Travel + Leisure Co. (NYSE:TNL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Travel + Leisure Co. (NYSE:TNL) have been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $72.2222.

A number of analysts recently commented on TNL shares. Morgan Stanley set a $68.00 price objective on Travel + Leisure in a research report on Wednesday, October 22nd. Mizuho set a $86.00 price target on shares of Travel + Leisure in a research report on Wednesday, October 22nd. Barclays set a $70.00 price objective on shares of Travel + Leisure and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Wells Fargo & Company initiated coverage on shares of Travel + Leisure in a research report on Tuesday, November 18th. They set an “overweight” rating and a $74.00 target price for the company. Finally, JMP Securities increased their price target on Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a research note on Thursday, October 23rd.

Travel + Leisure Stock Performance

Travel + Leisure stock opened at $72.63 on Thursday. The business’s fifty day moving average is $66.22 and its two-hundred day moving average is $61.09. The firm has a market cap of $4.67 billion, a P/E ratio of 11.95, a P/E/G ratio of 0.63 and a beta of 1.39. Travel + Leisure has a 52 week low of $37.77 and a 52 week high of $73.43.

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

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a dividend of $0.56 per share. The ex-dividend date is Friday, December 12th. This represents a $2.24 dividend on an annualized basis and a yield of 3.1%. Travel + Leisure’s dividend payout ratio (DPR) is 36.84%.

Insider Buying and Selling

In other news, insider Amandine Robin-Caplan sold 1,538 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $254,072.32. This represents a 28.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Geoffrey Richards sold 62,525 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the transaction, the insider owned 39,604 shares of the company’s stock, valued at approximately $2,580,992.68. This represents a 61.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 198,776 shares of company stock valued at $13,080,628 over the last 90 days. 3.75% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travel + Leisure

Institutional investors and hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC lifted its holdings in Travel + Leisure by 314.4% during the first quarter. HighTower Advisors LLC now owns 41,369 shares of the company’s stock worth $1,915,000 after acquiring an additional 31,387 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Travel + Leisure by 362.0% during the first quarter. Voya Investment Management LLC now owns 175,221 shares of the company’s stock worth $8,111,000 after purchasing an additional 137,295 shares during the period. Farther Finance Advisors LLC raised its position in shares of Travel + Leisure by 2,704.3% during the second quarter. Farther Finance Advisors LLC now owns 1,963 shares of the company’s stock worth $101,000 after purchasing an additional 1,893 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Travel + Leisure during the 1st quarter valued at about $2,717,000. Finally, Walleye Capital LLC grew its position in shares of Travel + Leisure by 59.1% in the 1st quarter. Walleye Capital LLC now owns 53,527 shares of the company’s stock valued at $2,478,000 after purchasing an additional 19,881 shares during the period. Institutional investors and hedge funds 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.