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

Travel + Leisure Co. (NYSE:TNL) has been assigned an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $85.40.

A number of analysts have commented on TNL shares. The Goldman Sachs Group raised shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a report on Monday, June 1st. Wall Street Zen cut shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Barclays cut their price objective on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a research report on Thursday, April 23rd. Mizuho reduced their price objective on Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company decreased their target price on Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd.

Travel + Leisure Stock Down 0.1%

Travel + Leisure stock opened at $76.55 on Monday. Travel + Leisure has a 52-week low of $55.26 and a 52-week high of $81.00. The company has a market cap of $4.78 billion, a P/E ratio of 21.50, a P/E/G ratio of 0.58 and a beta of 1.16. The business has a 50-day simple moving average of $69.63 and a two-hundred day simple moving average of $71.45.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.45 earnings per share for the quarter, topping 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 $954.80 million. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 EPS. Research analysts anticipate that Travel + Leisure will post 7.47 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were given a $0.60 dividend. The ex-dividend date was Friday, June 12th. This represents a $2.40 dividend on an annualized basis and a yield of 3.1%. Travel + Leisure’s dividend payout ratio is presently 67.42%.

Insider Transactions at Travel + Leisure

In related news, Director George Herrera sold 500 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the completion of the sale, the director directly owned 1,353 shares of the company’s stock, valued at approximately $101,691.48. This represents a 26.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Erik D. Hoag bought 1,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were purchased at an average price of $65.67 per share, for a total transaction of $65,670.00. Following the purchase, the chief financial officer owned 1,000 shares in the company, valued at $65,670. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have sold 53,074 shares of company stock valued at $3,907,122. Company insiders own 4.01% of the company’s stock.

Institutional Trading of Travel + Leisure

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Travel + Leisure in the fourth quarter worth $62,162,000. AQR Capital Management LLC lifted its stake in shares of Travel + Leisure by 46.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after buying an additional 855,151 shares in the last quarter. Gotham Asset Management LLC lifted its stake in shares of Travel + Leisure by 139.2% during the 4th quarter. Gotham Asset Management LLC now owns 631,336 shares of the company’s stock valued at $44,528,000 after buying an additional 367,356 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Travel + Leisure by 68.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 885,105 shares of the company’s stock worth $62,427,000 after buying an additional 359,186 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Travel + Leisure by 124.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 567,478 shares of the company’s stock worth $40,024,000 after buying an additional 314,481 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

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.