Travel + Leisure Co. (NYSE:TNL) Given Consensus Rating of “Moderate Buy” by Analysts

Travel + Leisure Co. (NYSE:TNL) has earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $54.83.

Several brokerages recently issued reports on TNL. Truist Financial lifted their target price on Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. JMP Securities began coverage on Travel + Leisure in a research report on Tuesday, February 13th. They set an “outperform” rating and a $50.00 target price on the stock. Mizuho began coverage on Travel + Leisure in a research report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 target price on the stock. Barclays lifted their target price on Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Jefferies Financial Group raised Travel + Leisure from a “hold” rating to a “buy” rating and lifted their target price for the company from $37.00 to $57.00 in a research report on Tuesday, January 2nd.

Insiders Place Their Bets

In other Travel + Leisure news, insider Kimberly Marshall sold 4,953 shares of the business’s stock in a transaction on Sunday, March 10th. The stock was sold at an average price of $45.24, for a total value of $224,073.72. Following the transaction, the insider now owns 54,657 shares of the company’s stock, valued at $2,472,682.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director George Herrera sold 2,969 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $45.33, for a total transaction of $134,584.77. Following the transaction, the director now owns 2,193 shares of the company’s stock, valued at approximately $99,408.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kimberly Marshall sold 4,953 shares of the company’s stock in a transaction on Sunday, March 10th. The shares were sold at an average price of $45.24, for a total value of $224,073.72. Following the transaction, the insider now directly owns 54,657 shares in the company, valued at approximately $2,472,682.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,922 shares of company stock valued at $1,318,358. Insiders own 4.02% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TNL. LSV Asset Management raised its stake in shares of Travel + Leisure by 2.0% during the 3rd quarter. LSV Asset Management now owns 572,309 shares of the company’s stock valued at $21,021,000 after purchasing an additional 11,400 shares during the period. Oak Thistle LLC bought a new stake in shares of Travel + Leisure during the 4th quarter valued at $1,046,000. Stifel Financial Corp raised its stake in shares of Travel + Leisure by 55.5% during the 3rd quarter. Stifel Financial Corp now owns 164,295 shares of the company’s stock valued at $6,035,000 after purchasing an additional 58,629 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Travel + Leisure during the 3rd quarter valued at $1,245,000. Finally, Hsbc Holdings PLC raised its stake in shares of Travel + Leisure by 747.6% during the 3rd quarter. Hsbc Holdings PLC now owns 159,662 shares of the company’s stock valued at $5,864,000 after purchasing an additional 140,826 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Up 0.2 %

NYSE TNL opened at $45.79 on Friday. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 1.25 and a beta of 1.63. Travel + Leisure has a 52 week low of $32.10 and a 52 week high of $49.02. The business has a 50 day moving average price of $45.53 and a 200-day moving average price of $40.49.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. The firm had revenue of $916.00 million during the quarter, compared to the consensus estimate of $904.54 million. Travel + Leisure had a negative return on equity of 43.80% and a net margin of 10.54%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 earnings per share. On average, equities research analysts anticipate that Travel + Leisure will post 5.42 earnings per share for the current year.

Travel + Leisure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were given a $0.50 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $2.00 annualized dividend and a yield of 4.37%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.45. Travel + Leisure’s payout ratio is currently 36.83%.

Travel + Leisure Company Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.