Travel + Leisure Co. (NYSE:TNL) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Travel + Leisure Co. (NYSE:TNL) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $58.67.

A number of research analysts recently commented on the company. Truist Financial raised their price target on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus upped their target price on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised their target price on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Barclays upped their price objective on Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group lifted their target price on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th.

Travel + Leisure Stock Performance

NYSE:TNL opened at $50.45 on Thursday. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 8.57, a P/E/G ratio of 0.77 and a beta of 1.63. Travel + Leisure has a 52 week low of $37.99 and a 52 week high of $56.91. The firm’s 50-day simple moving average is $52.39 and its 200 day simple moving average is $47.29.

Travel + Leisure (NYSE:TNL) last released its quarterly 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. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. 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 business earned $1.54 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts anticipate that Travel + Leisure will post 5.75 EPS for the current year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.96%. Travel + Leisure’s dividend payout ratio is 33.96%.

Insider Activity at Travel + Leisure

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

Institutional Trading of Travel + Leisure

Institutional investors have recently bought and sold shares of the company. UMB Bank n.a. raised its position in shares of Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after acquiring an additional 526 shares in the last quarter. 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. Larson Financial Group LLC acquired a new position in shares of Travel + Leisure during the 2nd quarter valued at $36,000. DekaBank Deutsche Girozentrale bought a new position in Travel + Leisure during the second quarter worth $38,000. Finally, Brooklyn Investment Group bought a new position in shares of Travel + Leisure during the 3rd quarter worth about $43,000. Institutional investors 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.