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 rating of "Moderate Buy" by the ten research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $56.80.

Several equities analysts have weighed in on the company. Truist Financial raised their price target on Travel + Leisure from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Stifel Nicolaus lifted their price objective on Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. The Goldman Sachs Group lifted their price objective on Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Barclays lifted their price objective on Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a research report on Thursday, October 24th. Finally, Tigress Financial lifted their price objective on Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a research report on Friday, November 1st.

Travel + Leisure Price Performance

Shares of TNL stock traded down $0.13 during midday trading on Friday, hitting $55.30. The company had a trading volume of 500,930 shares, compared to its average volume of 486,074. The company's 50 day simple moving average is $50.37 and its 200 day simple moving average is $46.31. Travel + Leisure has a 52-week low of $36.77 and a 52-week high of $56.91. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 0.80 and a beta of 1.63.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data 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 negative return on equity of 48.06% and a net margin of 10.99%. Travel + Leisure's revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.54 earnings per share. Analysts anticipate that Travel + Leisure will post 5.75 EPS for the current year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, December 13th. Travel + Leisure's dividend payout ratio (DPR) is presently 33.96%.

Insider Activity

In related news, insider Geoffrey Richards sold 9,400 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the completion of the transaction, the insider now directly owns 111,202 shares of the company's stock, valued at $6,289,585.12. This represents a 7.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was 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 directly owns 24,491 shares of the company's stock, valued at $1,024,703.44. This trade represents a 11.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,455 shares of company stock valued at $5,075,834. 4.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Travel + Leisure

A number of institutional investors have recently added to or reduced their stakes in TNL. Cetera Advisors LLC acquired a new stake in shares of Travel + Leisure during the 1st quarter valued at $206,000. QRG Capital Management Inc. lifted its position in shares of Travel + Leisure by 2.5% during the 2nd quarter. QRG Capital Management Inc. now owns 18,005 shares of the company's stock valued at $810,000 after acquiring an additional 432 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Travel + Leisure by 231.4% during the 2nd quarter. SG Americas Securities LLC now owns 12,111 shares of the company's stock valued at $545,000 after acquiring an additional 8,457 shares during the last quarter. Diversified Trust Co lifted its holdings in shares of Travel + Leisure by 37.0% in the second quarter. Diversified Trust Co now owns 16,104 shares of the company's stock valued at $724,000 after purchasing an additional 4,348 shares in the last quarter. Finally, TCW Group Inc. lifted its holdings in shares of Travel + Leisure by 16.8% in the second quarter. TCW Group Inc. now owns 427,958 shares of the company's stock valued at $19,250,000 after purchasing an additional 61,443 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

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.