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

Shares of Travel + Leisure Co. (NYSE:TNL) have received a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $89.1818.

Several equities analysts recently commented on TNL shares. Susquehanna started coverage on Travel + Leisure in a research report on Tuesday, August 18th. They set a “positive” rating and a $95.00 target price for the company. Mizuho increased their price objective on Travel + Leisure from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group raised Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Monday, June 1st. Citigroup restated a “market outperform” rating on shares of Travel + Leisure in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company upped their target price on shares of Travel + Leisure from $87.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd.

Insider Transactions at Travel + Leisure

In related news, insider Geoffrey Richards sold 33,744 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $75.65, for a total transaction of $2,552,733.60. Following the completion of the sale, the insider directly owned 1,600 shares of the company’s stock, valued at $121,040. This trade represents a 95.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kimberly Marshall sold 32,691 shares of Travel + Leisure stock in a transaction on Thursday, July 23rd. The shares were 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. Insiders have sold 86,635 shares of company stock valued at $6,503,559 in the last three months. 4.01% of the stock is owned by corporate insiders.

Institutional Trading of Travel + Leisure

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. First Bancorp Inc ME bought a new position in shares of Travel + Leisure in the second quarter valued at about $27,000. Elevation Wealth Partners LLC grew its holdings in Travel + Leisure by 413.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock worth $35,000 after acquiring an additional 372 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Travel + Leisure in the 2nd quarter valued at about $46,000. Assetmark Inc. increased its position in Travel + Leisure by 43.8% in the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after acquiring an additional 191 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Travel + Leisure by 27.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,241 shares of the company’s stock worth $88,000 after acquiring an additional 265 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Stock Down 0.8%

NYSE:TNL opened at $63.21 on Friday. 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 $3.87 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 0.43 and a beta of 1.15. The firm has a 50-day moving average price of $71.83 and a 200 day moving average price of $71.29.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the business earned $1.65 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, research analysts expect that Travel + Leisure will post 7.7 EPS for the current year.

Travel + Leisure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.60 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.8%. Travel + Leisure’s payout ratio is 65.57%.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE:TNL) is a hospitality and leisure company focused primarily on vacation ownership, membership, and travel services. The company develops, sells, and manages vacation ownership interests and related travel products through brands that include Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and Travel + Leisure Co vacation ownership offerings.

The company also operates RCI, a vacation exchange network that enables members of affiliated vacation ownership programs to exchange accommodations in destinations around the world.