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George Herrera, a director at Travel & Leisure Co. (NYSE:TNL), recently sold 6,336 shares of the company’s common stock. The shares were sold at a weighted average price of $46.8014, resulting in a total transaction value of approximately $296,533. Following this sale, Herrera retains direct ownership of 2,759 shares.
Travel & Leisure Co., formerly known as Wyndham Destinations, Inc., is based in Orlando, Florida, and operates within the hotels and motels industry.
In other recent news, Travel + Leisure Co. reported its fourth-quarter 2024 earnings, showcasing a strong performance with revenue reaching $975 million. The company’s Vacation Ownership segment saw a 5% increase in revenue to $813 million, while Net Vacation Ownership Interest (VOI) sales rose by 11% to $456 million. However, the Travel and Membership segment faced a slight revenue decline of 1%, attributed to a decrease in subscription revenue. Analysts at Tigress Financial Partners have raised their price target for Travel + Leisure to $70, maintaining a Buy rating, while Mizuho (NYSE:MFG) Securities adjusted their target to $64, keeping a neutral stance. Goldman Sachs also increased their target to $62, citing improvements in cost management and a positive financial outlook, though they retained a neutral rating. Additionally, Citizens JMP raised their target to $60, highlighting the company’s robust VOI sales growth. Travel + Leisure’s strategic partnerships, such as those with Allegiant Airlines and Live Nation, and the acquisition of Accor (EPA:ACCP) Vacation Club are expected to drive future growth. The company plans to introduce the Sports Illustrated brand in 2025, further expanding its product offerings.
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