Tigress Financial Forecasts Strong Price Appreciation for Travel + Leisure (NYSE:TNL) Stock

Travel + Leisure (NYSE:TNL - Free Report) had its target price raised by Tigress Financial from $58.00 to $64.00 in a report published on Friday morning, Benzinga reports. Tigress Financial currently has a buy rating on the stock.

TNL has been the subject of several other reports. Barclays raised their price target on Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a report on Thursday, October 24th. The Goldman Sachs Group upped their price target on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Truist Financial cut their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, July 19th. One research 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 company has a consensus rating of "Moderate Buy" and a consensus price target of $55.67.

Travel + Leisure Stock Performance

TNL traded up $0.75 during trading on Friday, hitting $48.56. The stock had a trading volume of 500,817 shares, compared to its average volume of 590,269. Travel + Leisure has a twelve month low of $32.74 and a twelve month high of $49.91. The firm has a market capitalization of $3.32 billion, a P/E ratio of 8.25, a PEG ratio of 0.71 and a beta of 1.62. The company's 50-day moving average price is $45.01 and its 200 day moving average price is $44.69.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.08. The firm had revenue of $993.00 million during the quarter, compared to analysts' expectations of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm's revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the company posted $1.54 earnings per share. As a group, equities analysts expect that Travel + Leisure will post 5.77 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 annualized dividend and a dividend yield of 4.12%. Travel + Leisure's dividend payout ratio is currently 33.96%.

Insider Activity at Travel + Leisure

In related news, Director Stephen P. Holmes sold 80,000 shares of the business's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $47.55, for a total value of $3,804,000.00. Following the completion of the transaction, the director now owns 362,947 shares of the company's stock, valued at approximately $17,258,129.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the transaction, the director now owns 362,947 shares of the company's stock, valued at $17,258,129.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction 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 completion of the sale, the director now directly owns 6,352 shares of the company's stock, valued at approximately $269,832.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,439 shares of company stock valued at $4,032,971. 4.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Quest Partners LLC increased its position in Travel + Leisure by 1,474.2% during the 2nd quarter. Quest Partners LLC now owns 22,181 shares of the company's stock worth $998,000 after purchasing an additional 20,772 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Travel + Leisure in the first quarter worth $4,739,000. Harbor Capital Advisors Inc. raised its stake in shares of Travel + Leisure by 125.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company's stock valued at $2,393,000 after acquiring an additional 29,656 shares during the period. Commerce Bank lifted its holdings in shares of Travel + Leisure by 53.4% during the 1st quarter. Commerce Bank now owns 163,102 shares of the company's stock valued at $7,985,000 after acquiring an additional 56,775 shares in the last quarter. Finally, LSV Asset Management boosted its position in Travel + Leisure by 6.4% during 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 during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

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.