Travel + Leisure (NYSE:TNL) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Travel + Leisure (NYSE:TNL) had its target price upped by Stifel Nicolaus from $59.00 to $66.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Tigress Financial lifted their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group lifted their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Truist Financial reduced their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Barclays lifted their price objective on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Travel + Leisure has an average rating of “Moderate Buy” and a consensus target price of $56.80.

Travel + Leisure Stock Performance

TNL stock opened at $55.87 on Tuesday. Travel + Leisure has a one year low of $35.41 and a one year high of $56.91. The firm’s fifty day moving average is $49.19 and its 200 day moving average is $45.89. The firm has a market cap of $3.82 billion, a PE ratio of 9.40, a P/E/G ratio of 0.80 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The company had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm posted $1.54 EPS. Travel + Leisure’s quarterly revenue was up .7% compared to the same quarter last year. Research analysts predict that Travel + Leisure will post 5.75 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.50 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.58%. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

Insider Activity at Travel + Leisure

In related news, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the transaction, the director now directly owns 362,947 shares in the company, valued at approximately $17,258,129.85. This represents a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Amandine Robin-Caplan sold 3,246 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the sale, the insider now directly owns 24,491 shares of the company’s stock, valued at $1,024,703.44. The trade was a 11.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,455 shares of company stock valued at $5,075,834. 4.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TNL. QRG Capital Management Inc. lifted its stake in Travel + Leisure by 2.5% in the second quarter. QRG Capital Management Inc. now owns 18,005 shares of the company’s stock valued at $810,000 after buying an additional 432 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 526 shares in the last quarter. Versant Capital Management Inc acquired a new position in Travel + Leisure in the second quarter worth approximately $27,000. Allspring Global Investments Holdings LLC raised its position in shares of Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after purchasing an additional 607 shares during the period. Finally, Atria Investments Inc raised its holdings in Travel + Leisure by 14.4% during the 3rd quarter. Atria Investments Inc now owns 5,345 shares of the company’s stock worth $246,000 after buying an additional 672 shares during the period. 87.54% of the stock is currently owned by institutional investors.

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.