Travel + Leisure (NYSE:TNL) Coverage Initiated at Mizuho

Mizuho assumed coverage on shares of Travel + Leisure (NYSE:TNL) in a research note published on Tuesday morning, Marketbeat Ratings reports. The firm issued a neutral rating and a $55.00 price target on the stock.

Several other equities research analysts also recently commented on TNL. JMP Securities initiated coverage on shares of Travel + Leisure in a research report on Tuesday, February 13th. They issued an outperform rating and a $50.00 price target for the company. Truist Financial increased their target price on Travel + Leisure from $59.00 to $65.00 and gave the company a buy rating in a report on Tuesday, March 5th. Barclays lifted their price target on Travel + Leisure from $37.00 to $44.00 and gave the company an equal weight rating in a report on Thursday, February 22nd. Finally, Jefferies Financial Group raised Travel + Leisure from a hold rating to a buy rating and increased their price objective for the stock from $37.00 to $57.00 in a research note on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $53.63.

Travel + Leisure Stock Up 1.1 %

Shares of NYSE TNL opened at $48.96 on Tuesday. The stock’s fifty day simple moving average is $43.66 and its 200 day simple moving average is $39.30. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 1.31 and a beta of 1.61. Travel + Leisure has a 52-week low of $32.10 and a 52-week high of $49.02.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.61. Travel + Leisure had a negative return on equity of 43.77% and a net margin of 10.59%. The firm had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $946.56 million. During the same quarter last year, the business posted $1.30 EPS. Travel + Leisure’s revenue was up 4.0% on a year-over-year basis. As a group, analysts anticipate that Travel + Leisure will post 5.4 earnings per share for the current year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.08%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 20th. Travel + Leisure’s payout ratio is currently 37.59%.

Insider Activity

In other news, insider James J. Savina sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total value of $282,000.00. Following the completion of the sale, the insider now directly owns 26,442 shares of the company’s stock, valued at $1,242,774. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Travel + Leisure news, insider James J. Savina sold 6,000 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total transaction of $282,000.00. Following the sale, the insider now directly owns 26,442 shares of the company’s stock, valued at $1,242,774. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Herrera sold 2,969 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $45.33, for a total value of $134,584.77. Following the completion of the sale, the director now directly owns 2,193 shares in the company, valued at approximately $99,408.69. The disclosure for this sale can be found here. Insiders have sold a total of 28,922 shares of company stock valued at $1,318,358 over the last 90 days. 2.07% of the stock is currently owned by company insiders.

Institutional Trading of Travel + Leisure

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Travel + Leisure by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock worth $419,136,000 after buying an additional 466,640 shares during the last quarter. BlackRock Inc. raised its position 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 valued at $568,206,000 after acquiring an additional 1,197,611 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Travel + Leisure by 11.8% in the 1st quarter. Invesco Ltd. now owns 6,057,641 shares of the company’s stock valued at $350,980,000 after purchasing an additional 636,968 shares during the period. State Street Corp boosted its position in shares of Travel + Leisure by 3.0% in the 2nd quarter. State Street Corp now owns 2,515,891 shares of the company’s stock worth $97,667,000 after purchasing an additional 74,254 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Travel + Leisure by 34.7% during the third quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company’s stock worth $63,830,000 after purchasing an additional 447,938 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

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.