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

Shares of Travel + Leisure Co. (NYSE:TNL) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $87.8182.

A number of research analysts have recently commented on TNL shares. Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Mizuho raised their price objective on Travel + Leisure from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Wells Fargo & Company raised their target price on Travel + Leisure from $87.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Susquehanna initiated coverage on shares of Travel + Leisure in a report on Tuesday, August 18th. They set a “positive” rating and a $95.00 price objective for the company. Finally, Barclays lifted their target price on shares of Travel + Leisure from $74.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd.

Insider Buying and Selling at Travel + Leisure

In other news, Director George Herrera sold 500 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total value of $37,580.00. Following the completion of the transaction, the director directly owned 1,353 shares of the company’s stock, valued at approximately $101,691.48. This represents a 26.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kimberly Marshall sold 32,691 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total value of $2,451,825.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 95,135 shares of company stock valued at $7,022,699. 4.01% of the stock is currently owned by corporate insiders.

Institutional Trading of Travel + Leisure

A number of large investors have recently bought and sold shares of TNL. First Bancorp Inc ME bought a new position in shares of Travel + Leisure during the second quarter valued at $27,000. Danske Bank A S acquired a new stake in shares of Travel + Leisure in the 3rd quarter valued at $30,000. Elevation Wealth Partners LLC grew its holdings in shares of Travel + Leisure by 413.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock worth $35,000 after purchasing an additional 372 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Travel + Leisure by 43.8% in the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after purchasing an additional 191 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after purchasing an additional 715 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Stock Up 2.0%

TNL opened at $73.14 on Tuesday. Travel + Leisure has a 12-month low of $58.07 and a 12-month high of $81.00. The firm has a market capitalization of $4.48 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 0.49 and a beta of 1.17. The stock’s 50 day moving average price is $75.12 and its two-hundred day moving average price is $72.14.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.88. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company posted $1.65 earnings per share. Travel + Leisure’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, analysts anticipate that Travel + Leisure will post 7.6 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.60 per share. The ex-dividend date is Wednesday, September 16th. This represents a $2.40 dividend on an annualized basis and a yield of 3.3%. Travel + Leisure’s dividend payout ratio (DPR) is currently 65.57%.

Travel + Leisure Company Profile

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.