Travel + Leisure (NYSE:TNL) Upgraded at Zacks Research

Zacks Research upgraded shares of Travel + Leisure (NYSE:TNL) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

TNL has been the topic of a number of other reports. Mizuho cut their target price on shares of Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Wells Fargo & Company lowered their price objective on shares of Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Weiss Ratings upgraded shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. The Goldman Sachs Group raised shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a report on Monday, June 1st. Finally, Morgan Stanley increased their target price on shares of Travel + Leisure from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Travel + Leisure currently has an average rating of “Buy” and a consensus target price of $86.90.

Travel + Leisure Stock Down 2.8%

Shares of NYSE TNL opened at $73.46 on Tuesday. The business has a 50-day moving average price of $72.30 and a 200 day moving average price of $71.69. The stock has a market cap of $4.59 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. Travel + Leisure has a 52-week low of $56.66 and a 52-week high of $81.00.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, hitting the consensus estimate of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Sell-side analysts anticipate that Travel + Leisure will post 7.53 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were given a dividend of $0.60 per share. The ex-dividend date was Friday, June 12th. This represents a $2.40 dividend on an annualized basis and a yield of 3.3%. Travel + Leisure’s dividend payout ratio is presently 67.42%.

Insider Transactions at Travel + Leisure

In other news, Director George Herrera sold 500 shares of Travel + Leisure stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the sale, the director owned 1,353 shares of the company’s stock, valued at $101,691.48. The trade was a 26.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kimberly Marshall sold 28,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $70.17, for a total transaction of $1,964,760.00. Following the transaction, the insider owned 33,191 shares in the company, valued at approximately $2,329,012.47. This trade represents a 45.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 31,000 shares of company stock worth $2,161,915. Company insiders own 4.01% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC lifted its holdings in shares of Travel + Leisure by 413.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock valued at $35,000 after buying an additional 372 shares during the period. Bank of America Corp DE grew its holdings in Travel + Leisure by 4.7% during the first quarter. Bank of America Corp DE now owns 204,503 shares of the company’s stock worth $14,150,000 after acquiring an additional 9,193 shares during the period. Edgestream Partners L.P. grew its holdings in Travel + Leisure by 30.9% during the first quarter. Edgestream Partners L.P. now owns 135,102 shares of the company’s stock worth $9,348,000 after acquiring an additional 31,897 shares during the period. Bull Harbor Capital LLC purchased a new position in Travel + Leisure in the first quarter worth $286,000. Finally, Amundi raised its position in Travel + Leisure by 136.8% in the first quarter. Amundi now owns 22,158 shares of the company’s stock worth $1,533,000 after acquiring an additional 12,800 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

More Travel + Leisure News

Here are the key news stories impacting Travel + Leisure this week:

• Positive Sentiment: Mizuho raised its price target on Travel + Leisure Co. from $105 to $107 and reiterated an outperform rating, signaling strong confidence in further upside. Benzinga
• Positive Sentiment: Wells Fargo increased its target from $87 to $92 and kept an overweight rating, reflecting a positive view on the company’s outlook after earnings. Tickerreport.com
• Positive Sentiment: Zacks Research upgraded the stock from hold to strong-buy, adding to the bullish analyst momentum around TNL. Zacks.com
• Positive Sentiment: Travel + Leisure raised its full-year outlook after reporting Q2 revenue of $1.06 billion and adjusted EPS of $1.88, with revenue topping estimates and gross VOI sales up 4% year over year. Business Wire
• Neutral Sentiment: The company’s adjusted EPS matched consensus at $1.88, while reported EPS of $1.72 and headline earnings came in below some estimates, creating a mixed reaction from investors. Zacks.com

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.