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

Travel + Leisure Co. (NYSE:TNL) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $85.40.

Several brokerages have commented on TNL. Morgan Stanley decreased their price target on shares of Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Wells Fargo & Company cut their price objective on Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Weiss Ratings upgraded Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. The Goldman Sachs Group upgraded Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a report on Monday, June 1st. Finally, Barclays lowered their target price on Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a research note on Thursday, April 23rd.

Travel + Leisure Price Performance

Shares of NYSE:TNL opened at $74.27 on Monday. The firm has a market capitalization of $4.64 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. Travel + Leisure has a 1 year low of $55.92 and a 1 year high of $81.00. The firm’s 50-day moving average is $70.55 and its two-hundred day moving average is $71.55.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.31 by $0.14. The business had revenue of $961.00 million during the quarter, compared to analyst estimates of $954.80 million. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 earnings per share. Analysts expect that Travel + Leisure will post 7.47 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, June 12th. Travel + Leisure’s dividend payout ratio (DPR) is presently 67.42%.

Insider Buying and Selling at Travel + Leisure

In related news, insider Kimberly Marshall sold 28,000 shares of Travel + Leisure stock in a transaction that occurred on Thursday, June 4th. The shares were 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 in the company, valued at $2,329,012.47. The trade was a 45.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Herrera sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $37,580.00. Following the transaction, the director owned 1,353 shares of the company’s stock, valued at $101,691.48. This trade represents a 26.98% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 53,074 shares of company stock valued at $3,907,122. 4.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Travel + Leisure

Institutional investors and hedge funds have recently modified their holdings of the company. Baron Wealth Management LLC raised its stake in Travel + Leisure by 2.8% in the first quarter. Baron Wealth Management LLC now owns 4,953 shares of the company’s stock valued at $343,000 after buying an additional 133 shares in the last quarter. Diversified Trust Co increased its holdings in shares of Travel + Leisure by 0.7% in the 1st quarter. Diversified Trust Co now owns 19,393 shares of the company’s stock valued at $1,342,000 after acquiring an additional 137 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Travel + Leisure by 2.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company’s stock valued at $408,000 after acquiring an additional 148 shares during the last quarter. Evolve Private Wealth LLC raised its position in shares of Travel + Leisure by 1.7% during the 1st quarter. Evolve Private Wealth LLC now owns 9,270 shares of the company’s stock worth $641,000 after acquiring an additional 156 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Travel + Leisure by 19.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company’s stock worth $59,000 after acquiring an additional 189 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

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.