Travel + Leisure (NYSE:TNL) Price Target Raised to $49.00

Travel + Leisure (NYSE:TNL - Free Report) had its price target raised by The Goldman Sachs Group from $44.00 to $49.00 in a report released on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also recently commented on the company. JPMorgan Chase & Co. upped their price target on Travel + Leisure from $53.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday, July 19th. Tigress Financial lifted their price target on shares of Travel + Leisure from $54.00 to $58.00 and gave the company a "buy" rating in a report on Monday, July 29th. Truist Financial reduced their price objective on shares of Travel + Leisure from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. Barclays lifted their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Travel + Leisure from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $55.00.

Travel + Leisure Stock Up 0.7 %

NYSE:TNL traded up $0.33 on Thursday, hitting $47.61. The stock had a trading volume of 636,542 shares, compared to its average volume of 592,364. Travel + Leisure has a 52-week low of $32.10 and a 52-week high of $49.91. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 0.62 and a beta of 1.62. The business's 50-day simple moving average is $44.47 and its two-hundred day simple moving average is $44.60.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.08. The business had revenue of $993.00 million during the quarter, compared to analysts' expectations of $1.01 billion. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The firm's revenue was up .7% on a year-over-year basis. During the same period in the prior year, the company earned $1.54 earnings per share. As a group, equities research analysts anticipate that Travel + Leisure will post 5.67 EPS for the current year.

Travel + Leisure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.20%. Travel + Leisure's dividend payout ratio is currently 33.39%.

Insider Activity at Travel + Leisure

In related news, insider Amandine Robin-Caplan sold 3,246 shares of the business's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the sale, the insider now owns 24,491 shares in the company, valued at approximately $1,024,703.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the transaction, the insider now owns 24,491 shares of the company's stock, valued at approximately $1,024,703.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Herrera sold 2,193 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the sale, the director now owns 6,352 shares in the company, valued at approximately $269,832.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travel + Leisure

Institutional investors have recently made changes to their positions in the company. Semanteon Capital Management LP bought a new stake in shares of Travel + Leisure during the 3rd quarter worth approximately $1,117,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Travel + Leisure by 16.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 39,262 shares of the company's stock worth $1,809,000 after purchasing an additional 5,463 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Travel + Leisure by 4,532.8% during the third quarter. International Assets Investment Management LLC now owns 5,374 shares of the company's stock valued at $248,000 after purchasing an additional 5,258 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of Travel + Leisure in the third quarter worth about $368,000. Finally, Copeland Capital Management LLC increased its stake in Travel + Leisure by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 1,553,470 shares of the company's stock worth $71,584,000 after buying an additional 13,870 shares during the period. Institutional investors own 87.54% of the company's stock.

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.