Travel + Leisure (NYSE:TNL) Price Target Raised to $92.00 at Wells Fargo & Company

Travel + Leisure (NYSE:TNL) had its price target raised by Wells Fargo & Company from $87.00 to $92.00 in a report released on Thursday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other equities analysts have also recently commented on the stock. Citigroup reiterated a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday. Barclays upped their price target on shares of Travel + Leisure from $74.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday. Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings raised Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Finally, Morgan Stanley boosted their target price on Travel + Leisure from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. One equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $86.90.

Travel + Leisure Stock Performance

TNL stock opened at $73.46 on Thursday. The company has a market capitalization 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 one year low of $56.66 and a one year high of $81.00. The company’s 50 day moving average price is $72.30 and its two-hundred day moving average price is $71.69.

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

Travel + Leisure Announces Dividend

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

Insider Activity at Travel + Leisure

In other Travel + Leisure news, Director Denny Marie Post sold 2,500 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $63.83, for a total transaction of $159,575.00. Following the completion of the sale, the director owned 1,977 shares of the company’s stock, valued at $126,191.91. This represents a 55.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George Herrera sold 500 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $37,580.00. Following the completion of the sale, the director directly owned 1,353 shares in the company, valued at approximately $101,691.48. This trade represents a 26.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 31,000 shares of company stock worth $2,161,915 in the last three months. 4.01% of the stock is owned by insiders.

Institutional Trading of Travel + Leisure

Several large investors have recently modified their holdings of the business. Invesco Ltd. raised its position in Travel + Leisure by 4.2% during the 4th quarter. Invesco Ltd. now owns 3,632,657 shares of the company’s stock valued at $256,211,000 after purchasing an additional 146,484 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Travel + Leisure by 46.8% during the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after buying an additional 855,151 shares during the period. LSV Asset Management increased its stake in shares of Travel + Leisure by 1.1% during the fourth quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock valued at $113,741,000 after buying an additional 17,377 shares during the period. Quantinno Capital Management LP increased its stake in shares of Travel + Leisure by 21.7% during the first quarter. Quantinno Capital Management LP now owns 1,305,515 shares of the company’s stock valued at $90,329,000 after buying an additional 232,711 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Travel + Leisure by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,208,918 shares of the company’s stock valued at $85,281,000 after acquiring an additional 10,137 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

Key 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.