Travel + Leisure (NYSE:TNL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Travel + Leisure (NYSE:TNL) from a hold rating to a buy rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also recently commented on the company. Citizens Jmp raised their price objective on Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a research note on Thursday, February 19th. Stifel Nicolaus set a $89.00 price objective on Travel + Leisure in a research note on Wednesday, February 18th. Wells Fargo & Company raised their price objective on Travel + Leisure from $81.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Weiss Ratings cut Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Finally, Mizuho set a $107.00 price objective on Travel + Leisure in a research note on Thursday, February 19th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Travel + Leisure currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.90.

Travel + Leisure Price Performance

NYSE TNL opened at $77.10 on Friday. The business has a 50 day simple moving average of $72.28 and a 200 day simple moving average of $68.92. Travel + Leisure has a one year low of $40.29 and a one year high of $81.00. The stock has a market capitalization of $4.81 billion, a P/E ratio of 22.61, a P/E/G ratio of 0.57 and a beta of 1.32.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, February 18th. The company reported $1.83 EPS for the quarter, hitting the consensus estimate of $1.83. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the firm posted $1.72 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. Equities analysts expect that Travel + Leisure will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were issued a $0.60 dividend. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, March 20th. Travel + Leisure’s dividend payout ratio is 70.38%.

Insider Activity

In other news, insider Michael Dean Brown sold 66,860 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $74.03, for a total value of $4,949,645.80. Following the transaction, the insider owned 427,821 shares in the company, valued at $31,671,588.63. This trade represents a 13.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amandine Robin-Caplan sold 3,904 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $74.61, for a total value of $291,277.44. The disclosure for this sale is available in the SEC filing. Insiders have sold 99,664 shares of company stock worth $7,390,847 over the last 90 days. 3.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TNL. Norges Bank bought a new position in shares of Travel + Leisure in the fourth quarter valued at approximately $62,162,000. AQR Capital Management LLC lifted its holdings in shares of Travel + Leisure by 46.8% in the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after purchasing an additional 855,151 shares in the last quarter. Truist Financial Corp bought a new position in shares of Travel + Leisure in the third quarter valued at approximately $38,959,000. Jupiter Asset Management Ltd. lifted its holdings in shares of Travel + Leisure by 13,198.4% in the third quarter. Jupiter Asset Management Ltd. now owns 521,031 shares of the company’s stock valued at $30,996,000 after purchasing an additional 517,113 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Travel + Leisure by 231.1% in the third quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock valued at $41,143,000 after purchasing an additional 482,731 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.