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

Travel + Leisure Co. (NYSE:TNL) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $85.20.

Several analysts recently commented on the company. Oppenheimer reiterated an “outperform” rating and issued a $85.00 target price on shares of Travel + Leisure in a report on Wednesday, February 18th. Weiss Ratings upgraded shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday. Barclays decreased their price objective on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a research report on Thursday, April 23rd. Finally, Stifel Nicolaus set a $89.00 target price on shares of Travel + Leisure in a research note on Wednesday, February 18th.

Insiders Place Their Bets

In other Travel + Leisure news, Director George Herrera sold 1,748 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $70.31, for a total value of $122,901.88. Following the completion of the sale, the director directly owned 1,853 shares in the company, valued at approximately $130,284.43. The trade was a 48.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Amandine Robin-Caplan sold 3,904 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $74.61, for a total value of $291,277.44. The disclosure for this sale is available in the SEC filing. Insiders sold 121,738 shares of company stock valued at $9,136,054 over the last 90 days. 4.01% of the stock is owned by company insiders.

Institutional Trading of Travel + Leisure

Several large investors have recently modified their holdings of TNL. Danske Bank A S bought a new stake in shares of Travel + Leisure in the 3rd quarter valued at $30,000. CNB Bank bought a new position in Travel + Leisure during the third quarter worth $32,000. N.E.W. Advisory Services LLC acquired a new stake in Travel + Leisure in the fourth quarter worth $43,000. Geneos Wealth Management Inc. grew 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 worth $44,000 after purchasing an additional 715 shares during the period. Finally, CENTRAL TRUST Co increased its stake in Travel + Leisure by 181.5% in the third quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock valued at $47,000 after purchasing an additional 510 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Trading Down 0.9%

Shares of TNL opened at $64.77 on Wednesday. The stock’s 50-day moving average price is $72.30 and its two-hundred day moving average price is $69.83. Travel + Leisure has a 12 month low of $42.58 and a 12 month high of $81.00. The company has a market capitalization of $4.04 billion, a PE ratio of 18.19, a PEG ratio of 0.49 and a beta of 1.32.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.14. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The company had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $954.81 million. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Equities research analysts predict that Travel + Leisure will post 7.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were given a $0.60 dividend. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, March 20th. This represents a $2.40 annualized dividend and a dividend yield of 3.7%. Travel + Leisure’s dividend payout ratio is 67.42%.

About Travel + Leisure

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.