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

Shares of Travel + Leisure Co. (NYSE:TNL) have earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $72.2222.

TNL has been the subject of a number of research reports. Morgan Stanley set a $68.00 price target on shares of Travel + Leisure in a research note on Wednesday, October 22nd. Truist Financial lifted their price objective on shares of Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, November 14th. 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 target price on the stock. Mizuho set a $86.00 price target on Travel + Leisure in a research report on Wednesday, October 22nd. Finally, Barclays set a $70.00 price objective on Travel + Leisure and gave the stock an “equal weight” rating in a report on Wednesday, December 17th.

Insider Buying and Selling at Travel + Leisure

In related news, insider Jeffrey Myers sold 50,000 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $66.38, for a total transaction of $3,319,000.00. Following the transaction, the insider owned 63,789 shares of the company’s stock, valued at approximately $4,234,313.82. This trade represents a 43.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Geoffrey Richards sold 62,525 shares of Travel + Leisure stock in a transaction on Monday, November 24th. The stock was sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the completion of the transaction, the insider owned 39,604 shares in the company, valued at approximately $2,580,992.68. The trade was a 61.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 198,776 shares of company stock valued at $13,080,628 over the last ninety days. Insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TNL. Invesco Ltd. increased its holdings in shares of Travel + Leisure by 8.4% in the third quarter. Invesco Ltd. now owns 3,486,173 shares of the company’s stock worth $207,392,000 after buying an additional 270,474 shares during the period. AQR Capital Management LLC grew its position in Travel + Leisure by 46.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock worth $138,449,000 after acquiring an additional 855,151 shares during the last quarter. LSV Asset Management increased its stake in Travel + Leisure by 69.0% in the 2nd quarter. LSV Asset Management now owns 1,615,402 shares of the company’s stock worth $83,371,000 after purchasing an additional 659,293 shares during the period. Norges Bank bought a new stake in Travel + Leisure in the second quarter valued at approximately $50,934,000. Finally, Swedbank AB lifted its position in Travel + Leisure by 12.9% in the second quarter. Swedbank AB now owns 774,499 shares of the company’s stock valued at $39,972,000 after purchasing an additional 88,271 shares during the last quarter. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Stock Up 0.1%

Shares of NYSE TNL opened at $75.04 on Monday. The stock’s 50-day simple moving average is $68.46 and its two-hundred day simple moving average is $63.14. Travel + Leisure has a twelve month low of $37.77 and a twelve month high of $76.21. The firm has a market capitalization of $4.83 billion, a P/E ratio of 12.34, a P/E/G ratio of 0.53 and a beta of 1.38.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.08. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.57 EPS. As a group, research analysts anticipate that Travel + Leisure will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.56 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.24 annualized dividend and a yield of 3.0%. Travel + Leisure’s dividend payout ratio is currently 36.84%.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.