Travel + Leisure (NYSE:TNL – Free Report) had its price target hoisted by JPMorgan Chase & Co. from $70.00 to $72.00 in a research report report published on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.
A number of other equities research analysts also recently weighed in on TNL. The Goldman Sachs Group dropped their price target on shares of Travel + Leisure from $87.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, October 15th. Mizuho set a $108.00 price target on Travel + Leisure in a research note on Wednesday. Susquehanna reduced their price target on Travel + Leisure from $95.00 to $75.00 and set a “positive” rating on the stock in a research report on Thursday, October 15th. Wells Fargo & Company lowered their price objective on Travel + Leisure from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Travel + Leisure in a report on Monday, October 19th. Eleven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $85.25.
View Our Latest Analysis on Travel + Leisure
Travel + Leisure Stock Performance
TNL stock opened at $71.60 on Wednesday. The company’s 50-day simple moving average is $65.83 and its 200 day simple moving average is $70.49. Travel + Leisure has a 52 week low of $60.34 and a 52 week high of $81.00. The company has a market capitalization of $4.31 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its quarterly earnings results on Tuesday, October 27th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Travel + Leisure had a net margin of 5.66% and a negative return on equity of 46.63%. Travel + Leisure’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $1.80 earnings per share. On average, analysts forecast that Travel + Leisure will post 7.77 EPS for the current year.
Travel + Leisure Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a $0.60 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $2.40 annualized dividend and a dividend yield of 3.4%. Travel + Leisure’s payout ratio is presently 64.52%.
Insider Buying and Selling
In other Travel + Leisure news, CAO Thomas Michael Duncan sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $74.16, for a total transaction of $1,483,200.00. Following the completion of the transaction, the chief accounting officer directly owned 5,307 shares in the company, valued at $393,567.12. The trade was a 79.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.01% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC boosted its stake in shares of Travel + Leisure by 3.8% in the 1st quarter. Sanctuary Advisors LLC now owns 5,234 shares of the company’s stock worth $362,000 after buying an additional 190 shares during the last quarter. Assetmark Inc. increased its position in Travel + Leisure by 43.8% during the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after acquiring an additional 191 shares during the last quarter. HUB Investment Partners LLC lifted its holdings in Travel + Leisure by 3.2% in the second quarter. HUB Investment Partners LLC now owns 7,143 shares of the company’s stock valued at $546,000 after acquiring an additional 220 shares during the period. Swiss Life Asset Management Ltd lifted its holdings in Travel + Leisure by 6.0% in the second quarter. Swiss Life Asset Management Ltd now owns 4,229 shares of the company’s stock valued at $323,000 after acquiring an additional 241 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in Travel + Leisure by 27.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,241 shares of the company’s stock worth $88,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.
About Travel + Leisure
Travel + Leisure Co (NYSE:TNL) is a hospitality and leisure travel company that operates vacation ownership, exchange, and membership businesses. The company provides travelers with access to resort accommodations, vacation experiences, travel services, and related lifestyle offerings through a portfolio of consumer brands.
Its vacation ownership business includes brands such as Club Wyndham, WorldMark by Wyndham, and Margaritaville Vacation Club, offering members interests in vacation properties and access to resort destinations.
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