Travel + Leisure Co. (NYSE:TNL) Receives $62.30 Consensus Target Price from Analysts

Travel + Leisure Co. (NYSE:TNL) has been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $62.30.

TNL has been the subject of a number of recent research reports. JMP Securities increased their target price on Travel + Leisure from $60.00 to $70.00 and gave the stock a “market outperform” rating in a report on Thursday, July 24th. Mizuho raised Travel + Leisure from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $63.00 to $72.00 in a report on Thursday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Travel + Leisure in a report on Wednesday. Barclays increased their target price on Travel + Leisure from $39.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, July 24th. Finally, Wall Street Zen raised Travel + Leisure from a “hold” rating to a “buy” rating in a report on Saturday, September 20th.

Travel + Leisure Stock Down 2.4%

Travel + Leisure stock opened at $58.09 on Friday. The business has a 50 day moving average price of $60.97 and a two-hundred day moving average price of $53.56. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.58 and a beta of 1.47. Travel + Leisure has a 12 month low of $37.77 and a 12 month high of $64.11.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.01). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the company earned $1.52 EPS. On average, analysts expect that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th were issued a $0.56 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.9%. Travel + Leisure’s dividend payout ratio is presently 38.62%.

Insider Buying and Selling at Travel + Leisure

In related news, Director George Herrera sold 2,200 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $60.48, for a total transaction of $133,056.00. Following the sale, the director directly owned 559 shares in the company, valued at $33,808.32. This represents a 79.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Myers sold 110,885 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $62.33, for a total value of $6,911,462.05. Following the sale, the insider owned 142,553 shares in the company, valued at approximately $8,885,328.49. This trade represents a 43.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 299,389 shares of company stock worth $18,567,207 over the last 90 days. Company insiders own 3.75% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its position in Travel + Leisure by 210.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 35,893 shares of the company’s stock worth $1,666,000 after acquiring an additional 24,329 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Travel + Leisure by 8.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company’s stock valued at $46,039,000 after buying an additional 79,430 shares during the last quarter. Merit Financial Group LLC bought a new position in Travel + Leisure in the 1st quarter valued at $261,000. GAMMA Investing LLC boosted its position in Travel + Leisure by 26.6% in the 1st quarter. GAMMA Investing LLC now owns 2,044 shares of the company’s stock valued at $95,000 after buying an additional 429 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in Travel + Leisure by 10.1% in the 1st quarter. Cerity Partners LLC now owns 21,529 shares of the company’s stock valued at $997,000 after buying an additional 1,980 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.