Travel + Leisure (NYSE:TNL) Given New $66.00 Price Target at Stifel Nicolaus

Travel + Leisure (NYSE:TNL) had its price target lifted by Stifel Nicolaus from $59.00 to $66.00 in a report published on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research analysts have also issued reports on the stock. Truist Financial dropped their price objective on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Tigress Financial boosted their price objective on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group increased their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, Barclays increased their price target on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Travel + Leisure presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.80.

Travel + Leisure Price Performance

Shares of TNL opened at $55.51 on Tuesday. The firm has a 50 day simple moving average of $48.45 and a two-hundred day simple moving average of $45.69. Travel + Leisure has a one year low of $35.41 and a one year high of $56.91. The company has a market cap of $3.80 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.79 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business earned $1.54 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, analysts expect that Travel + Leisure will post 5.77 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Friday, December 13th. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

Insider Activity

In other Travel + Leisure news, insider Geoffrey Richards sold 4,607 shares of Travel + Leisure stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total value of $249,929.75. Following the sale, the insider now owns 120,602 shares of the company’s stock, valued at approximately $6,542,658.50. The trade was a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Amandine Robin-Caplan sold 3,246 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the transaction, the insider now owns 24,491 shares in the company, valued at approximately $1,024,703.44. The trade was a 11.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,055 shares of company stock valued at $4,544,170 over the last three months. Corporate insiders own 4.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Swedbank AB purchased a new stake in Travel + Leisure during the 1st quarter worth about $33,598,000. Millennium Management LLC boosted its stake in Travel + Leisure by 440.7% in the second quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock worth $27,624,000 after buying an additional 500,554 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Travel + Leisure by 318.4% during the 2nd quarter. Acadian Asset Management LLC now owns 405,252 shares of the company’s stock valued at $18,217,000 after purchasing an additional 308,391 shares during the last quarter. Algert Global LLC grew its stake in shares of Travel + Leisure by 168.9% during the third quarter. Algert Global LLC now owns 319,279 shares of the company’s stock valued at $14,712,000 after buying an additional 200,549 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Travel + Leisure during the 2nd quarter worth approximately $7,480,000. 87.54% of the stock is 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.