Travel + Leisure (NYSE:TNL) Price Target Raised to $49.00 at The Goldman Sachs Group

Travel + Leisure (NYSE:TNL) had its price objective increased by The Goldman Sachs Group from $44.00 to $49.00 in a research report report published on Thursday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

A number of other brokerages have also commented on TNL. Deutsche Bank Aktiengesellschaft dropped their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Tigress Financial upped their price target on shares of Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, July 29th. JPMorgan Chase & Co. lifted their target price on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Truist Financial decreased their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, Barclays upped their price objective on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.00.

Travel + Leisure Trading Up 0.7 %

Shares of TNL stock opened at $47.61 on Thursday. Travel + Leisure has a 12-month low of $32.10 and a 12-month high of $49.91. The firm’s 50 day moving average is $44.57 and its 200 day moving average is $44.62. The stock has a market capitalization of $3.32 billion, a P/E ratio of 7.95, a P/E/G ratio of 0.62 and a beta of 1.62.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The company had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the company posted $1.54 EPS. The firm’s revenue was up .7% on a year-over-year basis. As a group, equities analysts predict that Travel + Leisure will post 5.67 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.50 per share. The ex-dividend date was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 4.20%. Travel + Leisure’s payout ratio is 33.39%.

Insider Activity

In other Travel + Leisure news, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total transaction of $93,158.64. Following the completion of the sale, the director now directly owns 6,352 shares in the company, valued at $269,832.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Amandine Robin-Caplan sold 3,246 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the sale, the insider now directly owns 24,491 shares in the company, valued at approximately $1,024,703.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Herrera sold 2,193 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the transaction, the director now owns 6,352 shares in the company, valued at approximately $269,832.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.02% of the company’s stock.

Institutional Trading of Travel + Leisure

A number of large investors have recently bought and sold shares of the business. Swedbank AB acquired a new position in Travel + Leisure during the first quarter worth $33,598,000. Millennium Management LLC increased its position in Travel + Leisure by 440.7% during the second quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock worth $27,624,000 after purchasing an additional 500,554 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Travel + Leisure by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock worth $419,136,000 after purchasing an additional 466,640 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Travel + Leisure by 318.4% during the 2nd quarter. Acadian Asset Management LLC now owns 405,252 shares of the company’s stock valued at $18,217,000 after acquiring an additional 308,391 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Travel + Leisure in the second quarter valued at approximately $7,480,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

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.