Travel + Leisure Co. (NYSE:TNL) Given Average Recommendation of “Hold” by Analysts

Travel + Leisure Co. (NYSE:TNLGet Free Report) has earned an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $53.63.

A number of analysts have recently issued reports on TNL shares. Barclays lifted their price objective on shares of Travel + Leisure from $37.00 to $44.00 and gave the company an “equal weight” rating in a research note on Thursday, February 22nd. Jefferies Financial Group upgraded shares of Travel + Leisure from a “hold” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $57.00 in a research note on Tuesday, January 2nd. Mizuho initiated coverage on shares of Travel + Leisure in a research note on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 price target for the company. JMP Securities initiated coverage on shares of Travel + Leisure in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $50.00 price target for the company. Finally, Truist Financial lifted their price target on shares of Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th.

Read Our Latest Stock Report on Travel + Leisure

Travel + Leisure Stock Down 2.2 %

TNL opened at $47.86 on Tuesday. The firm has a market capitalization of $3.40 billion, a P/E ratio of 9.00, a P/E/G ratio of 1.33 and a beta of 1.63. The firm’s 50 day moving average is $43.83 and its 200-day moving average is $39.37. Travel + Leisure has a 52-week low of $32.10 and a 52-week high of $49.02.

Travel + Leisure (NYSE:TNLGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.61. The company had revenue of $935.00 million for the quarter, compared to analyst estimates of $946.56 million. Travel + Leisure had a net margin of 10.59% and a negative return on equity of 43.77%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 earnings per share. Equities analysts expect that Travel + Leisure will post 5.4 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were paid a dividend of $0.50 per share. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 20th. This represents a $2.00 annualized dividend and a yield of 4.18%. Travel + Leisure’s payout ratio is presently 37.59%.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider James J. Savina sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $47.00, for a total transaction of $282,000.00. Following the completion of the sale, the insider now owns 26,442 shares in the company, valued at $1,242,774. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director George Herrera sold 2,969 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $45.33, for a total transaction of $134,584.77. Following the completion of the transaction, the director now owns 2,193 shares in the company, valued at $99,408.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James J. Savina sold 6,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total transaction of $282,000.00. Following the transaction, the insider now owns 26,442 shares of the company’s stock, valued at approximately $1,242,774. The disclosure for this sale can be found here. Insiders sold a total of 28,922 shares of company stock worth $1,318,358 over the last 90 days. Insiders own 2.84% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Several institutional investors have recently modified their holdings of TNL. BlackRock Inc. lifted its holdings in Travel + Leisure by 13.9% in the first quarter. BlackRock Inc. now owns 9,806,796 shares of the company’s stock worth $568,206,000 after purchasing an additional 1,197,611 shares during the period. Norges Bank acquired a new stake in Travel + Leisure in the fourth quarter worth about $34,967,000. Millennium Management LLC lifted its holdings in Travel + Leisure by 508.3% in the fourth quarter. Millennium Management LLC now owns 1,058,035 shares of the company’s stock worth $38,512,000 after purchasing an additional 884,116 shares during the period. Invesco Ltd. lifted its holdings in Travel + Leisure by 11.8% in the first quarter. Invesco Ltd. now owns 6,057,641 shares of the company’s stock worth $350,980,000 after purchasing an additional 636,968 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Travel + Leisure by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock worth $419,136,000 after purchasing an additional 466,640 shares during the period. Institutional investors own 87.54% of the company’s stock.

About Travel + Leisure

(Get Free Report

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.

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Analyst Recommendations for Travel + Leisure (NYSE:TNL)

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