Analysts Set Travel + Leisure Co. (NYSE:TNL) PT at $53.63

Shares of Travel + Leisure Co. (NYSE:TNL - Get Free Report) have received an average recommendation of "Hold" from the seven brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $53.63.

Several equities analysts have recently commented on TNL shares. Mizuho started coverage on shares of Travel + Leisure in a report on Tuesday, March 26th. They issued a "neutral" rating and a $55.00 target price on the stock. Truist Financial boosted their target price on shares of Travel + Leisure from $59.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. JMP Securities started coverage on shares of Travel + Leisure in a report on Tuesday, February 13th. They issued an "outperform" rating and a $50.00 target price on the stock. Barclays boosted their target price on shares of Travel + Leisure from $37.00 to $44.00 and gave the stock an "equal weight" rating in a report on Thursday, February 22nd. Finally, Jefferies Financial Group raised shares of Travel + Leisure from a "hold" rating to a "buy" rating and upped their price target for the company from $37.00 to $57.00 in a research note on Tuesday, January 2nd.

Travel + Leisure Stock Performance

Shares of TNL traded down $0.53 during mid-day trading on Tuesday, reaching $47.33. The stock had a trading volume of 750,100 shares, compared to its average volume of 531,722. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 1.33 and a beta of 1.63. Travel + Leisure has a 12 month low of $32.10 and a 12 month high of $49.02. The business has a fifty day moving average of $43.98 and a 200 day moving average of $39.43.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.37 by $0.61. Travel + Leisure had a net margin of 10.59% and a negative return on equity of 43.77%. The firm had revenue of $935.00 million for the quarter, compared to the consensus estimate of $946.56 million. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The company's quarterly revenue was up 4.0% compared to the same quarter last year. On average, research analysts forecast that Travel + Leisure will post 5.4 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.00 annualized dividend and a dividend yield of 4.23%. This is an increase from Travel + Leisure's previous quarterly dividend of $0.45. Travel + Leisure's dividend payout ratio is currently 37.59%.

Insider Activity

In other news, insider James J. Savina sold 15,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total value of $677,700.00. Following the sale, the insider now owns 15,860 shares of the company's stock, valued at $716,554.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director George Herrera sold 2,969 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $45.33, for a total value of $134,584.77. Following the transaction, the director now directly owns 2,193 shares in the company, valued at $99,408.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James J. Savina sold 15,000 shares of the 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 transaction, the insider now owns 15,860 shares in the company, valued at $716,554.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,922 shares of company stock valued at $1,318,358. 2.84% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of Travel + Leisure by 13.9% in the 1st quarter. BlackRock Inc. now owns 9,806,796 shares of the company's stock valued at $568,206,000 after purchasing an additional 1,197,611 shares during the last quarter. Norges Bank purchased a new position in shares of Travel + Leisure in the 4th quarter valued at approximately $34,967,000. Millennium Management LLC raised its position in shares of Travel + Leisure by 508.3% in the 4th quarter. Millennium Management LLC now owns 1,058,035 shares of the company's stock valued at $38,512,000 after purchasing an additional 884,116 shares during the last quarter. Invesco Ltd. raised its position in shares of Travel + Leisure by 11.8% in the 1st quarter. Invesco Ltd. now owns 6,057,641 shares of the company's stock valued at $350,980,000 after purchasing an additional 636,968 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Travel + Leisure by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company's stock valued at $419,136,000 after purchasing an additional 466,640 shares during the last quarter. 87.54% of the stock is currently 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.