Travel + Leisure (NYSE:TNL) Given New $48.00 Price Target at Barclays

Travel + Leisure (NYSE:TNL - Free Report) had its price objective upped by Barclays from $44.00 to $48.00 in a research note released on Thursday, Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research firms also recently issued reports on TNL. JMP Securities started coverage on Travel + Leisure in a research note on Tuesday, February 13th. They issued an outperform rating and a $50.00 price target for the company. Mizuho started coverage on shares of Travel + Leisure in a research note on Tuesday, March 26th. They issued a neutral rating and a $55.00 price target on the stock. Jefferies Financial Group upgraded shares of Travel + Leisure from a hold rating to a buy rating and lifted their price objective for the stock from $37.00 to $57.00 in a research note on Tuesday, January 2nd. Finally, Truist Financial boosted their price objective on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a buy rating in a report on Tuesday, March 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Travel + Leisure has an average rating of Moderate Buy and a consensus target price of $55.86.

Travel + Leisure Trading Down 1.2 %

Shares of NYSE:TNL traded down $0.55 on Thursday, hitting $45.69. The company had a trading volume of 588,102 shares, compared to its average volume of 558,338. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 1.25 and a beta of 1.63. The stock has a 50 day moving average price of $45.45 and a 200 day moving average price of $40.45. Travel + Leisure has a 1-year low of $32.10 and a 1-year high of $49.02.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.12. The business had revenue of $916.00 million for the quarter, compared to analyst estimates of $904.54 million. Travel + Leisure had a net margin of 10.59% and a negative return on equity of 43.77%. Travel + Leisure's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 EPS. Sell-side analysts anticipate that Travel + Leisure will post 5.4 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were given a dividend of $0.50 per share. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.00 annualized dividend and a dividend yield of 4.38%. Travel + Leisure's dividend payout ratio (DPR) is currently 37.59%.

Insider Buying and Selling at Travel + Leisure

In other news, Director George Herrera sold 2,969 shares of the business's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $45.33, for a total transaction of $134,584.77. Following the completion of the transaction, the director now owns 2,193 shares of the company's stock, valued at approximately $99,408.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider James J. Savina sold 15,000 shares of Travel + Leisure stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $45.18, for a total transaction of $677,700.00. Following the sale, the insider now directly owns 15,860 shares of the company's stock, valued at $716,554.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Herrera sold 2,969 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $45.33, for a total transaction of $134,584.77. Following the completion of the transaction, the director now owns 2,193 shares of the company's stock, valued at approximately $99,408.69. The disclosure for this sale can be found here. Insiders sold a total of 28,922 shares of company stock worth $1,318,358 over the last three months. Corporate insiders own 4.02% of the company's stock.

Institutional Investors Weigh In On Travel + Leisure

A number of institutional investors have recently added to or reduced their stakes in TNL. LSV Asset Management increased its position in Travel + Leisure by 2.0% during the 3rd quarter. LSV Asset Management now owns 572,309 shares of the company's stock valued at $21,021,000 after purchasing an additional 11,400 shares during the period. Oak Thistle LLC bought a new stake in Travel + Leisure during the fourth quarter valued at $1,046,000. Stifel Financial Corp grew its holdings in Travel + Leisure by 55.5% during the 3rd quarter. Stifel Financial Corp now owns 164,295 shares of the company's stock worth $6,035,000 after acquiring an additional 58,629 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Travel + Leisure in the 3rd quarter valued at about $1,245,000. Finally, Hsbc Holdings PLC lifted its stake in Travel + Leisure by 747.6% in the third quarter. Hsbc Holdings PLC now owns 159,662 shares of the company's stock valued at $5,864,000 after buying an additional 140,826 shares during the period. 87.54% of the stock is owned by 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.