Truist Financial Issues Positive Forecast for Travel + Leisure (NYSE:TNL) Stock Price

Travel + Leisure (NYSE:TNL) had its target price raised by Truist Financial from $60.00 to $61.00 in a research report report published on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

TNL has been the topic of several other reports. Barclays lifted their price objective on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their price objective on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Stifel Nicolaus raised their target price on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Tigress Financial boosted their price target on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. 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. According to data from MarketBeat.com, Travel + Leisure currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.80.

Travel + Leisure Trading Down 1.4 %

NYSE:TNL opened at $55.51 on Tuesday. The firm has a market capitalization of $3.80 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.79 and a beta of 1.61. Travel + Leisure has a 52 week low of $35.41 and a 52 week high of $56.91. The stock has a 50 day moving average of $48.45 and a 200-day moving average of $45.69.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.08. The firm had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company earned $1.54 earnings per share. As a group, analysts predict that Travel + Leisure will post 5.77 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Friday, December 13th. Travel + Leisure’s dividend payout ratio is presently 33.96%.

Insider Activity

In other Travel + Leisure news, Director George Herrera sold 2,193 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the sale, the director now directly owns 6,352 shares of the company’s stock, valued at approximately $269,832.96. This represents a 25.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 24,491 shares in the company, valued at $1,024,703.44. This represents a 11.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,055 shares of company stock worth $4,544,170 over the last 90 days. 4.02% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Travel + Leisure

Institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Travel + Leisure by 1.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 392,299 shares of the company’s stock worth $19,208,000 after purchasing an additional 7,392 shares during the period. Swedbank AB acquired a new stake in Travel + Leisure during the 1st quarter worth about $33,598,000. Cetera Advisors LLC purchased a new stake in Travel + Leisure during the first quarter valued at about $206,000. Abich Financial Wealth Management LLC boosted its holdings in shares of Travel + Leisure by 10,344.4% in the first quarter. Abich Financial Wealth Management LLC now owns 940 shares of the company’s stock worth $46,000 after buying an additional 931 shares during the period. Finally, Versant Capital Management Inc purchased a new position in shares of Travel + Leisure in the second quarter worth approximately $27,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

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.