Travel + Leisure (NYSE:TNL) Stock Gets Price Target Reduction from Susquehanna

Travel + Leisure (NYSE:TNL) had its target price lowered by Susquehanna from $95.00 to $75.00 in a research report released on Thursday morning, MarketBeat.com reports. The brokerage currently has a positive rating on the stock.

Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Travel + Leisure in a research note on Thursday, October 8th. They issued a “neutral” rating and a $70.00 price objective on the stock. Zacks Research downgraded shares of Travel + Leisure from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Citigroup reissued a “market outperform” rating on shares of Travel + Leisure in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Travel + Leisure in a report on Tuesday, July 21st. Finally, Morgan Stanley boosted their price target on shares of Travel + Leisure from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, August 18th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.33.

Travel + Leisure Price Performance

NYSE:TNL opened at $64.68 on Thursday. The stock has a market cap of $3.96 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 0.65 and a beta of 1.19. Travel + Leisure has a fifty-two week low of $59.62 and a fifty-two week high of $81.00. The stock’s 50-day moving average is $66.87 and its two-hundred day moving average is $70.16.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.88. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.65 earnings per share. On average, equities research analysts anticipate that Travel + Leisure will post 7.47 earnings per share for the current year.

Travel + Leisure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a $0.60 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $2.40 dividend on an annualized basis and a yield of 3.7%. Travel + Leisure’s dividend payout ratio is currently 65.57%.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, insider Kimberly Marshall sold 32,691 shares of Travel + Leisure stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $75.00, for a total value of $2,451,825.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Michael Duncan sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $74.16, for a total transaction of $1,483,200.00. Following the completion of the sale, the chief accounting officer directly owned 5,307 shares of the company’s stock, valued at $393,567.12. This represents a 79.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 86,635 shares of company stock valued at $6,503,559. 4.01% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TNL. GAMMA Investing LLC increased its position in shares of Travel + Leisure by 16.2% during the third quarter. GAMMA Investing LLC now owns 3,894 shares of the company’s stock valued at $241,000 after purchasing an additional 544 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Travel + Leisure by 5.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 802,110 shares of the company’s stock valued at $61,305,000 after buying an additional 40,573 shares in the last quarter. State Street Corp lifted its holdings in shares of Travel + Leisure by 0.4% during the 2nd quarter. State Street Corp now owns 2,157,772 shares of the company’s stock worth $164,919,000 after acquiring an additional 7,641 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Travel + Leisure by 13,195.5% during the 2nd quarter. NewEdge Advisors LLC now owns 2,925 shares of the company’s stock worth $224,000 after acquiring an additional 2,903 shares during the period. Finally, Nykredit A S acquired a new stake in shares of Travel + Leisure during the 2nd quarter valued at about $216,000. Institutional investors own 87.54% of the company’s stock.

About Travel + Leisure

Travel + Leisure Co (NYSE:TNL) is a global hospitality and leisure company focused primarily on vacation ownership, membership, and travel services. Its portfolio includes vacation-ownership programs and resorts operated under brands such as Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and other affiliated offerings. These programs provide members with access to vacation accommodations, resort stays, and travel-related benefits.

The company also operates travel-exchange and membership businesses that enable customers to exchange timeshare interests, arrange accommodations, and access travel experiences.