Travel + Leisure Co. (NYSE:TNL) Stock Has Average Price Target of $85.25

Key Points

• Analyst sentiment is moderately bullish: Ten of 14 analysts rate Travel + Leisure a buy and four recommend holding, with an average 12-month price target of $85.25.
• Quarterly results topped expectations: The company reported EPS of $2.21 versus the $2.05 consensus and revenue of $1.10 billion versus expectations of $1.08 billion; revenue increased 5.5% year over year.
• Travel + Leisure declared a quarterly dividend of $0.60 per share, equivalent to $2.40 annually and a 3.2% yield at the article’s cited share price.

Shares of Travel + Leisure Co. (NYSE:TNL - Get Free Report) have received an average recommendation of "Moderate Buy" from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $85.25.

Several brokerages recently weighed in on TNL. Truist Financial cut their price target on Travel + Leisure from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Thursday, September 10th. JPMorgan Chase & Co. increased their price target on Travel + Leisure from $70.00 to $72.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 28th. Barclays dropped their price objective on Travel + Leisure from $77.00 to $72.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 28th. Mizuho set a $108.00 price objective on Travel + Leisure in a research report on Wednesday, October 28th. Finally, Citigroup restated a "market outperform" rating on shares of Travel + Leisure in a research report on Thursday, July 23rd.

Insider Transactions at Travel + Leisure

In related news, CAO Thomas Michael Duncan sold 20,000 shares of the business's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $74.16, for a total value of $1,483,200.00. Following the completion of the sale, the chief accounting officer owned 5,307 shares of the company's stock, valued at approximately $393,567.12. The trade was a 79.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.01% of the company's stock.

Hedge Funds Weigh In On Travel + Leisure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co lifted its stake in Travel + Leisure by 66.4% in the 3rd quarter. CENTRAL TRUST Co now owns 4,553 shares of the company's stock valued at $282,000 after buying an additional 1,816 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Travel + Leisure in the 3rd quarter worth about $240,000. AlphaCore Capital LLC increased its stake in Travel + Leisure by 67.8% during the 3rd quarter. AlphaCore Capital LLC now owns 5,990 shares of the company's stock worth $371,000 after buying an additional 2,421 shares in the last quarter. Fulcrum Asset Management LLP purchased a new stake in Travel + Leisure during the 3rd quarter worth approximately $97,000. Finally, Point Nemo Capital LLC increased its stake in Travel + Leisure by 11.2% during the 3rd quarter. Point Nemo Capital LLC now owns 20,474 shares of the company's stock worth $1,267,000 after buying an additional 2,061 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Travel + Leisure Price Performance

TNL opened at $75.30 on Friday. The firm has a fifty day moving average price of $66.13 and a 200 day moving average price of $70.56. Travel + Leisure has a 1 year low of $60.34 and a 1 year high of $81.00. The stock has a market cap of $4.54 billion, a P/E ratio of 20.24, a P/E/G ratio of 0.74 and a beta of 1.21.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The company reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.16. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.08 billion. Travel + Leisure had a net margin of 5.66% and a negative return on equity of 46.63%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.80 earnings per share. Equities analysts expect that Travel + Leisure will post 7.77 EPS for the current year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 11th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $2.40 dividend on an annualized basis and a yield of 3.2%. Travel + Leisure's dividend payout ratio (DPR) is currently 64.52%.

About Travel + Leisure

Travel + Leisure Co NYSE: TNL is a hospitality and leisure travel company that operates vacation ownership, exchange, and membership businesses. The company provides travelers with access to resort accommodations, vacation experiences, travel services, and related lifestyle offerings through a portfolio of consumer brands.

Its vacation ownership business includes brands such as Club Wyndham, WorldMark by Wyndham, and Margaritaville Vacation Club, offering members interests in vacation properties and access to resort destinations.

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