Travel + Leisure Co. (NYSE:TNL – Get Free Report) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $63.70.
Several equities analysts have recently commented on the company. Truist Financial increased their price objective on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Tigress Financial lifted their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Barclays upped their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. lifted their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Morgan Stanley initiated coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They set an “overweight” rating and a $67.00 price target for the company.
Get Our Latest Analysis on Travel + Leisure
Travel + Leisure Stock Performance
Shares of TNL stock opened at $41.37 on Friday. Travel + Leisure has a 52 week low of $37.77 and a 52 week high of $58.95. The firm’s 50-day simple moving average is $50.26 and its two-hundred day simple moving average is $50.80. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 7.08, a P/E/G ratio of 0.67 and a beta of 1.40.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. During the same period in the previous year, the business earned $1.98 EPS. Travel + Leisure’s revenue was up 3.9% compared to the same quarter last year. Analysts forecast that Travel + Leisure will post 6.46 earnings per share for the current year.
Travel + Leisure Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.56 per share. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date was Monday, March 17th. Travel + Leisure’s dividend payout ratio (DPR) is 38.36%.
Insider Transactions at Travel + Leisure
In other news, Director George Herrera sold 6,336 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the sale, the director now owns 2,759 shares in the company, valued at approximately $129,121.20. This trade represents a 69.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Dean Brown purchased 2,000 shares of Travel + Leisure stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the acquisition, the insider now owns 408,706 shares of the company’s stock, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.02% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in TNL. Jones Financial Companies Lllp purchased a new position in shares of Travel + Leisure during the fourth quarter valued at $25,000. Versant Capital Management Inc increased its position in Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after purchasing an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Travel + Leisure by 314.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after purchasing an additional 503 shares in the last quarter. Natixis bought a new stake in shares of Travel + Leisure in the 4th quarter valued at about $37,000. Finally, UMB Bank n.a. lifted its position in shares of Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after purchasing an additional 204 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.
About Travel + Leisure
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.
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