Travel + Leisure Co. (NYSE:TNL) Receives Average Rating of “Moderate Buy” from Analysts

Travel + Leisure Co. (NYSE:TNL) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $85.90.

A number of brokerages have recently commented on TNL. Weiss Ratings downgraded Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Mizuho set a $107.00 price target on Travel + Leisure in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $90.00 price objective on shares of Travel + Leisure in a research note on Friday, February 20th. Finally, The Goldman Sachs Group increased their price objective on shares of Travel + Leisure from $71.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th.

Insiders Place Their Bets

In other news, insider Michael Dean Brown sold 66,860 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $74.03, for a total transaction of $4,949,645.80. Following the completion of the sale, the insider directly owned 427,821 shares in the company, valued at $31,671,588.63. This represents a 13.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Amandine Robin-Caplan sold 3,904 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $74.61, for a total value of $291,277.44. The SEC filing for this sale provides additional information. Insiders have sold a total of 99,664 shares of company stock valued at $7,390,847 over the last quarter. Company insiders own 3.75% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Travel + Leisure in the 2nd quarter valued at about $50,934,000. AQR Capital Management LLC raised its holdings in Travel + Leisure by 46.8% in the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after buying an additional 855,151 shares during the period. Truist Financial Corp purchased a new position in Travel + Leisure in the third quarter valued at approximately $38,959,000. Jupiter Asset Management Ltd. lifted its position in Travel + Leisure by 13,198.4% during the third quarter. Jupiter Asset Management Ltd. now owns 521,031 shares of the company’s stock valued at $30,996,000 after buying an additional 517,113 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Travel + Leisure by 231.1% during the third quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock valued at $41,143,000 after buying an additional 482,731 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance

Shares of NYSE TNL opened at $71.24 on Friday. Travel + Leisure has a 1 year low of $37.77 and a 1 year high of $81.00. The firm’s 50 day moving average price is $71.78 and its 200 day moving average price is $68.26. The firm has a market cap of $4.45 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 0.54 and a beta of 1.32.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share for the quarter, meeting the consensus estimate of $1.83. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the firm posted $1.72 EPS. Travel + Leisure’s revenue was up 5.7% on a year-over-year basis. As a group, equities analysts predict that Travel + Leisure will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 20th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.4%. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, March 20th. Travel + Leisure’s dividend payout ratio (DPR) is currently 70.38%.

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.