Travel + Leisure Co. (NYSE:TNL) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Travel + Leisure Co. (NYSE:TNL) has received an average recommendation of "Moderate Buy" from eleven brokerages, with nine analysts rating it as a buy, indicating positive investor sentiment.
• The company's 12-month target price averages $62.30, reflecting an optimistic outlook despite a recent earnings report that slightly missed expectations.
• Travel + Leisure recently announced a quarterly dividend of $0.56 per share, representing a yield of 3.6% and a 38.62% payout ratio, appealing to income-focused investors.

Shares of Travel + Leisure Co. (NYSE:TNL - Get Free Report) have received an average recommendation of "Moderate Buy" from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $62.30.

Several research firms have recently weighed in on TNL. Wall Street Zen raised Travel + Leisure from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Mizuho raised Travel + Leisure from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $63.00 to $72.00 in a report on Thursday, July 24th. Weiss Ratings reissued a "buy (b)" rating on shares of Travel + Leisure in a report on Saturday, September 27th. JMP Securities increased their price objective on Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a report on Thursday, July 24th. Finally, Barclays increased their price target on Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, July 24th.

Travel + Leisure Trading Up 0.5%

TNL stock opened at $61.82 on Friday. The company has a market capitalization of $4.01 billion, a P/E ratio of 10.66, a PEG ratio of 0.60 and a beta of 1.47. Travel + Leisure has a twelve month low of $37.77 and a twelve month high of $64.11. The business has a 50 day simple moving average of $61.06 and a 200-day simple moving average of $53.14.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.01). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. Travel + Leisure's revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 earnings per share. Research analysts predict that Travel + Leisure will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 12th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.24 annualized dividend and a dividend yield of 3.6%. Travel + Leisure's dividend payout ratio (DPR) is currently 38.62%.

Insider Activity

In related news, insider Michael Dean Brown purchased 1,500 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of $58.39 per share, with a total value of $87,585.00. Following the completion of the acquisition, the insider directly owned 427,821 shares in the company, valued at $24,980,468.19. This trade represents a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Thomas Michael Duncan sold 8,201 shares of the firm's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $62.24, for a total value of $510,430.24. Following the completion of the sale, the chief accounting officer directly owned 20,000 shares of the company's stock, valued at approximately $1,244,800. This trade represents a 29.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 320,174 shares of company stock valued at $19,765,874. 3.75% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Travel + Leisure

A number of hedge funds and other institutional investors have recently bought and sold shares of TNL. Norges Bank acquired a new position in shares of Travel + Leisure during the 2nd quarter worth $50,934,000. Nuveen LLC acquired a new position in shares of Travel + Leisure during the 1st quarter worth $41,114,000. AQR Capital Management LLC raised its stake in shares of Travel + Leisure by 46.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company's stock worth $138,449,000 after buying an additional 855,151 shares during the last quarter. LSV Asset Management raised its stake in shares of Travel + Leisure by 69.0% during the 2nd quarter. LSV Asset Management now owns 1,615,402 shares of the company's stock worth $83,371,000 after buying an additional 659,293 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Travel + Leisure by 98.4% during the 2nd quarter. Quantinno Capital Management LP now owns 488,307 shares of the company's stock worth $25,202,000 after buying an additional 242,231 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

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.

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