Travel + Leisure Co. (NYSE:TNL – Get Free Report) shares hit a new 52-week low during trading on Friday . The company traded as low as $39.80 and last traded at $41.01, with a volume of 542988 shares traded. The stock had previously closed at $42.84.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on TNL shares. The Goldman Sachs Group increased their price objective on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. 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. Truist Financial upped their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a report on Friday, March 7th. JPMorgan Chase & Co. raised their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Finally, Mizuho restated a “neutral” rating and set a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Travel + Leisure has an average rating of “Moderate Buy” and an average price target of $63.70.
Check Out Our Latest Report on TNL
Travel + Leisure Stock Performance
The stock has a market cap of $2.73 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. The company has a 50 day moving average of $52.41 and a two-hundred day moving average of $50.97.
Travel + Leisure (NYSE:TNL – Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. During the same period in the previous year, the business earned $1.98 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.
Travel + Leisure Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.56 dividend. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, March 17th. This represents a $2.24 annualized dividend and a dividend yield of 5.47%. Travel + Leisure’s dividend payout ratio (DPR) is 38.36%.
Insider Transactions at Travel + Leisure
In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael Dean Brown bought 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, with a total value of $93,320.00. Following the completion of the transaction, the insider now directly owns 408,706 shares of the company’s stock, valued at approximately $19,070,221.96. The trade was a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.02% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. boosted its stake in Travel + Leisure by 4.8% during the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock worth $178,822,000 after buying an additional 163,804 shares during the last quarter. Copeland Capital Management LLC raised its holdings in shares of Travel + Leisure by 0.8% during the 4th quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company’s stock worth $78,984,000 after acquiring an additional 12,111 shares during the period. AQR Capital Management LLC boosted its position in shares of Travel + Leisure by 4.3% during the 4th quarter. AQR Capital Management LLC now owns 1,424,035 shares of the company’s stock valued at $71,358,000 after acquiring an additional 58,944 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Travel + Leisure by 9.6% in the fourth quarter. Northern Trust Corp now owns 1,036,703 shares of the company’s stock valued at $52,302,000 after purchasing an additional 90,553 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Travel + Leisure by 15.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company’s stock worth $46,169,000 after purchasing an additional 122,173 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.
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.
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