Travel + Leisure Co. (NYSE:TNL) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Travel + Leisure received a “Moderate Buy” consensus from 13 analysts, with 11 buy ratings and two holds. The average 12-month price target is $87.82, above the stock’s reported price of $73.14.
• The company’s latest quarterly results met expectations, reporting $1.88 in EPS and $1.06 billion in revenue, up 4.4% year over year. Analysts expect approximately $7.60 in EPS for the current year.
• Travel + Leisure declared a quarterly dividend of $0.60 per share, equivalent to a $2.40 annualized payout and a 3.3% yield. Meanwhile, insiders sold about $7.0 million of stock over the past 90 days.

Travel + Leisure Co. (NYSE:TNL - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirteen research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $87.8182.

Several research analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Travel + Leisure from $74.00 to $77.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 23rd. Susquehanna started coverage on Travel + Leisure in a research report on Tuesday, August 18th. They issued a "positive" rating and a $95.00 target price for the company. Zacks Research lowered Travel + Leisure from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 19th. Mizuho lifted their target price on Travel + Leisure from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Finally, Citigroup restated a "market outperform" rating on shares of Travel + Leisure in a report on Thursday, July 23rd.

Travel + Leisure Price Performance

NYSE TNL opened at $73.14 on Tuesday. The company has a market capitalization of $4.48 billion, a P/E ratio of 19.98, a PEG ratio of 0.49 and a beta of 1.17. Travel + Leisure has a 12 month low of $58.07 and a 12 month high of $81.00. The company's 50 day simple moving average is $75.12 and its 200 day simple moving average is $72.14.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the prior year, the company earned $1.65 earnings per share. The firm's revenue was up 4.4% on a year-over-year basis. On average, analysts anticipate that Travel + Leisure will post 7.6 earnings per share for the current year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, September 16th. Travel + Leisure's payout ratio is currently 65.57%.

Insider Buying and Selling

In related news, insider Geoffrey Richards sold 33,744 shares of the business's stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $75.65, for a total value of $2,552,733.60. Following the completion of the sale, the insider owned 1,600 shares of the company's stock, valued at approximately $121,040. The trade was a 95.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kimberly Marshall sold 32,691 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total value of $2,451,825.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 95,135 shares of company stock worth $7,022,699. Corporate insiders own 4.01% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. First Bancorp Inc ME acquired a new position in Travel + Leisure during the second quarter worth $27,000. Elevation Wealth Partners LLC raised its stake in shares of Travel + Leisure by 413.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 462 shares of the company's stock valued at $35,000 after acquiring an additional 372 shares in the last quarter. Danske Bank A S acquired a new stake in Travel + Leisure in the 3rd quarter worth approximately $30,000. N.E.W. Advisory Services LLC acquired a new position in Travel + Leisure during the second quarter valued at approximately $46,000. Finally, Assetmark Inc. boosted its holdings in shares of Travel + Leisure by 43.8% during the 1st quarter. Assetmark Inc. now owns 627 shares of the company's stock worth $43,000 after buying an additional 191 shares during the period. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Company Profile

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.

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