Travel + Leisure Co. (NYSE:TNL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Travel + Leisure Co. (NYSE:TNL) has been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $59.20.

Several analysts recently weighed in on the company. Morgan Stanley dropped their price objective on Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. The Goldman Sachs Group cut their target price on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Truist Financial upped their price target on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Barclays lowered their price objective on Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating for the company in a research report on Thursday, April 24th.

Travel + Leisure Price Performance

TNL opened at $51.16 on Wednesday. Travel + Leisure has a 1 year low of $37.77 and a 1 year high of $58.95. The company has a market capitalization of $3.40 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The business has a fifty day simple moving average of $45.35 and a 200 day simple moving average of $50.56.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.01. The company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $933.08 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 earnings per share. Equities analysts anticipate that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio (DPR) is currently 37.40%.

Insider Buying and Selling

In other news, insider Michael Dean Brown acquired 2,000 shares of Travel + Leisure stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $46.66 per share, with a total value of $93,320.00. Following the transaction, the insider now owns 408,706 shares of the company’s stock, valued at approximately $19,070,221.96. This trade represents a 0.49% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Denny Marie Post sold 5,500 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $50.20, for a total transaction of $276,100.00. Following the completion of the sale, the director now owns 4,477 shares of the company’s stock, valued at approximately $224,745.40. This trade represents a 55.13% decrease in their position. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Travel + Leisure

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC lifted its holdings in Travel + Leisure by 80.4% during the third quarter. Barclays PLC now owns 225,326 shares of the company’s stock worth $10,383,000 after acquiring an additional 100,440 shares during the period. Oak Thistle LLC bought a new stake in shares of Travel + Leisure during the 4th quarter worth $1,288,000. Atlas Capital Advisors Inc. raised its stake in shares of Travel + Leisure by 1,141.0% during the 4th quarter. Atlas Capital Advisors Inc. now owns 11,765 shares of the company’s stock worth $594,000 after purchasing an additional 10,817 shares during the period. Amundi grew its position in Travel + Leisure by 22.8% during the fourth quarter. Amundi now owns 5,940 shares of the company’s stock valued at $302,000 after buying an additional 1,103 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Travel + Leisure by 4.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 200,787 shares of the company’s stock worth $10,130,000 after buying an additional 8,374 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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.