Travel + Leisure Co. (NYSE:TNL) Receives $86.90 Average PT from Analysts

Shares of Travel + Leisure Co. (NYSE:TNL) have been assigned a consensus recommendation of “Buy” from the twelve analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $86.90.

TNL has been the topic of several recent analyst reports. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. The Goldman Sachs Group upgraded Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Monday, June 1st. Morgan Stanley lifted their price objective on Travel + Leisure from $78.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Zacks Research upgraded shares of Travel + Leisure from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a report on Thursday, July 23rd.

Travel + Leisure Stock Down 0.7%

Shares of TNL opened at $77.38 on Friday. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 0.53 and a beta of 1.17. Travel + Leisure has a 12 month low of $57.78 and a 12 month high of $81.00. The company has a 50-day moving average price of $74.62 and a two-hundred day moving average price of $71.88.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, meeting the consensus estimate of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company posted $1.65 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts expect that Travel + Leisure will post 7.68 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 16th. Travel + Leisure’s dividend payout ratio (DPR) is currently 65.57%.

Insider Activity

In related news, insider Geoffrey Richards sold 33,744 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $75.65, for a total transaction of $2,552,733.60. Following the completion of the sale, the insider directly owned 1,600 shares of the company’s stock, valued at $121,040. This trade represents a 95.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George Herrera sold 500 shares of Travel + Leisure stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the completion of the transaction, the director owned 1,353 shares of the company’s stock, valued at approximately $101,691.48. The trade was a 26.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 97,435 shares of company stock valued at $7,166,474 in the last ninety days. 4.01% of the stock is currently owned by corporate insiders.

Institutional Trading of Travel + Leisure

Hedge funds and other institutional investors have recently made changes to their positions in the business. Elevation Wealth Partners LLC raised its stake in shares of Travel + Leisure by 413.3% in the second quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock worth $35,000 after acquiring an additional 372 shares during the last quarter. Danske Bank A S bought a new position in Travel + Leisure in the 3rd quarter valued at $30,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Travel + Leisure in the 4th quarter valued at $43,000. Assetmark Inc. lifted its stake in shares of Travel + Leisure by 43.8% during the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after acquiring an additional 191 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Travel + Leisure by 293.0% in the first 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 last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.