Shares of Travel + Leisure Co. (NYSE:TNL – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $54.83.
TNL has been the subject of several recent analyst reports. JMP Securities began coverage on Travel + Leisure in a research report on Tuesday, February 13th. They set an “outperform” rating and a $50.00 price objective for the company. Truist Financial lifted their price target on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Barclays increased their price objective on shares of Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Finally, Mizuho initiated coverage on shares of Travel + Leisure in a research note on Tuesday, March 26th. They set a “neutral” rating and a $55.00 target price on the stock.
View Our Latest Stock Report on Travel + Leisure
Insider Activity at Travel + Leisure
In other news, insider James J. Savina sold 15,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $45.18, for a total value of $677,700.00. Following the completion of the sale, the insider now owns 15,860 shares of the company’s stock, valued at $716,554.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider James J. Savina sold 15,000 shares of Travel + Leisure stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total transaction of $677,700.00. Following the completion of the transaction, the insider now owns 15,860 shares of the company’s stock, valued at $716,554.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kimberly Marshall sold 4,953 shares of the company’s stock in a transaction on Sunday, March 10th. The shares were sold at an average price of $45.24, for a total transaction of $224,073.72. Following the sale, the insider now directly owns 54,657 shares in the company, valued at approximately $2,472,682.68. The disclosure for this sale can be found here. Insiders sold 28,922 shares of company stock worth $1,318,358 over the last three months. Company insiders own 4.02% of the company’s stock.
Hedge Funds Weigh In On Travel + Leisure
A number of institutional investors and hedge funds have recently modified their holdings of TNL. Vanguard Group Inc. raised its holdings in shares of Travel + Leisure by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock valued at $419,136,000 after purchasing an additional 466,640 shares during the period. AQR Capital Management LLC grew its stake in Travel + Leisure by 34.7% in the third quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company’s stock valued at $63,830,000 after acquiring an additional 447,938 shares during the period. Norges Bank bought a new stake in shares of Travel + Leisure during the fourth quarter valued at approximately $34,967,000. Swedbank AB acquired a new position in shares of Travel + Leisure during the first quarter worth approximately $33,598,000. Finally, LSV Asset Management lifted its holdings in shares of Travel + Leisure by 6.4% in the 1st quarter. LSV Asset Management now owns 589,100 shares of the company’s stock worth $28,842,000 after purchasing an additional 35,591 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.
Travel + Leisure Stock Down 1.3 %
Shares of Travel + Leisure stock opened at $45.06 on Wednesday. Travel + Leisure has a 12-month low of $32.10 and a 12-month high of $49.02. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 2.53 and a beta of 1.63. The firm’s 50-day moving average price is $45.82 and its two-hundred day moving average price is $42.02.
Travel + Leisure (NYSE:TNL – Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.12. Travel + Leisure had a net margin of 10.54% and a negative return on equity of 44.34%. The business had revenue of $916.00 million for the quarter, compared to analyst estimates of $904.54 million. During the same quarter last year, the business posted $0.89 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, sell-side analysts expect that Travel + Leisure will post 5.52 earnings per share for the current year.
Travel + Leisure Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.44%. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.
About Travel + Leisure
Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.
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