Travel + Leisure Co. (NYSE:TNL) Stock Has Average Price Target of $87.58

Key Points

• Analysts maintain a moderately bullish view of Travel + Leisure, with 11 buy ratings and three holds among 14 analysts. The average 12-month price target is $87.58, well above the stock’s reported price of $62.90.
• Travel + Leisure matched quarterly earnings expectations at $1.88 per share and exceeded revenue estimates with $1.06 billion, up 4.4% year over year. The company also pays a quarterly dividend of $0.60 per share, representing a 3.8% annualized yield.
• Insiders sold $6.5 million of stock over the prior three months, while institutional investors own 87.54% of the company. Shares remain below their 52-week high of $81.00, trading near the reported 52-week low of $58.33.

Travel + Leisure Co. (NYSE:TNL - Get Free Report) has earned an average rating of "Moderate Buy" from the fourteen analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $87.58.

A number of equities research analysts have recently issued reports on TNL shares. Mizuho increased their price target on shares of Travel + Leisure from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Citigroup restated a "market outperform" rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Zacks Research cut shares of Travel + Leisure from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 19th. Truist Financial reduced their price objective on shares of Travel + Leisure from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Thursday, September 10th. Finally, Morgan Stanley upped their target price on shares of Travel + Leisure from $83.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, August 18th.

Insider Activity

In related news, insider Kimberly Marshall sold 32,691 shares of the stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Thomas Michael Duncan sold 20,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was 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 in the company, valued at $393,567.12. This trade represents a 79.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 86,635 shares of company stock worth $6,503,559 in the last three months. Corporate insiders own 4.01% of the company's stock.

Hedge Funds Weigh In On Travel + Leisure

A number of institutional investors have recently added to or reduced their stakes in TNL. First Bancorp Inc ME purchased a new position in shares of Travel + Leisure during the 2nd quarter valued at about $27,000. Elevation Wealth Partners LLC boosted its stake in Travel + Leisure by 413.3% in the second quarter. Elevation Wealth Partners LLC now owns 462 shares of the company's stock worth $35,000 after buying an additional 372 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Travel + Leisure in the second quarter worth approximately $46,000. Assetmark Inc. boosted its stake in Travel + Leisure by 43.8% in the first quarter. Assetmark Inc. now owns 627 shares of the company's stock worth $43,000 after buying an additional 191 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in Travel + Leisure by 27.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,241 shares of the company's stock valued at $88,000 after acquiring an additional 265 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Stock Performance

NYSE:TNL opened at $62.90 on Wednesday. The business's fifty day moving average is $67.66 and its 200 day moving average is $70.27. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 0.62 and a beta of 1.19. Travel + Leisure has a 52-week low of $58.33 and a 52-week high of $81.00.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, hitting the consensus estimate of $1.88. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%. The firm's revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.65 EPS. Equities analysts predict that Travel + Leisure will post 7.60 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Wednesday, September 16th. Travel + Leisure's payout ratio is 65.57%.

About Travel + Leisure

Travel + Leisure Co NYSE: TNL is a global hospitality and leisure company focused primarily on vacation ownership, membership, and travel services. Its portfolio includes vacation-ownership programs and resorts operated under brands such as Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and other affiliated offerings. These programs provide members with access to vacation accommodations, resort stays, and travel-related benefits.

The company also operates travel-exchange and membership businesses that enable customers to exchange timeshare interests, arrange accommodations, and access travel experiences.

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