Travel + Leisure Co. (NYSE:TNL) Receives $59.20 Average Target Price from Analysts

Shares of Travel + Leisure Co. (NYSE:TNL - Get Free Report) have earned an average rating of "Moderate Buy" from the ten brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $59.20.

TNL has been the topic of several recent research reports. Truist Financial boosted their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Barclays decreased their price objective on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group decreased their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Tigress Financial upped their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Finally, Morgan Stanley reduced their target price on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd.

Insider Buying and Selling

In related news, Director Denny Marie Post sold 5,500 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $50.20, for a total transaction of $276,100.00. Following the completion of the sale, the director now owns 4,477 shares of the company's stock, valued at approximately $224,745.40. This represents a 55.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Herrera sold 6,336 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the sale, the director now directly owns 2,759 shares of the company's stock, valued at approximately $129,121.20. This trade represents a 69.66% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company's stock.

Institutional Trading of Travel + Leisure

Large investors have recently bought and sold shares of the company. Invesco Ltd. grew its position in Travel + Leisure by 4.8% in the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock valued at $178,822,000 after acquiring an additional 163,804 shares in the last quarter. AQR Capital Management LLC grew its position in Travel + Leisure by 28.3% in the first quarter. AQR Capital Management LLC now owns 1,827,453 shares of the company's stock valued at $83,241,000 after acquiring an additional 403,418 shares in the last quarter. Copeland Capital Management LLC grew its position in Travel + Leisure by 0.8% in the fourth quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company's stock valued at $78,984,000 after acquiring an additional 12,111 shares in the last quarter. Northern Trust Corp grew its position in Travel + Leisure by 3.3% in the first quarter. Northern Trust Corp now owns 1,071,318 shares of the company's stock valued at $49,591,000 after acquiring an additional 34,615 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Travel + Leisure by 8.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company's stock valued at $46,039,000 after acquiring an additional 79,430 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Price Performance

Shares of NYSE TNL traded down $0.37 during trading on Friday, hitting $48.92. 457,864 shares of the company were exchanged, compared to its average volume of 643,225. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 0.67 and a beta of 1.37. Travel + Leisure has a 1 year low of $37.77 and a 1 year high of $58.95. The firm's fifty day moving average price is $45.63 and its 200 day moving average price is $50.33.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.10 by $0.01. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $933.08 million. During the same period in the previous year, the firm earned $0.97 EPS. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, research analysts forecast that Travel + Leisure will post 6.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Friday, June 13th. Travel + Leisure's dividend payout ratio (DPR) is presently 37.40%.

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.