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

Travel + Leisure Co. (NYSE:TNL) has been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $87.8182.

Several brokerages recently commented on TNL. Mizuho raised their target price on Travel + Leisure from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Travel + Leisure in a research note on Tuesday, July 21st. The Goldman Sachs Group upgraded Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Monday, June 1st. Citigroup reiterated a “market outperform” rating on shares of Travel + Leisure in a research note on Thursday, July 23rd. Finally, Zacks Research cut Travel + Leisure from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock opened at $68.77 on Tuesday. Travel + Leisure has a fifty-two week low of $58.07 and a fifty-two week high of $81.00. The firm has a fifty day moving average price of $74.72 and a two-hundred day moving average price of $72.11. The company has a market cap of $4.21 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 0.48 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.88. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm posted $1.65 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that Travel + Leisure will post 7.7 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, September 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.5%. Travel + Leisure’s dividend payout ratio (DPR) is 65.57%.

Insider Activity

In other news, insider Geoffrey Richards sold 33,744 shares of Travel + Leisure stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $75.65, for a total value of $2,552,733.60. Following the completion of the transaction, the insider owned 1,600 shares in the company, valued at approximately $121,040. The trade was a 95.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Thomas Michael Duncan sold 20,000 shares of Travel + Leisure stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $74.16, for a total value of $1,483,200.00. Following the completion of the transaction, the chief accounting officer owned 5,307 shares of the company’s stock, valued at approximately $393,567.12. The trade was a 79.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 115,135 shares of company stock worth $8,505,899. 4.01% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System acquired a new stake in Travel + Leisure in the first quarter worth about $1,294,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Travel + Leisure during the 4th quarter valued at about $2,231,000. LSV Asset Management boosted its stake in shares of Travel + Leisure by 1.1% in the 4th quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock valued at $113,741,000 after purchasing an additional 17,377 shares during the last quarter. M&T Bank Corp bought a new position in shares of Travel + Leisure in the 4th quarter valued at about $2,829,000. Finally, Deutsche Bank AG acquired a new stake in shares of Travel + Leisure during the 2nd quarter worth approximately $7,399,000. 87.54% of the stock is currently owned by institutional investors.

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.