Brokerages Set Travel + Leisure Co. (NYSE:TNL) Price Target at $85.40

Shares of Travel + Leisure Co. (NYSE:TNL) have received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $85.40.

Several research firms recently weighed in on TNL. Citizens Jmp upped their price target on Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a research report on Thursday, February 19th. Oppenheimer reissued an “outperform” rating and set a $85.00 price target on shares of Travel + Leisure in a research report on Wednesday, February 18th. Morgan Stanley dropped their price target on Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Stifel Nicolaus set a $89.00 price target on Travel + Leisure in a research report on Wednesday, February 18th. Finally, Weiss Ratings raised Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th.

Travel + Leisure Trading Up 0.2%

NYSE:TNL opened at $74.28 on Thursday. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 0.57 and a beta of 1.17. Travel + Leisure has a 1-year low of $47.74 and a 1-year high of $81.00. The business’s fifty day moving average price is $69.20 and its 200 day moving average price is $70.74.

Travel + Leisure (NYSE:TNL) last posted 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 analyst estimates of $954.81 million. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.Travel + Leisure’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 earnings per share. Equities analysts forecast that Travel + Leisure will post 7.46 earnings per share for the current year.

Travel + Leisure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, June 12th. Travel + Leisure’s payout ratio is presently 67.42%.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director Denny Marie Post sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $63.83, for a total value of $159,575.00. Following the transaction, the director owned 1,977 shares in the company, valued at $126,191.91. The trade was a 55.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George Herrera sold 1,748 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $70.31, for a total value of $122,901.88. Following the completion of the transaction, the director owned 1,853 shares in the company, valued at $130,284.43. This trade represents a 48.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 54,322 shares of company stock valued at $3,992,444. Corporate insiders own 4.01% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TNL. Danske Bank A S purchased a new position in Travel + Leisure in the third quarter valued at about $30,000. N.E.W. Advisory Services LLC purchased a new position in Travel + Leisure in the fourth quarter valued at about $43,000. Assetmark Inc. grew its stake in Travel + Leisure by 43.8% in the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after purchasing an additional 191 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Travel + Leisure by 293.0% in the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after purchasing an additional 715 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in Travel + Leisure by 181.5% in the third quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock valued at $47,000 after purchasing an additional 510 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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.