Travel + Leisure Co. (NYSE:TNL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Travel + Leisure Co. (NYSE:TNL) has earned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $85.40.

TNL has been the topic of a number of research reports. Morgan Stanley lowered their price target on Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Barclays lowered their price target on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a report on Thursday, April 23rd. Weiss Ratings upgraded Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Mizuho cut their price objective on Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd.

Travel + Leisure Stock Performance

Travel + Leisure stock opened at $74.27 on Monday. The stock has a market cap of $4.64 billion, a P/E ratio of 20.86, a PEG ratio of 0.56 and a beta of 1.16. The firm’s fifty day moving average price is $70.55 and its 200-day moving average price is $71.56. Travel + Leisure has a fifty-two week low of $55.92 and a fifty-two week high of $81.00.

Travel + Leisure (NYSE:TNL) last released 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 firm had revenue of $961.00 million for the quarter, compared to analysts’ expectations of $954.80 million. During the same quarter last year, the firm posted $1.11 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. Sell-side analysts predict that Travel + Leisure will post 7.47 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, June 12th. Travel + Leisure’s dividend payout ratio is currently 67.42%.

Insider Buying and Selling

In other Travel + Leisure news, Director Denny Marie Post sold 2,500 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $63.83, for a total value of $159,575.00. Following the completion of the transaction, the director directly owned 1,977 shares in the company, valued at approximately $126,191.91. This represents a 55.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Dean Brown sold 9,443 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $79.11, for a total transaction of $747,035.73. Following the completion of the sale, the insider directly owned 487,303 shares of the company’s stock, valued at approximately $38,550,540.33. This represents a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 53,074 shares of company stock valued at $3,907,122 over the last three months. Insiders own 4.01% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Institutional investors have recently bought and sold shares of the stock. Elevation Wealth Partners LLC lifted its holdings in Travel + Leisure by 413.3% in the second quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock worth $35,000 after buying an additional 372 shares during the period. Bank of America Corp DE grew its holdings in shares of Travel + Leisure by 4.7% during the 1st quarter. Bank of America Corp DE now owns 204,503 shares of the company’s stock worth $14,150,000 after acquiring an additional 9,193 shares during the period. Edgestream Partners L.P. grew its holdings in shares of Travel + Leisure by 30.9% during the 1st quarter. Edgestream Partners L.P. now owns 135,102 shares of the company’s stock worth $9,348,000 after acquiring an additional 31,897 shares during the period. Bull Harbor Capital LLC bought a new position in shares of Travel + Leisure in the 1st quarter worth approximately $286,000. Finally, Amundi raised its position in shares of Travel + Leisure by 136.8% in the 1st quarter. Amundi now owns 22,158 shares of the company’s stock worth $1,533,000 after acquiring an additional 12,800 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

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.