Brokerages Set Travel + Leisure Co. (NYSE:TNL) Target Price at $58.67

Shares of Travel + Leisure Co. (NYSE:TNL) have earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $58.67.

A number of research firms recently commented on TNL. Truist Financial increased their price objective on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group increased their price objective on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Tigress Financial boosted their target price on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays lifted their price target on shares of Travel + Leisure from $41.00 to $48.00 and gave the company an “underweight” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus raised their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th.

Travel + Leisure Trading Down 0.1 %

Shares of NYSE TNL opened at $49.85 on Thursday. The firm has a market capitalization of $3.41 billion, a PE ratio of 8.46, a PEG ratio of 0.77 and a beta of 1.63. Travel + Leisure has a one year low of $37.99 and a one year high of $56.91. The business has a 50-day moving average price of $52.48 and a two-hundred day moving average price of $47.36.

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

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Friday, December 13th. Travel + Leisure’s payout ratio is 33.96%.

Insider Transactions at Travel + Leisure

In other news, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure 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 owns 362,947 shares in the company, valued at $17,258,129.85. The trade was a 18.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Geoffrey Richards sold 5,009 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total transaction of $261,269.44. Following the completion of the transaction, the insider now directly owns 125,209 shares in the company, valued at approximately $6,530,901.44. The trade was a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,016 shares of company stock valued at $4,846,863 in the last three months. 4.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Travel + Leisure by 30.7% during the fourth quarter. GAMMA Investing LLC now owns 1,615 shares of the company’s stock worth $81,000 after buying an additional 379 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after buying an additional 210 shares in the last quarter. Franklin Resources Inc. increased its holdings in Travel + Leisure by 182.9% during the third quarter. Franklin Resources Inc. now owns 51,216 shares of the company’s stock worth $2,337,000 after buying an additional 33,111 shares during the last quarter. Sanctuary Advisors LLC raised its position in Travel + Leisure by 168.3% during the third quarter. Sanctuary Advisors LLC now owns 16,550 shares of the company’s stock worth $763,000 after acquiring an additional 10,382 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in Travel + Leisure in the third quarter valued at $1,180,000. 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.