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

Travel + Leisure Co. (NYSE:TNL - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $59.20.

A number of equities analysts recently weighed in on the stock. Truist Financial upped their target price 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. Morgan Stanley dropped their price objective 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. The Goldman Sachs Group cut their target price on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Barclays decreased their price objective on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. Finally, Tigress Financial boosted their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, March 6th.

Insider Transactions at Travel + Leisure

In related news, Director Denny Marie Post sold 5,500 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was 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 directly owns 4,477 shares of the company's stock, valued at approximately $224,745.40. This trade represents a 55.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.75% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp acquired a new position in shares of Travel + Leisure in the 4th quarter worth approximately $25,000. Elequin Capital LP acquired a new stake in Travel + Leisure in the 1st quarter valued at approximately $30,000. Natixis purchased a new stake in Travel + Leisure in the fourth quarter valued at approximately $37,000. Smartleaf Asset Management LLC lifted its stake in Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after purchasing an additional 181 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of 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 buying an additional 715 shares during the period. Hedge funds and other institutional investors own 87.54% of the company's stock.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock traded up $0.51 during trading hours on Thursday, hitting $51.99. The company's stock had a trading volume of 1,168,823 shares, compared to its average volume of 651,307. The company has a market cap of $3.45 billion, a PE ratio of 8.70, a PEG ratio of 0.50 and a beta of 1.37. The business has a 50 day moving average price of $47.96 and a two-hundred day moving average price of $49.75. Travel + Leisure has a 12-month low of $37.77 and a 12-month high of $58.95.

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

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.24 annualized dividend and a dividend yield of 4.31%. Travel + Leisure's dividend payout ratio (DPR) is 37.40%.

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.