Analysts Set Travel + Leisure Co. (NYSE:TNL) PT at $58.67

Shares of Travel + Leisure Co. (NYSE:TNL) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $59.50.

A number of analysts recently weighed in on TNL shares. Morgan Stanley started coverage on shares of Travel + Leisure in a report on Monday. They issued an “overweight” rating and a $67.00 price target for the company. Tigress Financial raised their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their target price on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Truist Financial raised their price target on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Barclays raised their target price on shares of Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a report on Friday, December 13th.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the completion of the sale, the director now directly owns 362,947 shares in the company, valued at approximately $17,258,129.85. The trade was a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Geoffrey Richards sold 4,607 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $54.25, for a total value of $249,929.75. Following the transaction, the insider now owns 120,602 shares in the company, valued at $6,542,658.50. The trade was a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,016 shares of company stock worth $4,846,863. Company insiders own 4.02% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Several institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. increased its position in Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after buying an additional 526 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after purchasing an additional 607 shares during the period. Versant Capital Management Inc lifted its holdings in Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after purchasing an additional 210 shares in the last quarter. Larson Financial Group LLC purchased a new position in Travel + Leisure during the second quarter valued at approximately $36,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Travel + Leisure during the second quarter worth about $38,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Stock Performance

Shares of NYSE TNL opened at $51.18 on Thursday. The business’s 50-day simple moving average is $52.54 and its 200-day simple moving average is $47.44. Travel + Leisure has a 52 week low of $37.99 and a 52 week high of $56.91. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 0.77 and a beta of 1.64.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The company had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company posted $1.54 EPS. The business’s revenue was up .7% on a year-over-year basis. As a group, equities research analysts forecast that Travel + Leisure will post 5.75 earnings per share for the current year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.50 per share. The ex-dividend date was Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.91%. Travel + Leisure’s dividend payout ratio (DPR) is 33.96%.

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.