Travel + Leisure Co. (NYSE:TNL – Get Free Report) has earned an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $85.00.
Several analysts have recently commented on TNL shares. Mizuho reduced their target price on shares of Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Citizens Jmp raised their target price on shares of Travel + Leisure from $80.00 to $90.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 19th. Stifel Nicolaus set a $89.00 price objective on shares of Travel + Leisure in a research note on Wednesday, February 18th. Barclays reduced their price objective on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group raised their price objective on shares of Travel + Leisure from $71.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th.
Read Our Latest Research Report on TNL
Travel + Leisure Stock Performance
Travel + Leisure (NYSE:TNL – Get Free Report) last released its earnings results on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.31 by $0.14. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The company had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $954.81 million. During the same quarter last year, the business earned $1.11 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Equities analysts forecast that Travel + Leisure will post 7.46 earnings per share for the current fiscal year.
Travel + Leisure Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 20th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.8%. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.56. The ex-dividend date was Friday, March 20th. Travel + Leisure’s dividend payout ratio (DPR) is 67.42%.
Insider Activity at Travel + Leisure
In related news, CFO Erik D. Hoag acquired 1,000 shares of Travel + Leisure stock in a transaction that occurred on Thursday, April 23rd. The stock was purchased at an average price of $65.67 per share, for a total transaction of $65,670.00. Following the completion of the purchase, the chief financial officer directly owned 1,000 shares of the company’s stock, valued at approximately $65,670. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Denny Marie Post sold 2,500 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $63.83, for a total transaction of $159,575.00. Following the completion of the sale, the director owned 1,977 shares of the company’s stock, valued at $126,191.91. This trade represents a 55.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 124,238 shares of company stock worth $9,295,629 over the last three months. 4.01% of the stock is currently owned by company insiders.
Institutional Trading of Travel + Leisure
Several hedge funds and other institutional investors have recently made changes to their positions in TNL. Baron Wealth Management LLC raised its position in Travel + Leisure by 2.8% during the first quarter. Baron Wealth Management LLC now owns 4,953 shares of the company’s stock worth $343,000 after acquiring an additional 133 shares during the last quarter. Diversified Trust Co raised its position in Travel + Leisure by 0.7% during the first quarter. Diversified Trust Co now owns 19,393 shares of the company’s stock worth $1,342,000 after acquiring an additional 137 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Travel + Leisure by 2.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company’s stock worth $408,000 after acquiring an additional 148 shares during the last quarter. Evolve Private Wealth LLC raised its position in Travel + Leisure by 1.7% during the first quarter. Evolve Private Wealth LLC now owns 9,270 shares of the company’s stock worth $641,000 after acquiring an additional 156 shares during the last quarter. Finally, Rossby Financial LCC raised its position in Travel + Leisure by 13.1% during the third quarter. Rossby Financial LCC now owns 1,408 shares of the company’s stock worth $85,000 after acquiring an additional 163 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.
Travel + Leisure Company Profile
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.
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