Travel + Leisure Co. (NYSE:TNL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Travel + Leisure Co. (NYSE:TNL) has received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $54.33.

TNL has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Tigress Financial upped their target price on shares of Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Truist Financial decreased their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group initiated coverage on Travel + Leisure in a report on Wednesday, September 18th. They issued a “neutral” rating and a $44.00 price target for the company.

Insider Activity

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the sale, the insider now directly owns 24,491 shares of the company’s stock, valued at $1,024,703.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the sale, the insider now owns 24,491 shares in the company, valued at approximately $1,024,703.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director George Herrera sold 2,193 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now owns 6,352 shares in the company, valued at $269,832.96. The disclosure for this sale can be found here. Company insiders own 4.02% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Hedge funds have recently modified their holdings of the stock. State of Michigan Retirement System increased its position in shares of Travel + Leisure by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 17,807 shares of the company’s stock valued at $872,000 after acquiring an additional 400 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Travel + Leisure by 2.5% in the second quarter. QRG Capital Management Inc. now owns 18,005 shares of the company’s stock valued at $810,000 after purchasing an additional 432 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Travel + Leisure by 1.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,068 shares of the company’s stock worth $1,668,000 after purchasing an additional 445 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Travel + Leisure during the second quarter worth about $27,000. Finally, Allspring Global Investments Holdings LLC boosted its position in Travel + Leisure by 2,759.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after buying an additional 607 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Trading Down 1.1 %

Travel + Leisure stock opened at $46.08 on Tuesday. The firm has a market capitalization of $3.21 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 0.64 and a beta of 1.62. Travel + Leisure has a 12-month low of $32.10 and a 12-month high of $49.91. The firm has a 50-day moving average price of $43.62 and a 200-day moving average price of $44.72.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.13. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The business had revenue of $985.00 million during the quarter, compared to analyst estimates of $987.20 million. During the same quarter in the previous year, the business earned $1.33 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that Travel + Leisure will post 5.67 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 4.34%. Travel + Leisure’s dividend payout ratio is currently 36.83%.

Travel + Leisure Company Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.