Travel + Leisure (NYSE:TNL) Price Target Raised to $107.00

Travel + Leisure (NYSE:TNL) had its price objective hoisted by Mizuho from $105.00 to $107.00 in a report issued on Thursday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Several other research analysts also recently weighed in on TNL. Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. The Goldman Sachs Group upgraded shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Monday, June 1st. Wells Fargo & Company boosted their target price on shares of Travel + Leisure from $87.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday. Morgan Stanley boosted their target price on shares of Travel + Leisure from $78.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Finally, Citigroup restated a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Travel + Leisure has a consensus rating of “Buy” and a consensus target price of $86.90.

Travel + Leisure Stock Up 0.8%

NYSE TNL opened at $74.07 on Thursday. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 0.56 and a beta of 1.16. The business has a 50-day moving average price of $72.53 and a 200-day moving average price of $71.70. Travel + Leisure has a twelve month low of $56.66 and a twelve month high of $81.00.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.88. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.65 earnings per share. Research analysts expect that Travel + Leisure will post 7.58 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were issued a $0.60 dividend. The ex-dividend date was Friday, June 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.2%. Travel + Leisure’s payout ratio is 65.57%.

Insider Activity

In related news, Director Denny Marie Post sold 2,500 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $63.83, for a total value of $159,575.00. Following the completion of the transaction, the director owned 1,977 shares of the company’s stock, valued at approximately $126,191.91. This trade represents a 55.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kimberly Marshall sold 28,000 shares of Travel + Leisure stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $70.17, for a total value of $1,964,760.00. Following the completion of the transaction, the insider owned 33,191 shares of the company’s stock, valued at approximately $2,329,012.47. This represents a 45.76% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 31,000 shares of company stock worth $2,161,915. 4.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travel + Leisure

Several institutional investors have recently modified their holdings of the stock. Danske Bank A S bought a new position in shares of Travel + Leisure during the 3rd quarter valued at approximately $30,000. Elevation Wealth Partners LLC lifted its position in Travel + Leisure by 413.3% in the second quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock worth $35,000 after buying an additional 372 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in Travel + Leisure in the fourth quarter worth $43,000. Assetmark Inc. boosted its stake in Travel + Leisure by 43.8% during the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after buying an additional 191 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares during the period. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Company Profile

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.