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

Travel + Leisure Co. (NYSE:TNL) has been assigned an average rating of “Buy” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $86.90.

Several analysts have recently weighed in on the stock. Citigroup reiterated a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Mizuho lifted their price target on shares of Travel + Leisure from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Morgan Stanley upped their price objective on shares of Travel + Leisure from $78.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Finally, Zacks Research upgraded Travel + Leisure from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director Denny Marie Post sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $63.83, for a total value of $159,575.00. Following the completion of the sale, the director owned 1,977 shares of the company’s stock, valued at approximately $126,191.91. This trade represents a 55.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the sale, the director owned 1,353 shares of the company’s stock, valued at approximately $101,691.48. This represents a 26.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 97,435 shares of company stock worth $7,166,474 in the last three months. Insiders own 4.01% of the company’s stock.

Institutional Trading of Travel + Leisure

Several hedge funds have recently bought and sold shares of TNL. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Travel + Leisure by 22.3% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 199,224 shares of the company’s stock worth $14,051,000 after buying an additional 36,308 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Travel + Leisure during the fourth quarter valued at about $2,231,000. LSV Asset Management grew its holdings in shares of Travel + Leisure by 1.1% during the fourth quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock valued at $113,741,000 after buying an additional 17,377 shares during the last quarter. M&T Bank Corp bought a new stake in shares of Travel + Leisure during the fourth quarter worth about $2,829,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Travel + Leisure during the first quarter worth about $1,294,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Stock Performance

Shares of TNL stock opened at $75.08 on Friday. The company has a market cap of $4.59 billion, a P/E ratio of 20.51, a PEG ratio of 0.58 and a beta of 1.16. The stock has a 50 day simple moving average of $73.57 and a two-hundred day simple moving average of $71.75. Travel + Leisure has a fifty-two week low of $56.66 and a fifty-two week high of $81.00.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.88. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.65 EPS. On average, research analysts predict that Travel + Leisure will post 7.58 earnings per share for the current year.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, June 12th. Travel + Leisure’s dividend payout ratio is 65.57%.

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.