Travel + Leisure Co. (NYSE:TNL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Travel + Leisure Co. (NYSE:TNL – Get Free Report) have been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $89.18.

A number of analysts have weighed in on TNL shares. Susquehanna started coverage on Travel + Leisure in a research note on Tuesday, August 18th. They issued a “positive” rating and a $95.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Travel + Leisure from $87.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Barclays upped their price target on shares of Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Mizuho raised their price target on shares of Travel + Leisure from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Finally, Truist Financial decreased their price objective on shares of Travel + Leisure from $88.00 to $86.00 and set a “buy” rating for the company in a report on Thursday, September 10th.

View Our Latest Analysis on Travel + Leisure

Travel + Leisure Price Performance

Shares of NYSE:TNL opened at $63.66 on Friday. The firm has a market capitalization of $3.90 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 0.43 and a beta of 1.15. The business has a 50 day simple moving average of $70.74 and a two-hundred day simple moving average of $70.90. Travel + Leisure has a 1 year low of $58.07 and a 1 year high of $81.00.

Travel + Leisure (NYSE:TNL – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, hitting the consensus estimate of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business posted $1.65 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts expect that Travel + Leisure will post 7.7 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.8%. Travel + Leisure’s dividend payout ratio (DPR) is 65.57%.

Insider Activity

In other news, insider Kimberly Marshall sold 32,691 shares of Travel + Leisure stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $75.00, for a total transaction of $2,451,825.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Geoffrey Richards sold 33,744 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $75.65, for a total value of $2,552,733.60. Following the completion of the sale, the insider owned 1,600 shares of the company’s stock, valued at $121,040. The trade was a 95.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 86,635 shares of company stock valued at $6,503,559. Corporate insiders own 4.01% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

A number of hedge funds and other institutional investors have recently made changes to their positions in TNL. Envestnet Asset Management Inc. increased its stake in shares of Travel + Leisure by 5.3% during the second quarter. Envestnet Asset Management Inc. now owns 802,110 shares of the company’s stock valued at $61,305,000 after buying an additional 40,573 shares during the period. State Street Corp lifted its stake in Travel + Leisure by 0.4% in the second quarter. State Street Corp now owns 2,157,772 shares of the company’s stock worth $164,919,000 after acquiring an additional 7,641 shares during the period. NewEdge Advisors LLC lifted its stake in Travel + Leisure by 13,195.5% in the second quarter. NewEdge Advisors LLC now owns 2,925 shares of the company’s stock worth $224,000 after acquiring an additional 2,903 shares during the period. Nykredit A S bought a new position in Travel + Leisure during the 2nd quarter worth about $216,000. Finally, Allianz Asset Management GmbH grew its holdings in Travel + Leisure by 3,677.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 301,478 shares of the company’s stock worth $23,042,000 after acquiring an additional 293,498 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Company Profile

(Get Free Report)

Travel + Leisure Co (NYSE:TNL) is a hospitality and leisure company focused primarily on vacation ownership, membership, and travel services. The company develops, sells, and manages vacation ownership interests and related travel products through brands that include Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and Travel + Leisure Co vacation ownership offerings.

The company also operates RCI, a vacation exchange network that enables members of affiliated vacation ownership programs to exchange accommodations in destinations around the world.

Further Reading

Analyst Recommendations for Travel + Leisure (NYSE:TNL)

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