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

Shares of Travel + Leisure Co. (NYSE:TNL - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $59.20.

A number of brokerages have issued reports on TNL. The Goldman Sachs Group cut their target price on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Tigress Financial raised their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Truist Financial boosted their target price on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a report on Friday, March 7th. Mizuho restated a "neutral" rating and set a $64.00 price target (up previously from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Finally, Barclays reduced their price target 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.

Insiders Place Their Bets

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the transaction, the director now owns 2,759 shares of the company's stock, valued at $129,121.20. This trade represents a 69.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Denny Marie Post sold 5,500 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $50.20, for a total value of $276,100.00. Following the sale, the director now directly owns 4,477 shares in the company, valued at $224,745.40. This represents a 55.13% decrease in their position. The disclosure for this sale can be found here. 3.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in Travel + Leisure in the fourth quarter valued at approximately $45,804,000. Nuveen LLC purchased a new position in Travel + Leisure during the 1st quarter worth $41,114,000. AQR Capital Management LLC boosted its holdings in Travel + Leisure by 28.3% in the 1st quarter. AQR Capital Management LLC now owns 1,827,453 shares of the company's stock valued at $83,241,000 after purchasing an additional 403,418 shares in the last quarter. LSV Asset Management increased its position in Travel + Leisure by 37.7% during the 1st quarter. LSV Asset Management now owns 956,109 shares of the company's stock worth $44,258,000 after purchasing an additional 261,528 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Travel + Leisure by 129.5% during the 1st quarter. Millennium Management LLC now owns 413,505 shares of the company's stock worth $19,141,000 after buying an additional 233,345 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Up 1.6%

Shares of NYSE:TNL traded up $0.78 during trading on Friday, reaching $49.46. 380,506 shares of the company's stock traded hands, compared to its average volume of 641,261. The firm has a market cap of $3.28 billion, a PE ratio of 8.47, a P/E/G ratio of 0.67 and a beta of 1.41. Travel + Leisure has a fifty-two week low of $37.77 and a fifty-two week high of $58.95. The company has a 50-day simple moving average of $45.54 and a 200-day simple moving average of $50.34.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $933.08 million. During the same quarter in the prior year, the firm earned $0.97 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Travel + Leisure will post 6.46 EPS for the current year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.56 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.24 annualized dividend and a yield of 4.53%. 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.