Travel + Leisure Co. (NYSE:TNL) Receives $85.00 Consensus Target Price from Analysts

Travel + Leisure Co. (NYSE:TNL) has been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $85.00.

Several equities research analysts have recently weighed in on TNL shares. Oppenheimer reissued an “outperform” rating and issued a $85.00 price objective on shares of Travel + Leisure in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $90.00 price objective on shares of Travel + Leisure in a research report on Friday, February 20th. The Goldman Sachs Group increased their price objective on Travel + Leisure from $71.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Weiss Ratings raised Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Finally, Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th.

Insider Buying and Selling

In other Travel + Leisure news, Director George Herrera sold 1,748 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $70.31, for a total transaction of $122,901.88. Following the sale, the director directly owned 1,853 shares in the company, valued at $130,284.43. The trade was a 48.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Erik D. Hoag acquired 1,000 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were acquired at an average price of $65.67 per share, for a total transaction of $65,670.00. Following the completion of the acquisition, the chief financial officer directly owned 1,000 shares in the company, valued at $65,670. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have sold 120,334 shares of company stock valued at $9,004,352. Corporate insiders own 4.01% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Baron Wealth Management LLC increased its holdings in Travel + Leisure by 2.8% during the 1st quarter. Baron Wealth Management LLC now owns 4,953 shares of the company’s stock worth $343,000 after purchasing an additional 133 shares during the last quarter. Diversified Trust Co increased its holdings in Travel + Leisure by 0.7% during the 1st quarter. Diversified Trust Co now owns 19,393 shares of the company’s stock worth $1,342,000 after purchasing an additional 137 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Travel + Leisure by 2.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company’s stock valued at $408,000 after acquiring an additional 148 shares during the last quarter. Evolve Private Wealth LLC increased its holdings in shares of Travel + Leisure by 1.7% in the 1st quarter. Evolve Private Wealth LLC now owns 9,270 shares of the company’s stock valued at $641,000 after acquiring an additional 156 shares during the last quarter. Finally, Rossby Financial LCC increased its holdings in shares of Travel + Leisure by 13.1% in the 3rd quarter. Rossby Financial LCC now owns 1,408 shares of the company’s stock valued at $85,000 after acquiring an additional 163 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Stock Up 0.7%

Shares of TNL opened at $65.30 on Friday. The firm’s fifty day moving average is $69.14 and its two-hundred day moving average is $69.95. The stock has a market cap of $4.08 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 0.50 and a beta of 1.17. Travel + Leisure has a 52-week low of $46.75 and a 52-week high of $81.00.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.14. The firm had revenue of $961.00 million for the quarter, compared to analysts’ expectations of $954.81 million. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS. As a group, research analysts anticipate that Travel + Leisure will post 7.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, June 12th. Travel + Leisure’s dividend payout ratio (DPR) is presently 67.42%.

About Travel + Leisure

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.