Travel + Leisure Co. (NYSE:TNL) Receives $63.70 Average PT from Analysts

Shares of Travel + Leisure Co. (NYSE:TNL) have earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $63.70.

Several research firms recently commented on TNL. Mizuho reaffirmed a “neutral” rating and set a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Truist Financial raised their price objective on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a report on Friday, March 7th. The Goldman Sachs Group lifted their price target on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Finally, Morgan Stanley started coverage on Travel + Leisure in a research report on Monday, January 6th. They set an “overweight” rating and a $67.00 price objective on the stock.

Insider Activity

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the sale, the director now owns 2,759 shares in the company, valued at $129,121.20. This represents a 69.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Dean Brown purchased 2,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the acquisition, the insider now owns 408,706 shares in the company, valued at $19,070,221.96. This trade represents a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.02% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TNL. Atria Investments Inc increased its holdings in shares of Travel + Leisure by 14.4% in the 3rd quarter. Atria Investments Inc now owns 5,345 shares of the company’s stock valued at $246,000 after acquiring an additional 672 shares during the last quarter. Empowered Funds LLC lifted its position in Travel + Leisure by 57.7% during the 3rd quarter. Empowered Funds LLC now owns 15,008 shares of the company’s stock worth $692,000 after acquiring an additional 5,494 shares during the period. Quest Partners LLC lifted its position in Travel + Leisure by 42.3% during the 3rd quarter. Quest Partners LLC now owns 31,564 shares of the company’s stock worth $1,454,000 after acquiring an additional 9,383 shares during the period. Savoir Faire Capital Management L.P. lifted its position in Travel + Leisure by 70.4% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 34,087 shares of the company’s stock worth $1,571,000 after acquiring an additional 14,087 shares during the period. Finally, Factorial Partners LLC lifted its position in Travel + Leisure by 7.9% during the 3rd quarter. Factorial Partners LLC now owns 68,000 shares of the company’s stock worth $3,133,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Down 0.9 %

Shares of NYSE:TNL opened at $47.55 on Tuesday. Travel + Leisure has a 52-week low of $39.91 and a 52-week high of $58.95. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 0.67 and a beta of 1.61. The business has a 50-day moving average price of $53.43 and a 200-day moving average price of $50.68.

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

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio is 38.36%.

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.