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

Key Points

• Travel + Leisure Co. has a consensus rating of "Moderate Buy" from ten brokerages, with eight analysts issuing buy ratings and an average 12-month price target of $62.30.
• The company recently reported quarterly earnings, missing the EPS estimate by $0.01, but showed a revenue increase of 3.4% year-over-year, totaling $1.02 billion.
• Insider trading activity includes significant stock sales by executives, with insider ownership currently at 3.75% of the company’s stock.

Shares of Travel + Leisure Co. (NYSE:TNL - Get Free Report) have earned an average recommendation of "Moderate Buy" from the ten analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $62.30.

A number of analysts have issued reports on the stock. Morgan Stanley reduced their target price on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. JMP Securities increased their target price on Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a report on Thursday, July 24th. Barclays raised their price target on Travel + Leisure from $39.00 to $54.00 and gave the company an "underweight" rating in a report on Thursday, July 24th. Mizuho raised shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and raised their price target for the company from $63.00 to $72.00 in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded Travel + Leisure from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th.

Travel + Leisure Price Performance

Travel + Leisure stock traded down $0.05 during midday trading on Friday, reaching $60.07. The stock had a trading volume of 302,085 shares, compared to its average volume of 695,466. The firm's fifty day simple moving average is $55.86 and its two-hundred day simple moving average is $51.32. Travel + Leisure has a twelve month low of $37.77 and a twelve month high of $63.31. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 0.58 and a beta of 1.43.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its earnings results 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 analyst estimates of $1.01 billion. During the same period last year, the business earned $1.52 EPS. The business's quarterly revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts predict that Travel + Leisure will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 3.7%. The ex-dividend date of this dividend is Friday, September 12th. Travel + Leisure's dividend payout ratio (DPR) is 38.62%.

Insider Buying and Selling at Travel + Leisure

In other news, CAO Thomas Michael Duncan sold 8,201 shares of the business's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $62.24, for a total transaction of $510,430.24. Following the completion of the transaction, the chief accounting officer owned 20,000 shares of the company's stock, valued at approximately $1,244,800. The trade was a 29.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Herrera sold 2,200 shares of the business'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. The trade was a 79.74% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 320,174 shares of company stock valued at $19,765,874. 3.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings in Travel + Leisure by 46.8% in the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company's stock valued at $138,449,000 after purchasing an additional 855,151 shares during the period. LSV Asset Management increased its position in shares of Travel + Leisure by 69.0% during the second quarter. LSV Asset Management now owns 1,615,402 shares of the company's stock worth $83,371,000 after buying an additional 659,293 shares during the period. Northern Trust Corp grew its holdings in Travel + Leisure by 3.3% during the 1st quarter. Northern Trust Corp now owns 1,071,318 shares of the company's stock worth $49,591,000 after acquiring an additional 34,615 shares during the period. Charles Schwab Investment Management Inc. grew its holdings 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 worth $46,039,000 after purchasing an additional 79,430 shares during the period. Finally, Norges Bank acquired a new stake in Travel + Leisure in the second quarter valued at approximately $50,934,000. Institutional investors and hedge funds 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.