Brokerages Set Travel + Leisure Co. (NYSE:TNL) Price Target at $70.18

Travel + Leisure Co. (NYSE:TNL) has received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $70.60.

Several brokerages recently weighed in on TNL. The Goldman Sachs Group boosted their price objective on shares of Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. JMP Securities lifted their target price on Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Travel + Leisure in a research report on Wednesday, October 8th. Morgan Stanley set a $68.00 price target on Travel + Leisure in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company initiated coverage on Travel + Leisure in a research note on Tuesday, November 18th. They issued an “overweight” rating and a $74.00 price objective on the stock.

Travel + Leisure Price Performance

Travel + Leisure stock opened at $68.28 on Friday. The business has a 50 day moving average of $62.22 and a 200-day moving average of $58.12. The company has a market capitalization of $4.39 billion, a P/E ratio of 11.23, a P/E/G ratio of 0.55 and a beta of 1.51. Travel + Leisure has a 1 year low of $37.77 and a 1 year high of $70.43.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the firm posted $1.57 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts anticipate that Travel + Leisure will post 6.46 EPS for the current year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a dividend of $0.56 per share. The ex-dividend date is Friday, December 12th. This represents a $2.24 annualized dividend and a yield of 3.3%. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.84%.

Insider Activity

In other news, insider Amandine Robin-Caplan sold 1,538 shares of the company’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $65.08, for a total value of $100,093.04. Following the sale, the insider directly owned 3,904 shares of the company’s stock, valued at approximately $254,072.32. This represents a 28.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jeffrey Myers sold 50,000 shares of Travel + Leisure stock in a transaction on Monday, October 27th. The stock was sold at an average price of $66.38, for a total transaction of $3,319,000.00. Following the transaction, the insider directly owned 63,789 shares of the company’s stock, valued at $4,234,313.82. This represents a 43.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 135,692 shares of company stock worth $8,967,762 over the last quarter. Company insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Rossby Financial LCC boosted its position in shares of Travel + Leisure by 13.1% during the 3rd quarter. Rossby Financial LCC now owns 1,408 shares of the company’s stock valued at $85,000 after purchasing an additional 163 shares in the last quarter. Parallel Advisors LLC lifted its stake in Travel + Leisure by 17.8% in the second quarter. Parallel Advisors LLC now owns 1,202 shares of the company’s stock valued at $62,000 after buying an additional 182 shares during the period. Optas LLC lifted its stake in Travel + Leisure by 4.3% in the third quarter. Optas LLC now owns 4,542 shares of the company’s stock valued at $270,000 after buying an additional 189 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Travel + Leisure by 19.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company’s stock worth $59,000 after buying an additional 189 shares in the last quarter. Finally, Vident Advisory LLC grew its position in shares of Travel + Leisure by 3.7% during the 3rd quarter. Vident Advisory LLC now owns 5,595 shares of the company’s stock worth $333,000 after buying an additional 202 shares during the period. 87.54% of the stock is owned by institutional investors.

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.