Travel + Leisure Co. (NYSE:TNL) Receives Average Recommendation of "Moderate Buy" from Analysts

Travel + Leisure Co. (NYSE:TNL - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nine ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $58.67.

TNL has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Truist Financial upped their target price on Travel + Leisure from $60.00 to $61.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Barclays lifted their price target on Travel + Leisure from $41.00 to $48.00 and gave the stock an "underweight" rating in a report on Friday, December 13th. JPMorgan Chase & Co. upped their price objective on Travel + Leisure from $56.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Finally, Tigress Financial lifted their target price on Travel + Leisure from $58.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, November 1st.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock traded down $0.54 during trading hours on Thursday, reaching $49.91. The company's stock had a trading volume of 528,594 shares, compared to its average volume of 582,772. The company has a market capitalization of $3.41 billion, a P/E ratio of 8.47, a P/E/G ratio of 0.77 and a beta of 1.63. The stock's fifty day simple moving average is $52.43 and its two-hundred day simple moving average is $47.31. Travel + Leisure has a one year low of $37.99 and a one year high of $56.91.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly 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. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm posted $1.54 EPS. Travel + Leisure's quarterly revenue was up .7% compared to the same quarter last year. As a group, research analysts forecast that Travel + Leisure will post 5.75 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.00 annualized dividend and a yield of 4.01%. Travel + Leisure's dividend payout ratio is currently 33.96%.

Insider Activity

In related news, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure 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 completion of the sale, the director now owns 362,947 shares of the company's stock, valued at approximately $17,258,129.85. This trade represents a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Geoffrey Richards sold 5,009 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total value of $261,269.44. Following the completion of the transaction, the insider now owns 125,209 shares in the company, valued at $6,530,901.44. This represents a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,016 shares of company stock worth $4,846,863 over the last ninety days. Company insiders own 4.02% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC grew its position in Travel + Leisure by 80.4% in the third quarter. Barclays PLC now owns 225,326 shares of the company's stock worth $10,383,000 after acquiring an additional 100,440 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of Travel + Leisure by 1,474.2% in 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. Versor Investments LP increased its position in shares of Travel + Leisure by 45.4% during the 3rd quarter. Versor Investments LP now owns 40,290 shares of the company's stock valued at $1,857,000 after purchasing an additional 12,585 shares during the last quarter. FMR LLC raised its holdings in shares of Travel + Leisure by 28.5% during the 3rd quarter. FMR LLC now owns 261,599 shares of the company's stock valued at $12,054,000 after buying an additional 58,008 shares in the last quarter. Finally, Hancock Whitney Corp bought a new stake in Travel + Leisure in the 2nd quarter worth approximately $1,925,000. Hedge funds and other institutional investors own 87.54% of the company's stock.

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.