Travel + Leisure Co. (NYSE:TNL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Travel + Leisure Co. (NYSE:TNL) have received an average rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $59.20.

Several equities research analysts have recently commented on TNL shares. Truist Financial upped their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Barclays cut their price objective on Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating for the company in a research note on Thursday, April 24th. Morgan Stanley cut their price objective on Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Mizuho reiterated a “neutral” rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group cut their price objective on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, April 14th.

Insider Buying and Selling

In related news, Director George Herrera sold 6,336 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the transaction, the director now directly owns 2,759 shares of the company’s stock, valued at approximately $129,121.20. The trade was a 69.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Denny Marie Post sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $50.20, for a total value of $276,100.00. Following the completion of the transaction, the director now directly owns 4,477 shares in the company, valued at approximately $224,745.40. This represents a 55.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its holdings in Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after buying an additional 181 shares during the period. Cerity Partners LLC raised its holdings in Travel + Leisure by 1.0% during the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company’s stock valued at $986,000 after buying an additional 200 shares during the period. Capital Analysts LLC raised its holdings in Travel + Leisure by 16.8% during the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company’s stock valued at $80,000 after buying an additional 227 shares during the period. Hourglass Capital LLC raised its holdings in Travel + Leisure by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 36,230 shares of the company’s stock valued at $1,828,000 after buying an additional 230 shares during the period. Finally, KBC Group NV raised its holdings in Travel + Leisure by 8.1% during the 1st quarter. KBC Group NV now owns 3,128 shares of the company’s stock valued at $145,000 after buying an additional 235 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

Travel + Leisure Stock Up 2.9%

NYSE TNL opened at $50.05 on Friday. Travel + Leisure has a 52 week low of $37.77 and a 52 week high of $58.95. The firm has a market capitalization of $3.32 billion, a P/E ratio of 8.57, a PEG ratio of 0.67 and a beta of 1.37. The company has a 50-day moving average price of $45.75 and a 200-day moving average price of $50.26.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.10 by $0.01. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $933.08 million. During the same quarter in the prior year, the firm earned $0.97 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Travel + Leisure will post 6.46 EPS for the current year.

Travel + Leisure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a yield of 4.48%. Travel + Leisure’s dividend payout ratio is presently 37.40%.

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.