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

Shares of Travel + Leisure Co. (NYSE:TNL) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $85.90.

A number of equities analysts have recently weighed in on the company. Barclays set a $78.00 price objective on Travel + Leisure in a research note on Thursday, February 19th. Citigroup reissued an “outperform” rating on shares of Travel + Leisure in a research note on Thursday, February 19th. Oppenheimer restated an “outperform” rating and issued a $85.00 price target on shares of Travel + Leisure in a research note on Wednesday, February 18th. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $90.00 price objective on shares of Travel + Leisure in a research report on Friday, February 20th.

Travel + Leisure Price Performance

Shares of TNL stock opened at $67.70 on Friday. Travel + Leisure has a one year low of $37.77 and a one year high of $81.00. The company’s fifty day moving average price is $71.89 and its 200-day moving average price is $67.98. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 0.54 and a beta of 1.32.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share for the quarter, hitting the consensus estimate of $1.83. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. Travel + Leisure’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.72 EPS. Equities research analysts expect that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, March 20th. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 3.5%. Travel + Leisure’s dividend payout ratio is 70.38%.

Insider Buying and Selling at Travel + Leisure

In other news, insider Amandine Robin-Caplan sold 3,904 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $74.61, for a total transaction of $291,277.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Dean Brown sold 25,938 shares of Travel + Leisure stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $74.85, for a total value of $1,941,459.30. Following the completion of the sale, the insider directly owned 427,821 shares in the company, valued at $32,022,401.85. This trade represents a 5.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 99,664 shares of company stock worth $7,390,847. Insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its stake in Travel + Leisure by 27.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,241 shares of the company’s stock worth $88,000 after acquiring an additional 265 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of Travel + Leisure by 194.5% during the 4th quarter. Corient Private Wealth LLC now owns 34,492 shares of the company’s stock valued at $2,433,000 after acquiring an additional 22,780 shares during the last quarter. Taylor Securities Services Inc. purchased a new position in shares of Travel + Leisure in the fourth quarter valued at $2,564,000. Kera Capital Partners Inc. grew its holdings in shares of Travel + Leisure by 50.8% in the fourth quarter. Kera Capital Partners Inc. now owns 12,983 shares of the company’s stock valued at $903,000 after purchasing an additional 4,372 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Travel + Leisure in the fourth quarter worth $286,000. Hedge funds and other institutional investors 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.