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

Shares of Travel + Leisure Co. (NYSE:TNL) have been given an average rating of “Moderate Buy” by the eleven analysts that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $85.90.

TNL has been the topic of a number of recent analyst reports. Mizuho set a $107.00 target price on Travel + Leisure in a research note on Thursday, February 19th. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, February 19th. Weiss Ratings downgraded shares of Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Oppenheimer reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Travel + Leisure in a research report on Wednesday, February 18th. Finally, The Goldman Sachs Group boosted their target price on shares of Travel + Leisure from $71.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th.

Travel + Leisure Stock Up 3.2%

TNL stock opened at $71.38 on Friday. The firm has a market cap of $4.45 billion, a PE ratio of 20.93, a P/E/G ratio of 0.52 and a beta of 1.32. The business has a 50 day moving average of $71.77 and a 200-day moving average of $68.17. Travel + Leisure has a 12-month low of $37.77 and a 12-month high of $81.00.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $1.83 EPS for the quarter, hitting analysts’ consensus estimates of $1.83. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.Travel + Leisure’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $1.72 earnings per share. On average, research analysts expect that Travel + Leisure will post 6.46 earnings per share 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 issued a $0.60 dividend. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, March 20th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.4%. Travel + Leisure’s payout ratio is presently 70.38%.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown sold 66,860 shares of the 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 transaction, the insider directly owned 427,821 shares of the company’s stock, valued at approximately $31,671,588.63. This represents a 13.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Amandine Robin-Caplan sold 3,904 shares of the firm’s 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. Over the last quarter, insiders have sold 99,664 shares of company stock worth $7,390,847. Insiders own 3.75% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

Large investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its holdings in Travel + Leisure by 27.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,241 shares of the company’s stock valued at $88,000 after purchasing an additional 265 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of Travel + Leisure by 194.5% in the fourth quarter. Corient Private Wealth LLC now owns 34,492 shares of the company’s stock worth $2,433,000 after purchasing an additional 22,780 shares in the last quarter. Taylor Securities Services Inc. purchased a new position in shares of Travel + Leisure in the fourth quarter worth about $2,564,000. Kera Capital Partners Inc. raised its position in shares of Travel + Leisure by 50.8% in the fourth quarter. Kera Capital Partners Inc. now owns 12,983 shares of the company’s stock valued at $903,000 after purchasing an additional 4,372 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Travel + Leisure in the fourth quarter valued at approximately $286,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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.