Travel + Leisure Co. (NYSE:TNL) Given Average Rating of “Moderate Buy” by Analysts

Shares of Travel + Leisure Co. (NYSE:TNL) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $54.33.

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Truist Financial lowered their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Tigress Financial upped their price target on shares of Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Barclays downgraded shares of Travel + Leisure from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $46.00 to $40.00 in a research note on Thursday, September 26th.

Insider Activity

In related news, Director George Herrera sold 2,193 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now owns 6,352 shares of the company’s stock, valued at $269,832.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the transaction, the insider now owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George Herrera sold 2,193 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the completion of the sale, the director now directly owns 6,352 shares of the company’s stock, valued at $269,832.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.02% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

A number of large investors have recently bought and sold shares of the business. Quest Partners LLC raised its holdings in Travel + Leisure by 1,474.2% in the second quarter. Quest Partners LLC now owns 22,181 shares of the company’s stock worth $998,000 after purchasing an additional 20,772 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Travel + Leisure in the first quarter valued at approximately $4,739,000. Harbor Capital Advisors Inc. boosted its stake in Travel + Leisure by 125.9% in the second quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company’s stock valued at $2,393,000 after acquiring an additional 29,656 shares in the last quarter. Commerce Bank grew its holdings in Travel + Leisure by 53.4% in the first quarter. Commerce Bank now owns 163,102 shares of the company’s stock worth $7,985,000 after purchasing an additional 56,775 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of Travel + Leisure by 6.4% during the first quarter. LSV Asset Management now owns 589,100 shares of the company’s stock worth $28,842,000 after purchasing an additional 35,591 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Up 4.0 %

Shares of NYSE:TNL opened at $47.27 on Friday. The firm has a fifty day simple moving average of $44.37 and a two-hundred day simple moving average of $44.58. Travel + Leisure has a 52 week low of $32.10 and a 52 week high of $49.91. The stock has a market capitalization of $3.37 billion, a P/E ratio of 8.71, a PEG ratio of 0.64 and a beta of 1.62.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, July 24th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The company had revenue of $985.00 million during the quarter, compared to analyst estimates of $987.20 million. During the same quarter last year, the business posted $1.33 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. On average, analysts expect that Travel + Leisure will post 5.67 earnings per share for the current year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.50 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 4.23%. Travel + Leisure’s dividend payout ratio is currently 36.83%.

About Travel + Leisure

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.