Travel + Leisure Co. (NYSE:TNL) Receives $76.60 Average PT from Brokerages

Shares of Travel + Leisure Co. (NYSE:TNLGet Rating) have been assigned an average recommendation of “Buy” from the six brokerages that are covering the firm, reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $76.60.

A number of equities analysts have commented on TNL shares. Jefferies Financial Group raised shares of Travel + Leisure from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $79.00 in a research report on Friday. Zacks Investment Research downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Thursday, January 20th.

In other news, insider Geoffrey Richards sold 13,000 shares of the stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $60.47, for a total transaction of $786,110.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George Herrera sold 2,189 shares of the firm’s stock in a transaction on Friday, March 18th. The stock was sold at an average price of $58.50, for a total value of $128,056.50. The disclosure for this sale can be found here. Corporate insiders own 1.93% of the company’s stock.

A number of institutional investors have recently made changes to their positions in TNL. Counterpoint Mutual Funds LLC bought a new position in Travel + Leisure in the 1st quarter valued at about $25,000. Capital Analysts LLC boosted its position in shares of Travel + Leisure by 80.2% during the 4th quarter. Capital Analysts LLC now owns 472 shares of the company’s stock worth $26,000 after acquiring an additional 210 shares in the last quarter. Carroll Financial Associates Inc. bought a new position in Travel + Leisure in the fourth quarter valued at approximately $27,000. Evolution Wealth Advisors LLC raised its position in Travel + Leisure by 140.5% during the third quarter. Evolution Wealth Advisors LLC now owns 606 shares of the company’s stock valued at $33,000 after purchasing an additional 354 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in Travel + Leisure during the fourth quarter worth $36,000. Hedge funds and other institutional investors own 87.23% of the company’s stock.

Shares of NYSE:TNL opened at $55.62 on Friday. Travel + Leisure has a 52-week low of $46.10 and a 52-week high of $67.33. The company has a market capitalization of $4.77 billion, a P/E ratio of 15.80 and a beta of 1.75. The company has a 50-day simple moving average of $54.78 and a 200 day simple moving average of $54.83.

Travel + Leisure (NYSE:TNLGet Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.03). Travel + Leisure had a net margin of 9.86% and a negative return on equity of 36.08%. The business had revenue of $809.00 million during the quarter, compared to analyst estimates of $772.11 million. During the same period in the previous year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 28.8% on a year-over-year basis. Equities research analysts anticipate that Travel + Leisure will post 4.48 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 15th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.88%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.35. Travel + Leisure’s dividend payout ratio (DPR) is currently 45.45%.

Travel + Leisure Company Profile (Get Rating)

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

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Analyst Recommendations for Travel + Leisure (NYSE:TNL)

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