q3 2024 performance, with a 24.4% margin on adjusted EBITDA of $242 million, over $150 million in adjusted free cash flow, and gross Vacation Ownership Interest (VOI) sales reaching $606 million, marking a 2% increase in revenue.

The successful integration of Accor (EPA:) Vacation Club and ongoing developments within the Travel & Membership segment are expected to contribute to long-term growth strategies. The company has also closed a $325 million asset-backed securities transaction at a 5.2% rate. In addition, the company returned $105 million to shareholders through dividends and buybacks.

Despite challenges such as hurricanes impacting operations in Florida and North Carolina, and slight underperformance in Las Vegas, the company maintains a positive outlook for Q4 and beyond. These are among the recent developments for Travel + Leisure Co.

InvestingPro Insights

As we analyze Geoffrey Richards' recent stock sale at Travel & Leisure Co. (NYSE:TNL), it's worth considering some key financial metrics and insights from InvestingPro that paint a broader picture of the company's performance and valuation.

Travel & Leisure Co. is currently trading at a P/E ratio of 9.2, which suggests the stock may be undervalued relative to its earnings. This is further supported by an InvestingPro Tip indicating that TNL is trading at a low P/E ratio relative to its near-term earnings growth. The company's PEG ratio of 0.36 for the last twelve months as of Q3 2024 also points to potential undervaluation when considering its growth prospects.

Despite the insider sale, there are positive signals for investors. An InvestingPro Tip reveals that management has been aggressively buying back shares, which often indicates confidence in the company's future and can potentially increase shareholder value. Additionally, TNL has maintained dividend payments for 18 consecutive years and has raised its dividend for 3 consecutive years, demonstrating a commitment to returning value to shareholders. The current dividend yield stands at an attractive 3.72%.

The company's financial health appears robust, with liquid assets exceeding short-term obligations. This financial stability is complemented by strong recent performance, as evidenced by a 52.37% price total return over the past year and a 29.13% return over the last three months.

For investors seeking more comprehensive analysis, InvestingPro offers 14 additional tips for Travel & Leisure Co., providing a deeper understanding of the company's financial position and market performance.

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