Analysts Set Travel + Leisure Co. (NYSE:TNL) PT at $72.22

Travel + Leisure Co. (NYSE:TNL) has been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $72.2222.

TNL has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Travel + Leisure in a report on Wednesday, October 8th. Mizuho set a $86.00 price objective on Travel + Leisure in a research report on Wednesday, October 22nd. Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a report on Thursday, October 23rd. Finally, Wells Fargo & Company began coverage on shares of Travel + Leisure in a report on Tuesday, November 18th. They issued an “overweight” rating and a $74.00 price objective for the company.

Travel + Leisure Trading Down 1.9%

TNL stock opened at $73.41 on Monday. The firm has a 50-day moving average price of $69.13 and a 200-day moving average price of $63.53. Travel + Leisure has a 12 month low of $37.77 and a 12 month high of $76.21. The stock has a market capitalization of $4.72 billion, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 0.53 and a beta of 1.38.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.57 EPS. As a group, equities analysts predict that Travel + Leisure will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.24 annualized dividend and a dividend yield of 3.1%. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.84%.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 1,538 shares of Travel + Leisure stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $65.08, for a total transaction of $100,093.04. Following the transaction, the insider directly owned 3,904 shares of the company’s stock, valued at approximately $254,072.32. The trade was a 28.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Geoffrey Richards sold 62,525 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $65.17, for a total value of $4,074,754.25. Following the completion of the sale, the insider directly owned 39,604 shares of the company’s stock, valued at approximately $2,580,992.68. The trade was a 61.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 198,776 shares of company stock worth $13,080,628. Company insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. bought a new stake in shares of Travel + Leisure in the 2nd quarter valued at $27,000. Danske Bank A S acquired a new position in Travel + Leisure in the third quarter valued at $30,000. Parkside Financial Bank & Trust boosted its position in Travel + Leisure by 155.3% during the second quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock valued at $32,000 after acquiring an additional 382 shares during the last quarter. CNB Bank acquired a new stake in Travel + Leisure during the 3rd quarter worth about $32,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Travel + Leisure by 293.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after acquiring an additional 715 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

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.