Travel + Leisure Co. (NYSE:TNL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Travel + Leisure Co. (NYSE:TNL) have earned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $69.90.

A number of brokerages have issued reports on TNL. Citigroup reissued an “outperform” rating on shares of Travel + Leisure in a report on Thursday, October 23rd. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their target price on shares of Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, Morgan Stanley set a $68.00 target price on shares of Travel + Leisure in a research note on Wednesday, October 22nd.

Insider Activity

In other news, insider Jeffrey Myers sold 50,000 shares of Travel + Leisure stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $66.38, for a total transaction of $3,319,000.00. Following the sale, the insider owned 63,789 shares of the company’s stock, valued at approximately $4,234,313.82. The trade was a 43.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Amandine Robin-Caplan sold 1,538 shares of Travel + Leisure stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $65.08, for a total transaction of $100,093.04. Following the transaction, the insider directly owned 3,904 shares of the company’s stock, valued at approximately $254,072.32. This trade represents a 28.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 128,344 shares of company stock worth $8,480,198. 3.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. purchased a new position in Travel + Leisure during the 2nd quarter valued at about $27,000. Elequin Capital LP purchased a new position in Travel + Leisure during the 1st quarter valued at about $30,000. Parkside Financial Bank & Trust lifted its position in Travel + Leisure by 155.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock valued at $32,000 after acquiring an additional 382 shares during the period. CNB Bank purchased a new position in Travel + Leisure during the 3rd quarter valued at about $32,000. Finally, Geneos Wealth Management Inc. lifted its position in Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after acquiring an additional 715 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

Travel + Leisure Stock Up 0.0%

Shares of Travel + Leisure stock opened at $62.73 on Wednesday. The firm has a market cap of $4.04 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 0.55 and a beta of 1.47. Travel + Leisure has a 12-month low of $37.77 and a 12-month high of $70.43. The company’s fifty day simple moving average is $61.85 and its two-hundred day simple moving average is $55.85.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 EPS. As a group, sell-side analysts expect that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.6%. Travel + Leisure’s payout ratio is presently 36.84%.

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.