Travel + Leisure (NYSE:TNL) Given New $54.00 Price Target at Barclays

Travel + Leisure (NYSE:TNL - Free Report) had its price objective hoisted by Barclays from $39.00 to $54.00 in a research report released on Thursday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

TNL has been the subject of several other reports. Morgan Stanley reduced their price objective on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. JMP Securities increased their target price on shares of Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a research report on Thursday. Mizuho upgraded shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $63.00 to $72.00 in a research report on Thursday. Finally, The Goldman Sachs Group cut their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $62.30.

Travel + Leisure Stock Performance

Shares of TNL stock traded up $1.37 on Thursday, reaching $63.07. 1,050,356 shares of the company were exchanged, compared to its average volume of 744,214. Travel + Leisure has a 1 year low of $37.77 and a 1 year high of $63.28. The business has a 50-day moving average price of $52.47 and a 200 day moving average price of $50.55. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 0.60 and a beta of 1.38.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.01). Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%. The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter last year, the firm posted $1.52 earnings per share. Travel + Leisure's quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities analysts anticipate that Travel + Leisure will post 6.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Friday, June 13th. Travel + Leisure's payout ratio is presently 38.62%.

Insider Transactions at Travel + Leisure

In related news, insider Jeffrey Myers sold 110,885 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $62.33, for a total value of $6,911,462.05. Following the completion of the transaction, the insider directly owned 142,553 shares in the company, valued at approximately $8,885,328.49. This represents a 43.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Thomas Michael Duncan sold 8,201 shares of Travel + Leisure stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $62.24, for a total value of $510,430.24. Following the completion of the sale, the chief accounting officer owned 20,000 shares in the company, valued at $1,244,800. This represents a 29.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 199,020 shares of company stock valued at $12,123,076 in the last ninety days. 3.75% of the stock is currently owned by corporate insiders.

Institutional Trading of Travel + Leisure

Institutional investors and hedge funds have recently bought and sold shares of the stock. Elequin Capital LP acquired a new stake in shares of Travel + Leisure during the first quarter valued at about $30,000. Natixis purchased a new position in shares of Travel + Leisure during the 4th quarter worth approximately $37,000. Geneos Wealth Management Inc. increased its holdings in Travel + Leisure by 293.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company's stock valued at $44,000 after purchasing an additional 715 shares during the last quarter. UMB Bank n.a. raised its position in Travel + Leisure by 54.0% in the first quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock valued at $54,000 after purchasing an additional 409 shares during the period. Finally, N.E.W. Advisory Services LLC purchased a new stake in Travel + Leisure in the first quarter valued at approximately $54,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

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.