Travel + Leisure Co. (NYSE:TNL) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Travel + Leisure Co. has received a consensus rating of "Moderate Buy" from ten analysts, with eight buy recommendations, one hold, and one sell rating.
• The company's stock has a twelve-month price target average of $62.30, with recent analyst reports raising target prices to as high as $72.00.
• Travel + Leisure recently announced a quarterly dividend of $0.56, yielding approximately 3.6%, with an upcoming payout date of September 30th.

Travel + Leisure Co. (NYSE:TNL - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $62.30.

Several research analysts have issued reports on the company. Mizuho raised Travel + Leisure from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $63.00 to $72.00 in a research report on Thursday, July 24th. Wall Street Zen cut Travel + Leisure from a "buy" rating to a "hold" rating in a research report on Saturday, August 23rd. JMP Securities raised their target price on Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 24th. Finally, Barclays raised their target price on Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a research report on Thursday, July 24th.

Travel + Leisure Stock Performance

NYSE TNL opened at $62.88 on Tuesday. Travel + Leisure has a one year low of $37.77 and a one year high of $64.11. The stock has a 50-day moving average of $59.68 and a 200 day moving average of $51.98. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 0.60 and a beta of 1.44.

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

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, September 12th. Travel + Leisure's dividend payout ratio (DPR) is presently 38.62%.

Insiders Place Their Bets

In other Travel + Leisure news, Director George Herrera sold 2,200 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $60.48, for a total value of $133,056.00. Following the transaction, the director directly owned 559 shares of the company's stock, valued at approximately $33,808.32. This trade represents a 79.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Myers sold 110,885 shares of Travel + Leisure stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $62.33, for a total value of $6,911,462.05. Following the transaction, the insider directly owned 142,553 shares in the company, valued at approximately $8,885,328.49. The trade was a 43.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, 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 Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its position 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 valued at $138,449,000 after buying an additional 855,151 shares in the last quarter. LSV Asset Management lifted its position 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 valued at $83,371,000 after buying an additional 659,293 shares in the last quarter. Northern Trust Corp lifted its position in shares of Travel + Leisure by 3.3% during the 1st quarter. Northern Trust Corp now owns 1,071,318 shares of the company's stock valued at $49,591,000 after buying an additional 34,615 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Travel + Leisure by 8.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company's stock valued at $46,039,000 after buying an additional 79,430 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Travel + Leisure during the 2nd quarter valued at about $50,934,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.