Travel + Leisure Co. (NYSE:TNL) Receives $54.83 Consensus Target Price from Brokerages

Travel + Leisure Co. (NYSE:TNL) has earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $54.83.

TNL has been the topic of a number of research analyst reports. Barclays lifted their target price on Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Truist Financial lifted their target price on Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. JMP Securities started coverage on Travel + Leisure in a report on Tuesday, February 13th. They set an “outperform” rating and a $50.00 price target on the stock. Finally, Mizuho started coverage on Travel + Leisure in a report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price target on the stock.

Insider Buying and Selling at Travel + Leisure

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Travel + Leisure during the 4th quarter valued at approximately $34,967,000. Swedbank AB purchased a new stake in Travel + Leisure during the 1st quarter valued at $33,598,000. Vanguard Group Inc. raised its holdings in Travel + Leisure by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock valued at $419,136,000 after buying an additional 466,640 shares during the period. AQR Capital Management LLC raised its holdings in Travel + Leisure by 34.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company’s stock valued at $63,830,000 after buying an additional 447,938 shares during the period. Finally, Los Angeles Capital Management LLC raised its holdings in Travel + Leisure by 1,025.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 196,627 shares of the company’s stock valued at $9,627,000 after buying an additional 179,149 shares during the period. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Price Performance

NYSE TNL opened at $44.11 on Wednesday. The business has a 50 day simple moving average of $45.73 and a two-hundred day simple moving average of $42.11. Travel + Leisure has a 1-year low of $32.10 and a 1-year high of $49.02. The stock has a market capitalization of $3.14 billion, a PE ratio of 8.12, a P/E/G ratio of 2.48 and a beta of 1.63.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results 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 analysts’ expectations of $904.54 million. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. On average, analysts anticipate that Travel + Leisure will post 5.52 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 4.53%. 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.