Travel + Leisure Co. (NYSE:TNL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Travel + Leisure Co. (NYSE:TNL) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $59.50.

TNL has been the subject of a number of research analyst reports. Stifel Nicolaus increased their target price on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barclays increased their price objective on Travel + Leisure from $41.00 to $48.00 and gave the company an “underweight” rating in a research note on Friday, December 13th. The Goldman Sachs Group raised their price objective on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Tigress Financial upped their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley started coverage on shares of Travel + Leisure in a research note on Monday. They issued an “overweight” rating and a $67.00 price target on the stock.

Insider Activity

In other news, insider Geoffrey Richards sold 5,009 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total value of $261,269.44. Following the transaction, the insider now directly owns 125,209 shares in the company, valued at approximately $6,530,901.44. This represents a 3.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the completion of the sale, the director now owns 362,947 shares of the company’s stock, valued at $17,258,129.85. This trade represents a 18.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,016 shares of company stock valued at $4,846,863. 4.02% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Travel + Leisure

Institutional investors have recently modified their holdings of the company. UMB Bank n.a. grew its position in Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after acquiring an additional 526 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Travel + Leisure by 2,759.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after purchasing an additional 607 shares during the period. Versant Capital Management Inc grew its holdings in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after purchasing an additional 210 shares in the last quarter. Larson Financial Group LLC purchased a new stake in Travel + Leisure during the 2nd quarter worth approximately $36,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Travel + Leisure during the 2nd quarter worth approximately $38,000. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance

Shares of NYSE TNL opened at $50.99 on Thursday. The firm has a fifty day moving average of $52.61 and a 200 day moving average of $47.51. The firm has a market cap of $3.49 billion, a PE ratio of 8.66, a PEG ratio of 0.77 and a beta of 1.64. Travel + Leisure has a one year low of $37.99 and a one year high of $56.91.

Travel + Leisure (NYSE:TNL) last released 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 business had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the company earned $1.54 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts predict that Travel + Leisure will post 5.75 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.92%. Travel + Leisure’s dividend payout ratio is currently 33.96%.

About Travel + Leisure

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.