Analysts Set Travel + Leisure Co. (NYSE:TNL) Price Target at $85.90

Travel + Leisure Co. (NYSE:TNL) has received an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $85.90.

A number of analysts recently issued reports on the company. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, February 19th. Weiss Ratings downgraded shares of Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Mizuho set a $107.00 target price on shares of Travel + Leisure in a report on Thursday, February 19th. Morgan Stanley lifted their price target on shares of Travel + Leisure from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Finally, The Goldman Sachs Group upped their price target on shares of Travel + Leisure from $71.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, February 19th.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $67.27 on Friday. Travel + Leisure has a 1-year low of $37.77 and a 1-year high of $81.00. The business’s 50 day moving average is $71.79 and its two-hundred day moving average is $68.10. The stock has a market capitalization of $4.20 billion, a P/E ratio of 19.73, a PEG ratio of 0.51 and a beta of 1.32.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $1.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.83. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company earned $1.72 EPS. As a group, equities research analysts anticipate that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.6%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, March 20th. Travel + Leisure’s dividend payout ratio (DPR) is presently 70.38%.

Insider Transactions at Travel + Leisure

In other news, insider Michael Dean Brown sold 25,938 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $74.85, for a total value of $1,941,459.30. Following the sale, the insider directly owned 427,821 shares in the company, valued at approximately $32,022,401.85. This represents a 5.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Amandine Robin-Caplan sold 3,904 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $74.61, for a total value of $291,277.44. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 99,664 shares of company stock worth $7,390,847. 3.75% of the stock is currently owned by company insiders.

Institutional Trading of Travel + Leisure

A number of large investors have recently made changes to their positions in TNL. PNC Financial Services Group Inc. increased its stake in Travel + Leisure by 2.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company’s stock worth $408,000 after buying an additional 148 shares during the period. Rossby Financial LCC lifted its holdings in 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 buying an additional 163 shares in the last quarter. Optas LLC boosted its position in Travel + Leisure by 4.3% in the 3rd 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. grew its stake in Travel + Leisure by 19.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company’s stock worth $59,000 after acquiring an additional 189 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Travel + Leisure by 17.8% in the 4th quarter. Signaturefd LLC now owns 1,276 shares of the company’s stock worth $90,000 after acquiring an additional 193 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

About Travel + Leisure

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.