Analysts Set Travel + Leisure Co. (NYSE:TNL) Target Price at $54.83

Travel + Leisure Co. (NYSE:TNL) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $54.83.

TNL has been the subject of several research reports. Mizuho initiated coverage on Travel + Leisure in a report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price objective for the company. Truist Financial lifted their price objective on Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Barclays increased their target price on shares of Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Finally, JMP Securities assumed coverage on shares of Travel + Leisure in a research report on Tuesday, February 13th. They issued an “outperform” rating and a $50.00 price target on the stock.

Insider Buying and Selling

In other Travel + Leisure news, insider James J. Savina sold 6,000 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $47.00, for a total transaction of $282,000.00. Following the completion of the sale, the insider now directly owns 26,442 shares in the company, valued at $1,242,774. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Travel + Leisure news, insider James J. Savina sold 15,000 shares of the company’s stock in a transaction that occurred on 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 can be accessed through this link. Also, insider James J. Savina sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $47.00, for a total value of $282,000.00. Following the transaction, the insider now directly owns 26,442 shares in the company, valued at $1,242,774. The disclosure for this sale can be found here. Insiders sold a total of 28,922 shares of company stock worth $1,318,358 over the last ninety days. 4.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travel + Leisure

A number of hedge funds and other institutional investors have recently modified their holdings of TNL. CWM LLC boosted its stake in Travel + Leisure by 332.7% during the third quarter. CWM LLC now owns 2,025 shares of the company’s stock worth $74,000 after acquiring an additional 1,557 shares in the last quarter. Copeland Capital Management LLC lifted its stake in shares of Travel + Leisure by 0.6% in the third quarter. Copeland Capital Management LLC now owns 1,543,199 shares of the company’s stock worth $56,682,000 after buying an additional 8,699 shares in the last quarter. Raymond James & Associates increased its position in shares of Travel + Leisure by 3.3% during the third quarter. Raymond James & Associates now owns 30,229 shares of the company’s stock valued at $1,110,000 after acquiring an additional 955 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Travel + Leisure by 10.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,692 shares of the company’s stock worth $576,000 after acquiring an additional 1,511 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new position in Travel + Leisure in the 3rd quarter valued at approximately $223,000. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock opened at $43.74 on Friday. The stock has a fifty day moving average price of $45.75 and a 200-day moving average price of $40.80. The firm has a market cap of $3.12 billion, a PE ratio of 8.06, a P/E/G ratio of 1.20 and a beta of 1.63. Travel + Leisure has a 1 year low of $32.10 and a 1 year high of $49.02.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, April 24th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $916.00 million for the quarter, compared to analysts’ expectations of $904.54 million. During the same period in the previous year, the company earned $0.89 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities analysts anticipate that Travel + Leisure will post 5.52 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were given a dividend of $0.50 per share. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date was Wednesday, March 20th. Travel + Leisure’s payout ratio is 36.83%.

Travel + Leisure Company Profile

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.