Travel + Leisure (NYSE:TNL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Travel + Leisure (NYSE:TNL) from a hold rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

Other equities analysts have also recently issued research reports about the company. Barclays decreased their price target on Travel + Leisure from $77.00 to $72.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 28th. Weiss Ratings cut Travel + Leisure from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, November 3rd. Truist Financial cut their target price on shares of Travel + Leisure from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a research note on Thursday, July 23rd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $86.00 price target on shares of Travel + Leisure in a research report on Thursday, October 22nd. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.25.

Travel + Leisure Price Performance

TNL stock opened at $78.44 on Friday. The company has a 50 day moving average price of $66.28 and a 200 day moving average price of $70.60. Travel + Leisure has a fifty-two week low of $60.34 and a fifty-two week high of $81.00. The stock has a market capitalization of $4.73 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 0.76 and a beta of 1.21.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.16. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 5.66%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $1.80 EPS. As a group, equities analysts expect that Travel + Leisure will post 7.77 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 Thursday, December 31st. Stockholders of record on Friday, December 11th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, December 11th. Travel + Leisure’s dividend payout ratio (DPR) is currently 64.52%.

Insider Activity at Travel + Leisure

In related news, CAO Thomas Michael Duncan sold 20,000 shares of Travel + Leisure stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $74.16, for a total transaction of $1,483,200.00. Following the completion of the sale, the chief accounting officer directly owned 5,307 shares of the company’s stock, valued at $393,567.12. The trade was a 79.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.01% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Travel + Leisure

Several hedge funds have recently added to or reduced their stakes in TNL. Intech Investment Management LLC grew its position in shares of Travel + Leisure by 88.2% during the 3rd quarter. Intech Investment Management LLC now owns 73,428 shares of the company’s stock worth $4,543,000 after buying an additional 34,409 shares during the period. CENTRAL TRUST Co increased its stake in shares of Travel + Leisure by 66.4% in the 3rd quarter. CENTRAL TRUST Co now owns 4,553 shares of the company’s stock valued at $282,000 after acquiring an additional 1,816 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Travel + Leisure in the 3rd quarter valued at about $240,000. AlphaCore Capital LLC raised its position in shares of Travel + Leisure by 67.8% in the 3rd quarter. AlphaCore Capital LLC now owns 5,990 shares of the company’s stock valued at $371,000 after acquiring an additional 2,421 shares during the period. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of Travel + Leisure in the 3rd quarter valued at approximately $97,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Company Profile

Travel + Leisure Co is a leisure travel company focused on vacation ownership, vacation exchange and travel membership services. Its vacation ownership business develops, markets and manages resort-based vacation ownership interests and related products through brands including Club Wyndham, WorldMark and Margaritaville Vacation Club.

The company also operates RCI, a vacation exchange network that enables members of affiliated vacation ownership programs to exchange their stays. Its travel and membership offerings include services designed to help members plan and book vacations.

Travel + Leisure Co was formed as Wyndham Destinations following the 2018 separation of Wyndham Hotels & Resorts, and adopted its current name in 2021.