Travel + Leisure (NYSE:TNL) Upgraded at Mizuho

Mizuho upgraded shares of Travel + Leisure (NYSE:TNL - Free Report) from a neutral rating to an outperform rating in a research note published on Thursday morning, MarketBeat Ratings reports. The firm currently has $72.00 price objective on the stock, up from their prior price objective of $63.00.

A number of other analysts have also issued reports on the stock. Barclays lowered their target price 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. Morgan Stanley decreased their price target on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group decreased their price target on shares of 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, one has issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $62.30.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock traded down $0.30 during trading on Thursday, hitting $62.88. The company's stock had a trading volume of 827,790 shares, compared to its average volume of 699,464. Travel + Leisure has a 52 week low of $37.77 and a 52 week high of $63.28. The company has a fifty day simple moving average of $52.47 and a two-hundred day simple moving average of $50.55. The company has a market capitalization of $4.08 billion, a PE ratio of 10.84, a P/E/G ratio of 0.60 and a beta of 1.38.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.66 by ($0.01). The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%. The business's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 EPS. As a group, analysts predict that Travel + Leisure will post 6.46 EPS for the current year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.56 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.24 annualized dividend and a yield of 3.56%. Travel + Leisure's dividend payout ratio is currently 38.62%.

Insider Buying and Selling at Travel + Leisure

In other news, CAO Thomas Michael Duncan sold 8,201 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $62.24, for a total transaction of $510,430.24. Following the transaction, the chief accounting officer directly owned 20,000 shares in the company, valued at approximately $1,244,800. This trade represents a 29.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey Myers sold 110,885 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $62.33, for a total value of $6,911,462.05. Following the sale, the insider directly owned 142,553 shares of the company's stock, valued at approximately $8,885,328.49. This represents a 43.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 323,474 shares of company stock valued at $19,908,918. 3.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Travel + Leisure during the 4th quarter worth about $3,850,000. HighTower Advisors LLC grew its holdings in shares of Travel + Leisure by 3.2% during the 4th quarter. HighTower Advisors LLC now owns 9,982 shares of the company's stock worth $504,000 after purchasing an additional 314 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Travel + Leisure by 31.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,906 shares of the company's stock worth $298,000 after purchasing an additional 1,397 shares during the period. Xponance Inc. grew its holdings in shares of Travel + Leisure by 4.0% during the 4th quarter. Xponance Inc. now owns 7,720 shares of the company's stock worth $389,000 after purchasing an additional 294 shares during the period. Finally, Teacher Retirement System of Texas raised its position in shares of Travel + Leisure by 25.2% in the 4th quarter. Teacher Retirement System of Texas now owns 33,102 shares of the company's stock valued at $1,670,000 after purchasing an additional 6,663 shares in the last quarter. Institutional investors and hedge funds 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.