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

Shares of Travel + Leisure Co. (NYSE:TNL) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $55.22.

A number of equities analysts recently weighed in on TNL shares. Deutsche Bank Aktiengesellschaft dropped their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Tigress Financial increased their price target on shares of Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. The Goldman Sachs Group started coverage on Travel + Leisure in a research note on Wednesday, September 18th. They issued a “neutral” rating and a $44.00 target price on the stock. Truist Financial decreased their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. raised their price objective on Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, July 19th.

Travel + Leisure Trading Up 1.2 %

NYSE TNL opened at $45.02 on Tuesday. Travel + Leisure has a 52 week low of $32.10 and a 52 week high of $49.91. The company has a 50-day moving average price of $43.91 and a two-hundred day moving average price of $44.69. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 0.57 and a beta of 1.62.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.13. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The firm had revenue of $985.00 million for the quarter, compared to analyst estimates of $987.20 million. During the same quarter in the previous year, the business posted $1.33 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts expect that Travel + Leisure will post 5.67 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Friday, September 13th. Travel + Leisure’s dividend payout ratio is currently 36.83%.

Insider Buying and Selling at Travel + Leisure

In other news, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the sale, the director now owns 6,352 shares of the company’s stock, valued at approximately $269,832.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director George Herrera sold 2,193 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the transaction, the director now directly owns 6,352 shares of the company’s stock, valued at $269,832.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the sale, the insider now owns 24,491 shares in the company, valued at approximately $1,024,703.44. The disclosure for this sale can be found here. Insiders own 4.02% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

A number of institutional investors have recently added to or reduced their stakes in the stock. State of Michigan Retirement System grew its position in Travel + Leisure by 2.3% in the first quarter. State of Michigan Retirement System now owns 17,807 shares of the company’s stock valued at $872,000 after acquiring an additional 400 shares during the period. QRG Capital Management Inc. increased its position in shares of Travel + Leisure by 2.5% during the 2nd quarter. QRG Capital Management Inc. now owns 18,005 shares of the company’s stock worth $810,000 after purchasing an additional 432 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Travel + Leisure by 1.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,068 shares of the company’s stock valued at $1,668,000 after purchasing an additional 445 shares during the last quarter. Versant Capital Management Inc acquired a new position in Travel + Leisure in the second quarter valued at about $27,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after buying an additional 607 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

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.