Travel + Leisure (NYSE:TNL) Price Target Lowered to $52.00 at Morgan Stanley

Travel + Leisure (NYSE:TNL - Free Report) had its price target lowered by Morgan Stanley from $61.00 to $52.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts have also issued research reports about the stock. Mizuho reissued a "neutral" rating and set a $64.00 price objective (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Barclays upped their price target on Travel + Leisure from $48.00 to $54.00 and gave the stock an "underweight" rating in a research note on Thursday, February 20th. Tigress Financial raised their price objective on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Truist Financial boosted their target price on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group lowered their price target on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Travel + Leisure Trading Up 0.9 %

Shares of TNL stock traded up $0.41 during midday trading on Tuesday, reaching $44.15. 796,136 shares of the stock were exchanged, compared to its average volume of 627,852. Travel + Leisure has a 1 year low of $37.77 and a 1 year high of $58.95. The firm has a market cap of $2.94 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The company's 50 day moving average is $47.46 and its two-hundred day moving average is $50.53.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.01. The company had revenue of $934.00 million for the quarter, compared to analysts' expectations of $933.08 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. As a group, equities analysts expect that Travel + Leisure will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 5.07%. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure's dividend payout ratio (DPR) is presently 37.40%.

Insider Buying and Selling at Travel + Leisure

In related news, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the transaction, the director now directly owns 2,759 shares in the company, valued at approximately $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Dean Brown purchased 2,000 shares of Travel + Leisure stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $46.66 per share, with a total value of $93,320.00. Following the transaction, the insider now owns 408,706 shares of the company's stock, valued at approximately $19,070,221.96. This represents a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.75% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its stake in Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after acquiring an additional 181 shares during the period. Cerity Partners LLC raised its position in shares of Travel + Leisure by 1.0% during the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock valued at $986,000 after purchasing an additional 200 shares during the period. UMB Bank n.a. lifted its stake in shares of Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock valued at $38,000 after buying an additional 204 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Travel + Leisure by 49.2% in the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after buying an additional 210 shares during the period. Finally, Capital Analysts LLC increased its stake in Travel + Leisure by 16.8% in the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock worth $80,000 after buying an additional 227 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

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.