Travel + Leisure Co. (NYSE:TNL) Given Average 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.

Shares of Travel + Leisure Co. (NYSE:TNL - Get Free Report) have received an average rating of "Moderate Buy" from the ten ratings firms that are currently covering the company, MarketBeat.com reports. One equities 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 target among brokers that have covered the stock in the last year is $62.30.

Several equities research analysts recently issued reports on TNL shares. Barclays upped 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. JMP Securities upped their price objective on Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a research note on Thursday, July 24th. Wall Street Zen downgraded Travel + Leisure from a "buy" rating to a "hold" rating in a research note on Saturday, August 23rd. Finally, Mizuho upgraded Travel + Leisure from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $63.00 to $72.00 in a research note on Thursday, July 24th.

Travel + Leisure Trading Down 2.2%

Travel + Leisure stock traded down $1.37 during trading on Tuesday, hitting $61.83. 605,275 shares of the company were exchanged, compared to its average volume of 610,834. The business's 50 day moving average is $60.21 and its 200 day moving average is $52.15. Travel + Leisure has a 52 week low of $37.77 and a 52 week high of $64.11. 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 1.44.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share (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 company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company posted $1.52 EPS. The company's quarterly revenue was up 3.4% compared to the same quarter last year. Equities analysts expect that Travel + Leisure will post 6.46 EPS for the current year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, September 12th. Travel + Leisure's dividend payout ratio is 38.62%.

Insider Transactions at Travel + Leisure

In other news, insider Jeffrey Myers sold 110,885 shares of the company's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $62.33, for a total transaction of $6,911,462.05. Following the transaction, the insider owned 142,553 shares of the company's stock, valued at $8,885,328.49. This represents a 43.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Herrera sold 2,200 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were 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 in the company, valued at $33,808.32. This represents a 79.74% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 320,174 shares of company stock worth $19,765,874. Company insiders own 3.75% of the company's stock.

Institutional Trading of Travel + Leisure

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