Travel + Leisure Co. (NYSE:TNL) Receives $63.70 Average Target Price from Brokerages

Shares of Travel + Leisure Co. (NYSE:TNL) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $62.20.

Several equities analysts have recently commented on TNL shares. Barclays boosted their price target on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. Truist Financial boosted their target price on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Mizuho reaffirmed a “neutral” rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Morgan Stanley initiated coverage on Travel + Leisure in a research note on Monday, January 6th. They issued an “overweight” rating and a $67.00 price target for the company. Finally, Tigress Financial raised their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 6th.

Travel + Leisure Trading Down 0.4 %

Shares of NYSE TNL opened at $41.44 on Friday. Travel + Leisure has a one year low of $37.77 and a one year high of $58.95. The business has a 50-day moving average price of $49.98 and a two-hundred day moving average price of $50.80. The firm has a market capitalization of $2.76 billion, a PE ratio of 7.10, a PEG ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. The business had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $1.98 earnings per share. Research analysts anticipate that Travel + Leisure will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 5.41%. The ex-dividend date was Monday, March 17th. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio (DPR) is 38.36%.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown acquired 2,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the purchase, the insider now owns 408,706 shares of the company’s stock, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director George Herrera sold 6,336 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the sale, the director now owns 2,759 shares of the company’s stock, valued at approximately $129,121.20. The trade was a 69.66 % decrease in their position. The disclosure for this sale can be found here. 4.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travel + Leisure

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC grew its position in Travel + Leisure by 80.4% in the 3rd quarter. Barclays PLC now owns 225,326 shares of the company’s stock worth $10,383,000 after purchasing an additional 100,440 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of Travel + Leisure in the fourth quarter valued at about $1,288,000. Atlas Capital Advisors Inc. lifted its stake in shares of Travel + Leisure by 1,141.0% in the fourth quarter. Atlas Capital Advisors Inc. now owns 11,765 shares of the company’s stock valued at $594,000 after buying an additional 10,817 shares during the period. Amundi increased its stake in Travel + Leisure by 22.8% during the fourth quarter. Amundi now owns 5,940 shares of the company’s stock valued at $302,000 after acquiring an additional 1,103 shares during the period. Finally, Captrust Financial Advisors bought a new position in Travel + Leisure during the third quarter valued at about $224,000. 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.