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

Shares of Travel + Leisure Co. (NYSE:TNL - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $59.20.

Several research analysts have recently issued reports on TNL shares. Barclays cut their target price on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group dropped their price target 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. Truist Financial raised their price target on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Morgan Stanley dropped their price target on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Tigress Financial raised their price target on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th.

Travel + Leisure Stock Up 1.0%

Shares of Travel + Leisure stock traded up $0.51 on Thursday, hitting $51.99. The stock had a trading volume of 1,168,823 shares, compared to its average volume of 648,397. Travel + Leisure has a one year low of $37.77 and a one year high of $58.95. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 0.50 and a beta of 1.37. The stock's 50-day simple moving average is $48.17 and its two-hundred day simple moving average is $49.68.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $934.00 million for the quarter, compared to analysts' expectations of $933.08 million. During the same quarter last year, the business earned $0.97 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. As a group, equities analysts predict that Travel + Leisure will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

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

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, Director Denny Marie Post sold 5,500 shares of the firm's stock in a transaction on 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 transaction, the director now owns 4,477 shares of the company's stock, valued at approximately $224,745.40. This trade represents a 55.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.75% of the company's stock.

Hedge Funds Weigh In On Travel + Leisure

Several institutional investors and hedge funds have recently added to or reduced their stakes in TNL. Merit Financial Group LLC purchased a new position in shares of Travel + Leisure in the 1st quarter worth about $261,000. GAMMA Investing LLC raised its position in shares of Travel + Leisure by 5,758.6% in the 1st quarter. GAMMA Investing LLC now owns 94,617 shares of the company's stock worth $4,380,000 after purchasing an additional 93,002 shares during the last quarter. Atlas Capital Advisors Inc. raised its position in shares of Travel + Leisure by 1,141.0% in the 4th quarter. Atlas Capital Advisors Inc. now owns 11,765 shares of the company's stock worth $594,000 after purchasing an additional 10,817 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Travel + Leisure in the 4th quarter worth about $458,000. Finally, Amundi raised its position in shares of Travel + Leisure by 22.8% in the 4th quarter. Amundi now owns 5,940 shares of the company's stock worth $302,000 after purchasing an additional 1,103 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

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.