Travel + Leisure - TNL Stock Forecast, Price & News

Travel + Leisure Co., together with its subsidiaries, provides hospitality services and 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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts. The Travel and Membership segment operates various businesses, including three vacation exchange brands, a home exchange network, travel technology platforms, travel memberships, and direct-to-consumer rentals. As of January 26, 2022, it had approximately 245 vacation ownership resorts. It also offers private-label travel booking technology solutions. The company was formerly known as Wyndham Destinations, Inc. and changed its name to Travel + Leisure Co. in February 2021. Travel + Leisure Co. was founded in 1990 and is headquartered in Orlando, Florida.

Travel + Leisure Stock Performance

Travel + Leisure stock traded up $1.67 during midday trading on Friday, reaching $47.43. 741,642 shares of the company's stock were exchanged, compared to its average volume of 697,104. Travel + Leisure has a 52 week low of $37.67 and a 52 week high of $63.19. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 11.51 and a beta of 1.71. The stock's 50-day simple moving average is $42.94 and its 200 day simple moving average is $50.32.

Travel + Leisure (NYSE:TNL - Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.07. Travel + Leisure had a negative return on equity of 45.70% and a net margin of 10.44%. The business had revenue of $922.00 million during the quarter, compared to analysts' expectations of $917.86 million. During the same quarter last year, the company posted $0.88 earnings per share. Travel + Leisure's quarterly revenue was up 15.7% on a year-over-year basis. Research analysts forecast that Travel + Leisure will post 4.56 earnings per share for the current year.

Travel + Leisure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Wednesday, September 14th. Travel + Leisure's dividend payout ratio is presently 38.84%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TNL shares. Barclays started coverage on Travel + Leisure in a research report on Tuesday, June 28th. They issued an "equal weight" rating on the stock. Jefferies Financial Group raised Travel + Leisure from a "hold" rating to a "buy" rating and lifted their target price for the company from $62.00 to $79.00 in a research report on Friday, April 29th. Deutsche Bank Aktiengesellschaft lowered their target price on Travel + Leisure from $76.00 to $69.00 and set a "buy" rating on the stock in a research report on Monday, August 1st. Stifel Nicolaus lowered their target price on Travel + Leisure from $76.00 to $61.00 in a research report on Thursday, July 28th. Finally, Truist Financial lowered their target price on Travel + Leisure from $78.00 to $72.00 and set a "buy" rating on the stock in a research report on Friday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $71.40.

Insider Transactions at Travel + Leisure

In other news, Director George Herrera sold 2,135 shares of the business's stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $45.72, for a total transaction of $97,612.20. Following the completion of the sale, the director now owns 39,852 shares in the company, valued at $1,822,033.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Olivier Chavy sold 4,195 shares of the business's stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $42.65, for a total value of $178,916.75. Following the completion of the sale, the insider now directly owns 127,236 shares in the company, valued at $5,426,615.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director George Herrera sold 2,135 shares of the business's stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $45.72, for a total value of $97,612.20. Following the completion of the sale, the director now owns 39,852 shares of the company's stock, valued at $1,822,033.44. The disclosure for this sale can be found here. Corporate insiders own 2.07% of the company's stock.