Travel + Leisure (NYSE:TNL) Price Target Raised to $66.00

Travel + Leisure (NYSE:TNL) had its price objective hoisted by Stifel Nicolaus from $59.00 to $66.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also recently commented on TNL. Barclays upped their target price 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. The Goldman Sachs Group upped their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Tigress Financial upped their target price 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. Finally, Truist Financial decreased their price objective on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $56.80.

Travel + Leisure Stock Performance

NYSE TNL opened at $55.38 on Tuesday. The company has a 50-day simple moving average of $48.96 and a 200-day simple moving average of $45.83. The firm has a market capitalization of $3.79 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 0.80 and a beta of 1.61. Travel + Leisure has a one year low of $35.41 and a one year high of $56.91.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm earned $1.54 EPS. Travel + Leisure’s quarterly revenue was up .7% on a year-over-year basis. Equities analysts forecast that Travel + Leisure will post 5.77 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Friday, December 13th. Travel + Leisure’s payout ratio is 33.96%.

Insider Buying and Selling

In related news, insider Amandine Robin-Caplan sold 3,246 shares of the firm’s 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 sale, the insider now directly owns 24,491 shares in the company, valued at approximately $1,024,703.44. This trade represents a 11.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Geoffrey Richards sold 5,009 shares of the firm’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 owns 125,209 shares of the company’s stock, valued at $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. Over the last ninety days, insiders sold 104,455 shares of company stock worth $5,075,834. Corporate insiders own 4.02% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

Hedge funds have recently made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after acquiring an additional 526 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Travel + Leisure in the 2nd quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC lifted its position in shares of Travel + Leisure by 2,759.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after acquiring an additional 607 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of Travel + Leisure in the 2nd quarter valued at approximately $31,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Travel + Leisure in the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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.