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

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

A number of brokerages have commented on TNL. Morgan Stanley dropped their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Barclays dropped 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. Finally, The Goldman Sachs Group dropped 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.

Travel + Leisure Price Performance

Travel + Leisure stock traded down $0.22 during mid-day trading on Monday, reaching $56.83. 600,713 shares of the company traded hands, compared to its average volume of 649,510. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 0.55 and a beta of 1.38. Travel + Leisure has a fifty-two week low of $37.77 and a fifty-two week high of $58.95. The firm's fifty day moving average is $51.53 and its two-hundred day moving average is $50.22.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.01. Travel + Leisure had a net margin of 10.77% and a negative return on equity of 46.83%. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $933.08 million. During the same quarter last year, the business earned $0.97 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities research analysts predict that Travel + Leisure will post 6.46 earnings per share for the current year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Friday, June 13th. Travel + Leisure's payout ratio is currently 37.40%.

Insider Activity

In other Travel + Leisure news, Director Denny Marie Post sold 5,500 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $50.20, for a total value of $276,100.00. Following the sale, the director directly owned 4,477 shares in the company, valued at approximately $224,745.40. The trade was a 55.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey Myers sold 13,922 shares of the business's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $58.00, for a total value of $807,476.00. Following the sale, the insider owned 165,890 shares in the company, valued at approximately $9,621,620. The trade was a 7.74% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,285 shares of company stock worth $1,474,767. 3.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On Travel + Leisure

Large investors have recently made changes to their positions in the company. Elequin Capital LP bought a new stake in Travel + Leisure during the first quarter worth approximately $30,000. Natixis bought a new stake in Travel + Leisure during the fourth quarter worth approximately $37,000. Geneos Wealth Management Inc. boosted its position in Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company's stock worth $44,000 after purchasing an additional 715 shares during the period. UMB Bank n.a. boosted its position in Travel + Leisure by 54.0% during the first quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock worth $54,000 after purchasing an additional 409 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new stake in Travel + Leisure during the first quarter worth approximately $54,000. Institutional investors 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.