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

Travel + Leisure Co. (NYSE:TNL - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $54.83.

TNL has been the topic of a number of research reports. JMP Securities initiated coverage on Travel + Leisure in a report on Tuesday, February 13th. They issued an "outperform" rating and a $50.00 price objective on the stock. Barclays raised their price objective on Travel + Leisure from $44.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday. Mizuho began coverage on Travel + Leisure in a report on Tuesday, March 26th. They issued a "neutral" rating and a $55.00 price objective on the stock. Truist Financial raised their target price on Travel + Leisure from $59.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. Finally, Jefferies Financial Group upgraded Travel + Leisure from a "hold" rating to a "buy" rating and raised their target price for the company from $37.00 to $57.00 in a report on Tuesday, January 2nd.

Travel + Leisure Stock Performance

NYSE TNL traded up $0.12 during trading hours on Friday, hitting $45.81. 691,456 shares of the company's stock were exchanged, compared to its average volume of 624,908. The business's 50 day moving average is $45.62 and its 200-day moving average is $40.61. Travel + Leisure has a 12-month low of $32.10 and a 12-month high of $49.02. The firm has a market capitalization of $3.26 billion, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 1.24 and a beta of 1.63.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its earnings results on Wednesday, April 24th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.12. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The firm had revenue of $916.00 million for the quarter, compared to the consensus estimate of $904.54 million. During the same period in the prior year, the business posted $0.89 earnings per share. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Travel + Leisure will post 5.41 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were issued a dividend of $0.50 per share. This is an increase from Travel + Leisure's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Wednesday, March 20th. Travel + Leisure's dividend payout ratio (DPR) is presently 36.83%.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 2,969 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 2,193 shares in the company, valued at approximately $99,408.69. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Travel + Leisure news, insider Kimberly Marshall sold 4,953 shares of the firm's stock in a transaction that occurred on Sunday, March 10th. The stock was sold at an average price of $45.24, for a total transaction of $224,073.72. Following the completion of the sale, the insider now owns 54,657 shares in the company, valued at approximately $2,472,682.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director George Herrera sold 2,969 shares of Travel + Leisure stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $45.33, for a total value 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 in the last 90 days. 4.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew 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 worth $419,136,000 after acquiring an additional 466,640 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Travel + Leisure by 34.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company's stock worth $63,830,000 after purchasing an additional 447,938 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in shares of Travel + Leisure by 0.6% in the 3rd quarter. Copeland Capital Management LLC now owns 1,543,199 shares of the company's stock worth $56,682,000 after purchasing an additional 8,699 shares during the last quarter. Norges Bank bought a new stake in shares of Travel + Leisure in the 4th quarter worth approximately $34,967,000. Finally, LSV Asset Management lifted its holdings in shares of Travel + Leisure by 2.0% in the 3rd quarter. LSV Asset Management now owns 572,309 shares of the company's stock worth $21,021,000 after purchasing an additional 11,400 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

About Travel + Leisure

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.