Travel + Leisure (NYSE:TNL) Price Target Raised to $61.00 at Truist Financial

Travel + Leisure (NYSE:TNL) had its price target raised by Truist Financial from $60.00 to $61.00 in a report released on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other equities analysts also recently commented on the company. Stifel Nicolaus raised their target price on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays lifted their price objective on Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Tigress Financial upped their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group increased their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.80.

Travel + Leisure Price Performance

Shares of TNL stock opened at $55.87 on Tuesday. Travel + Leisure has a one year low of $35.41 and a one year high of $56.91. The stock has a fifty day moving average price of $49.19 and a 200 day moving average price of $45.89. The stock has a market cap of $3.82 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 0.80 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. The company had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the firm earned $1.54 EPS. Equities research analysts anticipate that Travel + Leisure will post 5.75 EPS for the current year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.58%. Travel + Leisure’s dividend payout ratio (DPR) is currently 33.96%.

Insider Activity at Travel + Leisure

In related news, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the completion of the sale, the director now directly owns 362,947 shares of the company’s stock, valued at $17,258,129.85. The trade was a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the transaction, the insider now owns 24,491 shares in the company, valued at $1,024,703.44. This represents a 11.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,455 shares of company stock valued at $5,075,834 over the last quarter. Corporate insiders own 4.02% of the company’s stock.

Institutional Trading of Travel + Leisure

Several institutional investors and hedge funds have recently made changes to their positions in TNL. UMB Bank n.a. grew its stake in shares of Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 526 shares during the period. Versant Capital Management Inc bought a new position in Travel + Leisure during the second quarter worth about $27,000. Allspring Global Investments Holdings LLC grew its position in shares of Travel + Leisure by 2,759.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after buying an additional 607 shares during the period. Family Firm Inc. bought a new stake in shares of Travel + Leisure in the 2nd quarter valued at about $31,000. Finally, Larson Financial Group LLC acquired a new stake in shares of Travel + Leisure in the 2nd quarter valued at approximately $36,000. Institutional investors 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.