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

Travel + Leisure Co. (NYSE:TNL) has earned an average rating of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $58.50.

TNL has been the subject of a number of analyst reports. Tigress Financial upped their price target on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group increased their price objective on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday. Barclays increased their target price on shares of Travel + Leisure from $41.00 to $48.00 and gave the company an “underweight” rating in a research note on Friday. Finally, Truist Financial lifted their price target on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th.

Insider Transactions at Travel + Leisure

In related news, 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 transaction of $93,158.64. Following the sale, the director now owns 6,352 shares in the company, valued at $269,832.96. The trade was a 25.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Geoffrey Richards sold 5,009 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total value of $261,269.44. Following the completion of the sale, the insider now directly owns 125,209 shares of the company’s stock, valued at approximately $6,530,901.44. The trade was a 3.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,209 shares of company stock worth $4,940,022 in the last ninety days. Insiders own 4.02% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Several institutional investors have recently added to or reduced their stakes in TNL. UMB Bank n.a. grew its holdings in Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after buying an additional 526 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Travel + Leisure by 2,759.1% during 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 period. Family Firm Inc. purchased a new stake in shares of Travel + Leisure during the 2nd quarter worth approximately $31,000. Larson Financial Group LLC bought a new position in shares of Travel + Leisure during the 2nd quarter worth $36,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Travel + Leisure in the 2nd quarter worth about $38,000. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance

NYSE TNL opened at $53.15 on Friday. The firm’s fifty day moving average is $51.12 and its two-hundred day moving average is $46.65. The firm has a market cap of $3.64 billion, a PE ratio of 9.02, a P/E/G ratio of 0.77 and a beta of 1.63. Travel + Leisure has a one year low of $37.99 and a one year high of $56.91.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company earned $1.54 EPS. The firm’s revenue was up .7% on a year-over-year basis. Research analysts predict that Travel + Leisure will post 5.75 earnings per share for the current year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Friday, December 13th. Travel + Leisure’s dividend payout ratio is currently 33.96%.

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.