Travel + Leisure Co. (NYSE:TNL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Travel + Leisure Co. (NYSE:TNL – Get Rating) have been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $71.40.

A number of equities analysts have recently issued reports on TNL shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Travel + Leisure from $76.00 to $69.00 and set a “buy” rating on the stock in a research report on Monday, August 1st. Truist Financial dropped their price target on shares of Travel + Leisure from $78.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, August 12th. Barclays assumed coverage on shares of Travel + Leisure in a research report on Tuesday, June 28th. They issued an “equal weight” rating on the stock. Finally, Stifel Nicolaus dropped their price target on shares of Travel + Leisure from $76.00 to $61.00 in a research report on Thursday, July 28th.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Travel + Leisure

Several large investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Travel + Leisure by 13.9% during the 1st quarter. BlackRock Inc. now owns 9,806,796 shares of the company’s stock worth $568,206,000 after purchasing an additional 1,197,611 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Travel + Leisure by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 8,770,347 shares of the company’s stock worth $508,154,000 after purchasing an additional 108,258 shares during the last quarter. Invesco Ltd. increased its stake in shares of Travel + Leisure by 11.8% during the 1st quarter. Invesco Ltd. now owns 6,057,641 shares of the company’s stock worth $350,980,000 after purchasing an additional 636,968 shares during the last quarter. Boston Partners increased its stake in shares of Travel + Leisure by 25.2% during the 1st quarter. Boston Partners now owns 4,068,039 shares of the company’s stock worth $234,757,000 after purchasing an additional 817,795 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Travel + Leisure by 0.5% in the 2nd quarter. Principal Financial Group Inc. now owns 3,420,744 shares of the company’s stock valued at $132,795,000 after buying an additional 17,122 shares in the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Travel + Leisure Trading Up 2.6 %

TNL stock opened at $43.64 on Friday. The firm has a market cap of $3.66 billion, a PE ratio of 10.59 and a beta of 1.68. The stock has a 50-day moving average price of $43.38 and a 200-day moving average price of $48.33. Travel + Leisure has a 1-year low of $37.67 and a 1-year high of $63.19.

Travel + Leisure (NYSE:TNL – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. The company had revenue of $922.00 million for the quarter, compared to analysts’ expectations of $917.86 million. Travel + Leisure had a net margin of 10.44% and a negative return on equity of 45.70%. The business’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. On average, analysts forecast that Travel + Leisure will post 4.57 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.60 annualized dividend and a dividend yield of 3.67%. Travel + Leisure’s dividend payout ratio is currently 38.84%.

Travel + Leisure Company Profile

(Get Rating)

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.

Further Reading

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