Travel + Leisure (NYSE:TNL – Free Report) had its target price increased by Morgan Stanley from $78.00 to $83.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.
Several other analysts also recently commented on TNL. Barclays lowered their target price on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a report on Thursday, April 23rd. Weiss Ratings raised shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Wells Fargo & Company decreased their price objective on shares of Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Finally, Mizuho dropped their target price on shares of Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.90.
View Our Latest Stock Report on Travel + Leisure
Travel + Leisure Stock Up 0.2%
Travel + Leisure (NYSE:TNL – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.14. The business had revenue of $961.00 million during the quarter, compared to analyst estimates of $954.80 million. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.Travel + Leisure’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 EPS. As a group, equities research analysts expect that Travel + Leisure will post 7.49 earnings per share for the current year.
Travel + Leisure Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, June 12th. Travel + Leisure’s dividend payout ratio (DPR) is currently 67.42%.
Insider Buying and Selling at Travel + Leisure
In related news, Director Denny Marie Post sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $63.83, for a total transaction of $159,575.00. Following the sale, the director directly owned 1,977 shares in the company, valued at approximately $126,191.91. This represents a 55.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George Herrera sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $37,580.00. Following the completion of the transaction, the director directly owned 1,353 shares of the company’s stock, valued at approximately $101,691.48. This trade represents a 26.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,000 shares of company stock worth $2,161,915 over the last three months. Company insiders own 4.01% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in shares of Travel + Leisure during the 4th quarter valued at $11,657,000. Tudor Investment Corp ET AL purchased a new stake in Travel + Leisure during the 3rd quarter worth about $6,404,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Travel + Leisure by 22.3% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 199,224 shares of the company’s stock worth $14,051,000 after purchasing an additional 36,308 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Travel + Leisure in the 4th quarter worth about $2,231,000. Finally, LSV Asset Management grew its holdings in Travel + Leisure by 1.1% during the 4th quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock valued at $113,741,000 after buying an additional 17,377 shares in the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.
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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