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

Shares of Travel + Leisure Co. (NYSE:TNL) have been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $72.2222.

A number of research analysts have commented on the company. Barclays set a $70.00 price target on Travel + Leisure and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, JMP Securities upped their price objective on shares of Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a report on Thursday, October 23rd.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, insider Jeffrey Myers sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $66.38, for a total transaction of $3,319,000.00. Following the transaction, the insider owned 63,789 shares in the company, valued at approximately $4,234,313.82. This represents a 43.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Geoffrey Richards sold 62,525 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 39,604 shares of the company’s stock, valued at $2,580,992.68. This represents a 61.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 198,776 shares of company stock valued at $13,080,628. Insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Several institutional investors and hedge funds have recently added to or reduced their stakes in TNL. Norges Bank purchased a new stake in shares of Travel + Leisure in the 2nd quarter worth about $50,934,000. AQR Capital Management LLC boosted its stake in Travel + Leisure by 46.8% during the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock worth $138,449,000 after acquiring an additional 855,151 shares in the last quarter. LSV Asset Management grew its holdings in Travel + Leisure by 69.0% in the second quarter. LSV Asset Management now owns 1,615,402 shares of the company’s stock worth $83,371,000 after purchasing an additional 659,293 shares during the period. Truist Financial Corp purchased a new stake in Travel + Leisure in the third quarter worth about $38,959,000. Finally, Jupiter Asset Management Ltd. increased its stake in shares of 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 purchasing an additional 517,113 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Up 0.1%

Shares of Travel + Leisure stock opened at $75.04 on Monday. The company’s fifty day simple moving average is $68.46 and its two-hundred day simple moving average is $63.14. Travel + Leisure has a 12-month low of $37.77 and a 12-month high of $76.21. The firm has a market cap of $4.83 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.53 and a beta of 1.38.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.72 by $0.08. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.57 earnings per share. As a group, sell-side analysts expect that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.56 dividend. The ex-dividend date was Friday, December 12th. This represents a $2.24 annualized dividend and a yield of 3.0%. Travel + Leisure’s dividend payout ratio (DPR) is 36.84%.

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.