Brokerages Set Travel + Leisure Co. (NYSE:TNL) PT at $70.18

Shares of Travel + Leisure Co. (NYSE:TNL) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $70.60.

Several brokerages have issued reports on TNL. Wells Fargo & Company assumed coverage on shares of Travel + Leisure in a research report on Tuesday, November 18th. They set an “overweight” rating and a $74.00 price objective for the company. Citigroup reiterated an “outperform” rating on shares of Travel + Leisure in a research note on Thursday, October 23rd. The Goldman Sachs Group boosted their price target on Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Finally, Barclays lifted their target price on Travel + Leisure from $54.00 to $63.00 and gave the stock an “underweight” rating in a report on Thursday, October 23rd.

Travel + Leisure Price Performance

NYSE:TNL opened at $68.58 on Friday. Travel + Leisure has a one year low of $37.77 and a one year high of $70.43. The company has a market cap of $4.41 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.55 and a beta of 1.51. The firm’s fifty day moving average price is $62.65 and its two-hundred day moving average price is $58.44.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. Travel + Leisure’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.57 EPS. As a group, equities research analysts expect that Travel + Leisure will post 6.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, December 12th. Travel + Leisure’s dividend payout ratio (DPR) is currently 36.84%.

Insider Buying and Selling at Travel + Leisure

In related news, insider Amandine Robin-Caplan sold 1,538 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $65.08, for a total value of $100,093.04. Following the completion of the sale, the insider directly owned 3,904 shares in the company, valued at approximately $254,072.32. The trade was a 28.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Geoffrey Richards sold 62,525 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $65.17, for a total value of $4,074,754.25. Following the sale, the insider directly owned 39,604 shares in the company, valued at $2,580,992.68. This represents a 61.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 198,776 shares of company stock worth $13,080,628. 3.75% of the stock is currently owned by company insiders.

Institutional Trading of Travel + Leisure

Institutional investors have recently modified their holdings of the stock. Invesco Ltd. increased its position in shares of Travel + Leisure by 8.4% in the third quarter. Invesco Ltd. now owns 3,486,173 shares of the company’s stock worth $207,392,000 after purchasing an additional 270,474 shares during the period. AQR Capital Management LLC lifted its position in Travel + Leisure by 46.8% during the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock worth $138,449,000 after purchasing an additional 855,151 shares during the period. LSV Asset Management grew its stake in Travel + Leisure by 69.0% during the second quarter. LSV Asset Management now owns 1,615,402 shares of the company’s stock worth $83,371,000 after buying an additional 659,293 shares in the last quarter. Northern Trust Corp grew its stake in Travel + Leisure by 3.3% during the first quarter. Northern Trust Corp now owns 1,071,318 shares of the company’s stock worth $49,591,000 after buying an additional 34,615 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 period. 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.