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

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 firm, MarketBeat.com reports. One 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 price target among brokers that have issued a report on the stock in the last year is $63.70.

A number of equities research analysts recently 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 report on Thursday, February 20th. Tigress Financial raised their target price on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. Morgan Stanley started coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They set an "overweight" rating and a $67.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group upped their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th.

Travel + Leisure Stock Performance

Shares of NYSE:TNL traded down $0.49 on Tuesday, hitting $47.12. The stock had a trading volume of 1,046,945 shares, compared to its average volume of 578,132. The firm's 50 day moving average price is $53.43 and its 200-day moving average price is $50.68. Travel + Leisure has a twelve month low of $39.91 and a twelve month high of $58.95. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61.

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Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. The firm had revenue of $971.00 million for 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%. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.98 earnings per share. As a group, sell-side analysts predict that Travel + Leisure will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Monday, March 17th. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's payout ratio is currently 38.36%.

Insider Buying and Selling at Travel + Leisure

In related news, insider Michael Dean Brown acquired 2,000 shares of the company's 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 acquisition, the insider now owns 408,706 shares of the company's stock, valued at $19,070,221.96. This trade represents a 0.49 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director George Herrera sold 6,336 shares of the 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 completion of the transaction, the director now directly owns 2,759 shares in the company, valued at $129,121.20. The trade was a 69.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.02% of the company's stock.

Institutional Investors Weigh In On Travel + Leisure

Large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new stake in shares of Travel + Leisure in the fourth quarter worth about $25,000. Versant Capital Management Inc raised its holdings in Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after buying an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock valued at $33,000 after buying an additional 503 shares during the period. Natixis bought a new stake in shares of Travel + Leisure during the fourth quarter worth $37,000. Finally, UMB Bank n.a. lifted its position in Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock valued at $38,000 after acquiring an additional 204 shares in the last quarter. 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.