Travel + Leisure Co. (NYSE:TNL – Get Free Report) has received an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $85.25.
A number of brokerages have recently commented on TNL. Zacks Research upgraded shares of Travel + Leisure from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 3rd. Mizuho set a $108.00 price target on shares of Travel + Leisure in a research report on Wednesday, October 28th. Susquehanna dropped their price objective on shares of Travel + Leisure from $95.00 to $75.00 and set a “positive” rating for the company in a research note on Thursday, October 15th. Stifel Nicolaus set a $91.00 price objective on shares of Travel + Leisure in a report on Tuesday, October 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Travel + Leisure from $70.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, October 28th.
Insider Activity
In related news, CAO Thomas Michael Duncan sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $74.16, for a total value of $1,483,200.00. Following the completion of the sale, the chief accounting officer owned 5,307 shares of the company’s stock, valued at approximately $393,567.12. This trade represents a 79.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.01% of the stock is owned by company insiders.
Hedge Funds Weigh In On Travel + Leisure
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE purchased a new stake in shares of Travel + Leisure during the 2nd quarter valued at approximately $19,663,000. Allianz Asset Management GmbH grew its position in Travel + Leisure by 3,677.9% in the second 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 during the period. Kendall Capital Management purchased a new position in Travel + Leisure in the second quarter worth approximately $3,409,000. Deutsche Bank AG purchased a new position in Travel + Leisure in the second quarter worth approximately $7,399,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Travel + Leisure during the second quarter worth $1,416,000. Institutional investors and hedge funds own 87.54% of the company’s stock.
Travel + Leisure Stock Performance
Shares of TNL stock opened at $75.30 on Friday. The stock’s fifty day moving average is $66.13 and its two-hundred day moving average is $70.56. The firm has a market capitalization of $4.54 billion, a P/E ratio of 20.24, a PEG ratio of 0.74 and a beta of 1.21. Travel + Leisure has a fifty-two week low of $60.34 and a fifty-two week high of $81.00.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its earnings results on Tuesday, October 27th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.16. Travel + Leisure had a net margin of 5.66% and a negative return on equity of 46.63%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company posted $1.80 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts forecast that Travel + Leisure will post 7.77 earnings per share for the current year.
Travel + Leisure Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 11th will be given a $0.60 dividend. The ex-dividend date is Friday, December 11th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.2%. Travel + Leisure’s dividend payout ratio is 64.52%.
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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