Travel + Leisure (NYSE:TNL) Price Target Raised to $48.00

Travel + Leisure (NYSE:TNL) had its price objective increased by Barclays from $44.00 to $48.00 in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other research analysts also recently issued research reports about the stock. Mizuho started coverage on shares of Travel + Leisure in a research note on Tuesday, March 26th. They issued a neutral rating and a $55.00 price target on the stock. JMP Securities started coverage on shares of Travel + Leisure in a research note on Tuesday, February 13th. They issued an outperform rating and a $50.00 price target on the stock. Truist Financial raised their price target on shares of Travel + Leisure from $59.00 to $65.00 and gave the stock a buy rating in a research note on Tuesday, March 5th. Finally, Jefferies Financial Group raised shares of Travel + Leisure from a hold rating to a buy rating and raised their price target for the stock from $37.00 to $57.00 in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $54.83.

Travel + Leisure Trading Up 0.3 %

Shares of TNL opened at $45.81 on Thursday. Travel + Leisure has a twelve month low of $32.10 and a twelve month high of $49.02. The company has a market cap of $3.26 billion, a P/E ratio of 8.44, a P/E/G ratio of 1.24 and a beta of 1.63. The company’s fifty day simple moving average is $45.62 and its 200-day simple moving average is $40.61.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. The company had revenue of $916.00 million for the quarter, compared to the consensus estimate of $904.54 million. Travel + Leisure had a net margin of 10.54% and a negative return on equity of 44.34%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. Analysts predict that Travel + Leisure will post 5.48 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.50 per share. 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. The ex-dividend date was Wednesday, March 20th. Travel + Leisure’s dividend payout ratio is presently 36.83%.

Insiders Place Their Bets

In other news, insider James J. Savina sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total value of $677,700.00. Following the sale, the insider now directly owns 15,860 shares in the company, valued at approximately $716,554.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider James J. Savina sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total value of $677,700.00. Following the sale, the insider now directly owns 15,860 shares in the company, valued at approximately $716,554.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kimberly Marshall sold 4,953 shares of the firm’s stock in a transaction dated Sunday, March 10th. The shares were sold at an average price of $45.24, for a total transaction of $224,073.72. Following the completion of the sale, the insider now owns 54,657 shares in the company, valued at $2,472,682.68. The disclosure for this sale can be found here. Insiders have sold a total of 28,922 shares of company stock worth $1,318,358 in the last three months. Corporate insiders own 4.02% of the company’s stock.

Institutional Trading of Travel + Leisure

A number of institutional investors have recently modified their holdings of TNL. Quent Capital LLC raised its position in shares of Travel + Leisure by 23.6% in the 4th quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock valued at $57,000 after purchasing an additional 278 shares during the last quarter. State of Michigan Retirement System raised its position in shares of Travel + Leisure by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 17,807 shares of the company’s stock valued at $872,000 after purchasing an additional 400 shares during the last quarter. Allworth Financial LP raised its position in shares of Travel + Leisure by 147.5% in the 4th quarter. Allworth Financial LP now owns 698 shares of the company’s stock valued at $27,000 after purchasing an additional 416 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Travel + Leisure by 1.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,068 shares of the company’s stock valued at $1,668,000 after purchasing an additional 445 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Travel + Leisure by 2.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 20,800 shares of the company’s stock valued at $1,018,000 after purchasing an additional 500 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

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.