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

Shares of Travel + Leisure Co. (NYSE:TNL) have been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $85.40.

Several research analysts have recently commented on TNL shares. Mizuho reduced their target price on Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Morgan Stanley dropped their price objective on shares of Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. The Goldman Sachs Group upgraded shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Monday, June 1st. Barclays dropped their price objective on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a research report on Thursday, April 23rd. Finally, Wall Street Zen cut shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th.

Travel + Leisure Price Performance

Shares of TNL opened at $75.97 on Thursday. The company has a market capitalization of $4.74 billion, a P/E ratio of 21.34, a PEG ratio of 0.57 and a beta of 1.17. Travel + Leisure has a one year low of $47.74 and a one year high of $81.00. The business’s 50 day simple moving average is $69.37 and its 200-day simple moving average is $70.84.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.31 by $0.14. The business had revenue of $961.00 million for the quarter, compared to the consensus estimate of $954.81 million. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.Travel + Leisure’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 EPS. On average, sell-side analysts anticipate that Travel + Leisure will post 7.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, June 12th. Travel + Leisure’s payout ratio is 67.42%.

Insider Transactions at Travel + Leisure

In related news, Director George Herrera sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the completion of the transaction, the director owned 1,353 shares in the company, valued at $101,691.48. The trade was a 26.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Erik D. Hoag acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was bought at an average price of $65.67 per share, with a total value of $65,670.00. Following the transaction, the chief financial officer directly owned 1,000 shares in the company, valued at $65,670. The trade was a ? increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 53,074 shares of company stock worth $3,907,122 over the last ninety days. 4.01% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TNL. Danske Bank A S bought a new stake in shares of Travel + Leisure during the 3rd quarter valued at $30,000. N.E.W. Advisory Services LLC bought a new stake in shares of Travel + Leisure during the 4th quarter valued at $43,000. Assetmark Inc. raised its position in shares of Travel + Leisure by 43.8% during the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after acquiring an additional 191 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of Travel + Leisure by 181.5% during the 3rd quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock valued at $47,000 after acquiring an additional 510 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Travel + Leisure by 102.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 835 shares of the company’s stock valued at $51,000 after acquiring an additional 422 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.