Shares of Travel + Leisure Co. (NYSE:TNL – Get Free Report) have earned an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $72.2222.
A number of equities research analysts have recently weighed in on TNL shares. Morgan Stanley set a $68.00 price target on Travel + Leisure in a report on Wednesday, October 22nd. The Goldman Sachs Group raised their target price on Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. JMP Securities increased their price objective on Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 23rd. Wells Fargo & Company assumed coverage on Travel + Leisure in a research report on Tuesday, November 18th. They issued an “overweight” rating and a $74.00 price objective on the stock. Finally, Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th.
Insiders Place Their Bets
In related news, insider Amandine Robin-Caplan sold 1,538 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $65.08, for a total value of $100,093.04. Following the transaction, the insider owned 3,904 shares in the company, valued at approximately $254,072.32. This represents a 28.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Herrera sold 559 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $68.18, for a total transaction of $38,112.62. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 198,776 shares of company stock valued at $13,080,628. Corporate insiders own 3.75% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. purchased a new position in shares of Travel + Leisure during the second quarter valued at approximately $27,000. Danske Bank A S purchased a new stake in Travel + Leisure in the 3rd quarter worth about $30,000. Parkside Financial Bank & Trust lifted its holdings in Travel + Leisure by 155.3% during the second quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock valued at $32,000 after purchasing an additional 382 shares during the last quarter. CNB Bank purchased a new position in shares of Travel + Leisure in the third quarter worth about $32,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after buying an additional 715 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.
Travel + Leisure Stock Up 1.3%
NYSE TNL opened at $71.68 on Thursday. The business has a fifty day moving average of $64.96 and a 200-day moving average of $60.28. Travel + Leisure has a fifty-two week low of $37.77 and a fifty-two week high of $72.35. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 0.62 and a beta of 1.39.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.08. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.57 earnings per share. As a group, analysts anticipate that Travel + Leisure will post 6.46 EPS for the current year.
Travel + Leisure Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a $0.56 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.1%. Travel + Leisure’s payout ratio is currently 36.84%.
Travel + Leisure Company Profile
Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.
Further Reading
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