Travel + Leisure (NYSE:TNL – Free Report) had its target price lifted by Truist Financial from $61.00 to $72.00 in a report issued on Friday morning,Benzinga reports. They currently have a buy rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Barclays upped their target price on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. Tigress Financial upped their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a report on Thursday. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and upped their target price for the company from $40.00 to $60.00 in a report on Monday, January 27th. JPMorgan Chase & Co. upped their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Mizuho reiterated a “neutral” rating and issued a $64.00 price target (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.70.
Get Our Latest Report on Travel + Leisure
Travel + Leisure Price Performance
Shares of NYSE:TNL opened at $53.61 on Friday. The company’s 50-day moving average price is $53.86 and its two-hundred day moving average price is $50.50. Travel + Leisure has a one year low of $39.91 and a one year high of $58.95. The stock has a market capitalization of $3.58 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61.
Travel + Leisure (NYSE:TNL – Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The company had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. Travel + Leisure’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.98 EPS. On average, analysts anticipate that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.
Travel + Leisure Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Monday, March 17th. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio is presently 34.25%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp acquired a new position in shares of Travel + Leisure during the 4th quarter worth approximately $25,000. Versant Capital Management Inc grew its position in shares of Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after purchasing an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Travel + Leisure by 314.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after purchasing an additional 503 shares in the last quarter. Natixis acquired a new position in shares of Travel + Leisure during the 4th quarter worth approximately $37,000. Finally, UMB Bank n.a. grew its position in shares of Travel + Leisure by 36.9% during 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 in the last quarter. Institutional investors and hedge funds 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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