Brokerages Set Travel + Leisure Co. (NYSE:TNL) Target Price at $55.67

Travel + Leisure Co. (NYSE:TNL) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $55.67.

Several research firms recently issued reports on TNL. Truist Financial decreased their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. The Goldman Sachs Group boosted their target price on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Finally, Barclays increased their price target on Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 24th.

Travel + Leisure Stock Performance

Shares of NYSE TNL opened at $53.78 on Wednesday. The firm has a market cap of $3.68 billion, a P/E ratio of 9.13, a price-to-earnings-growth ratio of 0.77 and a beta of 1.61. Travel + Leisure has a 1 year low of $35.41 and a 1 year high of $54.79. The firm’s 50 day moving average price is $47.01 and its 200 day moving average price is $45.28.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the firm earned $1.54 earnings per share. The business’s revenue was up .7% on a year-over-year basis. As a group, equities analysts predict that Travel + Leisure will post 5.77 EPS for the current year.

Travel + Leisure Dividend Announcement

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

Insider Transactions at Travel + Leisure

In related news, insider Geoffrey Richards sold 5,009 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total transaction of $261,269.44. Following the sale, the insider now directly owns 125,209 shares of the company’s stock, valued at approximately $6,530,901.44. This represents a 3.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 completion of the transaction, the director now directly owns 362,947 shares of the company’s stock, valued at approximately $17,258,129.85. This represents a 18.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,055 shares of company stock valued at $4,544,170. 4.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quest Partners LLC increased its holdings in shares of Travel + Leisure by 1,474.2% in the 2nd quarter. Quest Partners LLC now owns 22,181 shares of the company’s stock worth $998,000 after acquiring an additional 20,772 shares during the period. Acadian Asset Management LLC acquired a new position in Travel + Leisure during the 1st quarter worth $4,739,000. Harbor Capital Advisors Inc. grew its stake in shares of Travel + Leisure by 125.9% in the second quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company’s stock worth $2,393,000 after purchasing an additional 29,656 shares in the last quarter. Versor Investments LP raised its stake in shares of Travel + Leisure by 45.4% during the third quarter. Versor Investments LP now owns 40,290 shares of the company’s stock valued at $1,857,000 after purchasing an additional 12,585 shares in the last quarter. Finally, Hancock Whitney Corp acquired a new stake in Travel + Leisure in the second quarter worth about $1,925,000. 87.54% of the stock is currently owned by institutional investors.

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.