Analysts Set Travel + Leisure Co. (NYSE:TNL) Target Price at $58.67

Shares of Travel + Leisure Co. (NYSE:TNL) have been given a consensus recommendation of “Moderate Buy” by the nine brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $58.67.

TNL has been the subject of a number of recent research reports. Truist Financial increased their price objective on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. increased their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Stifel Nicolaus boosted their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays lifted their target price on shares of Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. Finally, The Goldman Sachs Group increased their price target on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th.

Insiders Place Their Bets

In other news, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the sale, the director now directly owns 362,947 shares in the company, valued at $17,258,129.85. This represents a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Geoffrey Richards sold 9,400 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.56, for a total transaction of $531,664.00. Following the completion of the sale, the insider now owns 111,202 shares in the company, valued at $6,289,585.12. This represents a 7.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,016 shares of company stock valued at $4,846,863 over the last ninety days. 4.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Travel + Leisure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its holdings in shares of Travel + Leisure by 440.7% in the 2nd quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock worth $27,624,000 after purchasing an additional 500,554 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Travel + Leisure by 318.4% in the 2nd quarter. Acadian Asset Management LLC now owns 405,252 shares of the company’s stock valued at $18,217,000 after acquiring an additional 308,391 shares during the last quarter. Algert Global LLC grew its position in Travel + Leisure by 168.9% during the 3rd quarter. Algert Global LLC now owns 319,279 shares of the company’s stock worth $14,712,000 after acquiring an additional 200,549 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Travel + Leisure in the 2nd quarter worth approximately $7,480,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Travel + Leisure by 21.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock valued at $36,540,000 after purchasing an additional 138,153 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Price Performance

Travel + Leisure stock opened at $49.85 on Thursday. The stock’s fifty day moving average price is $52.48 and its two-hundred day moving average price is $47.36. The firm has a market cap of $3.41 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 0.77 and a beta of 1.63. 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 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company earned $1.54 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts expect that Travel + Leisure will post 5.75 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Friday, December 13th. Travel + Leisure’s dividend payout ratio (DPR) is 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.