Travel + Leisure Co. (NYSE:TNL) Given Consensus Rating of "Moderate Buy" by Brokerages

Travel + Leisure Co. (NYSE:TNL - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $63.70.

Several research firms have recently commented on TNL. JPMorgan Chase & Co. upped their target price on Travel + Leisure from $56.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. Mizuho reaffirmed a "neutral" rating and issued a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Truist Financial increased their price objective on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Stifel Nicolaus boosted their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and raised their price target for the stock from $40.00 to $60.00 in a research report on Monday, January 27th.

Travel + Leisure Stock Performance

TNL traded up $1.36 during trading hours on Tuesday, reaching $47.99. The company's stock had a trading volume of 196,868 shares, compared to its average volume of 577,495. The company's 50-day moving average is $53.56 and its 200-day moving average is $50.72. Travel + Leisure has a 52 week low of $39.91 and a 52 week high of $58.95. The firm has a market cap of $3.20 billion, a PE ratio of 8.21, 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 posted its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company had revenue of $971.00 million during the quarter, compared to analysts' expectations of $958.87 million. During the same quarter last year, the company posted $1.98 EPS. Travel + Leisure's quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts anticipate that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 4.67%. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date is Monday, March 17th. Travel + Leisure's dividend payout ratio is presently 38.36%.

Insider Buying and Selling at Travel + Leisure

In other news, insider Michael Dean Brown purchased 2,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $46.66 per share, with a total value of $93,320.00. Following the acquisition, the insider now owns 408,706 shares in the company, valued at approximately $19,070,221.96. The trade was a 0.49 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.02% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new position in shares of Travel + Leisure in the 4th quarter valued at $25,000. Versant Capital Management Inc raised its stake in Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after acquiring an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted 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 worth $33,000 after acquiring an additional 503 shares during the last quarter. Natixis bought a new stake in shares of Travel + Leisure during the 4th quarter valued at approximately $37,000. Finally, UMB Bank n.a. lifted its stake 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 purchasing an additional 204 shares during 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.