Brokerages Set Travel + Leisure Co. (NYSE:TNL) PT at $63.70

Shares of Travel + Leisure Co. (NYSE:TNL - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $62.20.

Several equities research analysts have commented on TNL shares. Mizuho restated a "neutral" rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Truist Financial lifted their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Tigress Financial raised their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. The Goldman Sachs Group lowered their price target on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a report on Monday. Finally, Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and upped their target price for the stock from $40.00 to $60.00 in a research report on Monday, January 27th.

Insider Activity

In related news, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the sale, the director now directly owns 2,759 shares in the company, valued at $129,121.20. This trade represents a 69.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Dean Brown bought 2,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the transaction, the insider now owns 408,706 shares in the company, valued at $19,070,221.96. This trade represents a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.02% of the company's stock.

Institutional Trading of Travel + Leisure

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors acquired a new stake in shares of Travel + Leisure during the third quarter worth $224,000. Janus Henderson Group PLC raised its holdings in shares of Travel + Leisure by 18.8% during the third quarter. Janus Henderson Group PLC now owns 34,730 shares of the company's stock valued at $1,600,000 after acquiring an additional 5,503 shares during the period. Stifel Financial Corp boosted its stake in Travel + Leisure by 8.8% in the 3rd quarter. Stifel Financial Corp now owns 109,589 shares of the company's stock worth $5,050,000 after purchasing an additional 8,819 shares during the period. Barclays PLC boosted its stake in Travel + Leisure by 80.4% in the 3rd quarter. Barclays PLC now owns 225,326 shares of the company's stock worth $10,383,000 after purchasing an additional 100,440 shares during the period. Finally, Sanctuary Advisors LLC grew its position in Travel + Leisure by 168.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 16,550 shares of the company's stock worth $763,000 after purchasing an additional 10,382 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance

Travel + Leisure stock traded up $0.47 during trading on Friday, hitting $41.48. The company's stock had a trading volume of 70,534 shares, compared to its average volume of 671,145. Travel + Leisure has a 1-year low of $37.77 and a 1-year high of $58.95. The stock's fifty day moving average is $49.36 and its 200 day moving average is $50.67. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 7.10, a P/E/G ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. The firm had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. Travel + Leisure's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.98 earnings per share. On average, research analysts anticipate that Travel + Leisure will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.40%. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure's dividend payout ratio is 38.36%.

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.