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

Travel + Leisure Co. (NYSE:TNL) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $59.20.

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group cut their target price on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and raised their target price for the company from $40.00 to $60.00 in a report on Monday, January 27th. Truist Financial upped their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Tigress Financial upped their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, Morgan Stanley reduced their price target on shares of Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd.

Insider Buying and Selling

In other Travel + Leisure news, insider Michael Dean Brown purchased 2,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $46.66 per share, with a total value of $93,320.00. Following the purchase, the insider now owns 408,706 shares in the company, valued at approximately $19,070,221.96. This represents a 0.49 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director George Herrera sold 6,336 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the transaction, the director now directly owns 2,759 shares of the company’s stock, valued at approximately $129,121.20. This represents a 69.66 % decrease in their position. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Travel + Leisure

Several hedge funds have recently modified their holdings of the stock. Invesco Ltd. raised its stake in Travel + Leisure by 4.8% during the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock worth $178,822,000 after purchasing an additional 163,804 shares during the period. Copeland Capital Management LLC increased its stake in Travel + Leisure by 0.8% during the fourth quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company’s stock worth $78,984,000 after acquiring an additional 12,111 shares during the last quarter. AQR Capital Management LLC increased its stake in Travel + Leisure by 4.3% during the fourth quarter. AQR Capital Management LLC now owns 1,424,035 shares of the company’s stock worth $71,358,000 after acquiring an additional 58,944 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Travel + Leisure by 9.6% in the 4th quarter. Northern Trust Corp now owns 1,036,703 shares of the company’s stock worth $52,302,000 after purchasing an additional 90,553 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Travel + Leisure by 15.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company’s stock valued at $46,169,000 after purchasing an additional 122,173 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $46.53 on Wednesday. The company has a market cap of $3.09 billion, a PE ratio of 7.97, a P/E/G ratio of 0.67 and a beta of 1.41. The stock has a fifty day moving average price of $45.93 and a 200 day moving average price of $50.48. Travel + Leisure has a 1-year low of $37.77 and a 1-year high of $58.95.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.01. The business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $933.08 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Analysts anticipate that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.81%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure’s payout ratio is 37.40%.

About Travel + Leisure

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.