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

Travel + Leisure Co. (NYSE:TNL) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $57.80.

Several equities research analysts have recently issued reports on TNL shares. Tigress Financial lifted their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus boosted their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Barclays boosted 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 target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Truist Financial boosted their target price on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th.

Insider Buying and Selling at Travel + Leisure

In other 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 transaction of $93,158.64. Following the transaction, the director now owns 6,352 shares in the company, valued at $269,832.96. This represents a 25.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the transaction, the director now owns 362,947 shares in the company, valued at approximately $17,258,129.85. This trade represents a 18.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,209 shares of company stock valued at $4,940,022. 4.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Travel + Leisure

Hedge funds have recently modified their holdings of the stock. UMB Bank n.a. increased its holdings in Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after buying an additional 526 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Travel + Leisure by 2,759.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after purchasing an additional 607 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Travel + Leisure during the 2nd quarter worth $31,000. Larson Financial Group LLC purchased a new position in shares of Travel + Leisure during the 2nd quarter worth $36,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Travel + Leisure during the 2nd quarter worth $38,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Trading Down 0.8 %

TNL opened at $53.56 on Friday. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 0.78 and a beta of 1.63. The company’s 50 day moving average is $50.99 and its 200 day moving average is $46.57. Travel + Leisure has a 12-month low of $36.77 and a 12-month high of $56.91.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The business had revenue of $993.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the firm earned $1.54 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts predict that Travel + Leisure will post 5.75 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Friday, December 13th. Travel + Leisure’s payout ratio is 33.96%.

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.