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

Shares of Travel + Leisure Co. (NYSE:TNL) have received an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $85.40.

Several research analysts have weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. The Goldman Sachs Group upgraded shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $90.00 target price on shares of Travel + Leisure in a research report on Friday, February 20th. Citizens Jmp upped their price target on shares of Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a report on Thursday, February 19th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Travel + Leisure in a report on Thursday, February 19th.

Insider Buying and Selling

In other Travel + Leisure news, CFO Erik D. Hoag purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The stock was purchased at an average cost of $65.67 per share, with a total value of $65,670.00. Following the transaction, the chief financial officer owned 1,000 shares in the company, valued at approximately $65,670. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Denny Marie Post sold 2,500 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $63.83, for a total transaction of $159,575.00. Following the sale, the director directly owned 1,977 shares of the company’s stock, valued at approximately $126,191.91. This trade represents a 55.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 55,536 shares of company stock worth $4,078,007 over the last 90 days. Company insiders own 4.01% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of Travel + Leisure by 4.7% in the 1st quarter. Bank of America Corp DE now owns 204,503 shares of the company’s stock worth $14,150,000 after purchasing an additional 9,193 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in shares of Travel + Leisure by 30.9% in the 1st quarter. Edgestream Partners L.P. now owns 135,102 shares of the company’s stock valued at $9,348,000 after buying an additional 31,897 shares during the period. Bull Harbor Capital LLC acquired a new position in shares of Travel + Leisure in the 1st quarter valued at about $286,000. Amundi boosted its holdings in shares of Travel + Leisure by 136.8% in the 1st quarter. Amundi now owns 22,158 shares of the company’s stock valued at $1,533,000 after buying an additional 12,800 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Travel + Leisure by 14.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,216 shares of the company’s stock valued at $222,000 after buying an additional 406 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Down 1.4%

Shares of Travel + Leisure stock opened at $71.19 on Thursday. Travel + Leisure has a 52-week low of $47.61 and a 52-week high of $81.00. The company’s 50-day simple moving average is $69.00 and its 200-day simple moving average is $70.58. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.14. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The business had revenue of $961.00 million for the quarter, compared to analyst estimates of $954.81 million. During the same period in the previous year, the business posted $1.11 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. Equities research analysts anticipate that Travel + Leisure will post 7.46 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.40 annualized dividend and a dividend yield of 3.4%. Travel + Leisure’s dividend payout ratio is presently 67.42%.

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.