Travel + Leisure Co. (NYSE:TNL) Receives $63.70 Consensus Target Price from Analysts

Travel + Leisure Co. (NYSE:TNL) has earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $62.20.

A number of research firms recently issued reports on TNL. Truist Financial lifted their price objective on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Morgan Stanley assumed coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They set an “overweight” rating and a $67.00 price objective on the stock. Tigress Financial boosted their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. The Goldman Sachs Group dropped their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Barclays lifted their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th.

Insider Activity at Travel + Leisure

In related news, Director George Herrera sold 6,336 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the transaction, the director now directly owns 2,759 shares in the company, valued at $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Dean Brown acquired 2,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the transaction, the insider now owns 408,706 shares of the company’s stock, valued at $19,070,221.96. This trade represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. 4.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Travel + Leisure

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. raised its position in Travel + Leisure by 4.8% in the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock worth $178,822,000 after purchasing an additional 163,804 shares in the last quarter. Copeland Capital Management LLC raised its holdings in shares of Travel + Leisure by 0.8% in the 4th quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company’s stock worth $78,984,000 after buying an additional 12,111 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Travel + Leisure by 4.3% during the 4th quarter. AQR Capital Management LLC now owns 1,424,035 shares of the company’s stock worth $71,358,000 after buying an additional 58,944 shares during the period. Northern Trust Corp boosted its stake in Travel + Leisure by 9.6% in the 4th quarter. Northern Trust Corp now owns 1,036,703 shares of the company’s stock valued at $52,302,000 after buying an additional 90,553 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Travel + Leisure by 15.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company’s stock valued at $46,169,000 after acquiring an additional 122,173 shares during the period. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Trading Up 1.0 %

NYSE:TNL opened at $41.42 on Friday. Travel + Leisure has a 1-year low of $37.77 and a 1-year high of $58.95. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.67 and a beta of 1.40. The business’s fifty day moving average price is $48.81 and its 200 day moving average price is $50.61.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. During the same period last year, the company posted $1.98 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts forecast that Travel + Leisure will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.41%. Travel + Leisure’s payout ratio is presently 38.36%.

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.