Brokerages Set Travel + Leisure Co. (NYSE:TNL) Price Target at $56.80

Shares of Travel + Leisure Co. (NYSE:TNL) have received an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $57.80.

Several analysts have recently issued reports on TNL shares. The Goldman Sachs Group increased their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday. Stifel Nicolaus increased their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays increased their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. Truist Financial increased their price target on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Tigress Financial increased their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 2,193 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now directly owns 6,352 shares in the company, valued at $269,832.96. This represents a 25.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 have sold 104,455 shares of company stock worth $5,075,834 over the last three months. Insiders own 4.02% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

A number of hedge funds have recently modified their holdings of TNL. Cetera Advisors LLC purchased a new position in shares of Travel + Leisure during the first quarter worth approximately $206,000. QRG Capital Management Inc. grew its position in shares of Travel + Leisure by 2.5% during the second quarter. QRG Capital Management Inc. now owns 18,005 shares of the company’s stock worth $810,000 after acquiring an additional 432 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Travel + Leisure by 231.4% during the second quarter. SG Americas Securities LLC now owns 12,111 shares of the company’s stock worth $545,000 after acquiring an additional 8,457 shares during the last quarter. Diversified Trust Co grew its position in shares of Travel + Leisure by 37.0% during the second quarter. Diversified Trust Co now owns 16,104 shares of the company’s stock worth $724,000 after acquiring an additional 4,348 shares during the last quarter. Finally, TCW Group Inc. grew its position in shares of Travel + Leisure by 16.8% during the second quarter. TCW Group Inc. now owns 427,958 shares of the company’s stock worth $19,250,000 after acquiring an additional 61,443 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Price Performance

NYSE TNL opened at $53.81 on Friday. The firm’s 50-day moving average is $50.68 and its two-hundred day moving average is $46.47. Travel + Leisure has a 12 month low of $36.77 and a 12 month high of $56.91. The stock has a market capitalization of $3.68 billion, a P/E ratio of 9.14, a PEG ratio of 0.80 and a beta of 1.63.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, October 23rd. The company reported $1.57 EPS 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 for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company posted $1.54 earnings per share. Travel + Leisure’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, analysts anticipate that Travel + Leisure will post 5.75 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 annualized dividend and a yield of 3.72%. Travel + Leisure’s dividend payout ratio (DPR) is 33.96%.

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.