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

Travel + Leisure Co. (NYSE:TNL) has been given an average recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $72.2222.

A number of equities analysts have commented on the stock. Truist Financial boosted their price target on shares of Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. Morgan Stanley set a $68.00 target price on Travel + Leisure in a research note on Wednesday, October 22nd. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, JMP Securities upped their target price on shares of Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 23rd.

Travel + Leisure Price Performance

NYSE TNL opened at $71.68 on Thursday. The company’s 50 day simple moving average is $64.96 and its two-hundred day simple moving average is $60.28. Travel + Leisure has a 1 year low of $37.77 and a 1 year high of $72.35. The stock has a market capitalization of $4.61 billion, a PE ratio of 11.79, a P/E/G ratio of 0.62 and a beta of 1.39.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.08. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. The business’s quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts anticipate that Travel + Leisure will post 6.46 EPS for the current year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, December 12th. Travel + Leisure’s payout ratio is 36.84%.

Insider Buying and Selling

In other Travel + Leisure news, insider Geoffrey Richards sold 62,525 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $65.17, for a total value of $4,074,754.25. Following the completion of the sale, the insider owned 39,604 shares in the company, valued at $2,580,992.68. This represents a 61.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director George Herrera sold 559 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $68.18, for a total transaction of $38,112.62. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 198,776 shares of company stock valued at $13,080,628. Company insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Rossby Financial LCC increased its holdings in shares of Travel + Leisure by 13.1% during the 3rd quarter. Rossby Financial LCC now owns 1,408 shares of the company’s stock valued at $85,000 after acquiring an additional 163 shares during the last quarter. Parallel Advisors LLC grew its holdings in Travel + Leisure by 17.8% during the second quarter. Parallel Advisors LLC now owns 1,202 shares of the company’s stock valued at $62,000 after purchasing an additional 182 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Travel + Leisure by 19.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company’s stock worth $59,000 after buying an additional 189 shares during the last quarter. Optas LLC boosted its holdings in shares of Travel + Leisure by 4.3% during the 3rd quarter. Optas LLC now owns 4,542 shares of the company’s stock worth $270,000 after buying an additional 189 shares during the period. Finally, Vident Advisory LLC grew its stake in Travel + Leisure by 3.7% in the 3rd quarter. Vident Advisory LLC now owns 5,595 shares of the company’s stock valued at $333,000 after buying an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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.