Travel + Leisure Co. (NYSE:TNL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Travel + Leisure Co. (NYSE:TNL) have been given an average rating of “Moderate Buy” by the ten ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $59.50.

TNL has been the subject of several research analyst reports. Truist Financial raised their price target on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Tigress Financial boosted their price target on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Barclays raised their price objective on shares of Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research report on Friday, December 13th. Finally, Morgan Stanley began coverage on Travel + Leisure in a research note on Monday. They set an “overweight” rating and a $67.00 target price for the company.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock opened at $51.18 on Thursday. Travel + Leisure has a 1 year low of $37.99 and a 1 year high of $56.91. The company has a 50-day moving average of $52.54 and a 200 day moving average of $47.44. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.77 and a beta of 1.64.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. The business had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.54 EPS. On average, equities 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 was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.91%. Travel + Leisure’s dividend payout ratio (DPR) is 33.96%.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 4,607 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total transaction of $249,929.75. Following the completion of the transaction, the insider now directly owns 120,602 shares of the company’s stock, valued at $6,542,658.50. This trade represents a 3.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the transaction, the director now owns 362,947 shares in the company, valued at $17,258,129.85. This trade represents a 18.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 99,016 shares of company stock worth $4,846,863. Insiders own 4.02% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TNL. Millennium Management LLC increased its position in shares of Travel + Leisure by 440.7% in the second quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock worth $27,624,000 after acquiring an additional 500,554 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Travel + Leisure by 318.4% during the second quarter. Acadian Asset Management LLC now owns 405,252 shares of the company’s stock worth $18,217,000 after buying an additional 308,391 shares in the last quarter. Algert Global LLC lifted its position in shares of Travel + Leisure by 168.9% during the 3rd quarter. Algert Global LLC now owns 319,279 shares of the company’s stock worth $14,712,000 after buying an additional 200,549 shares during the period. Point72 Asset Management L.P. bought a new stake in Travel + Leisure during the second quarter worth about $7,480,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Travel + Leisure by 21.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock worth $36,540,000 after buying an additional 138,153 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

About Travel + Leisure

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.