Travel + Leisure Co. (NYSE:TNL) Receives $55.67 Average PT from Analysts

Travel + Leisure Co. (NYSE:TNL - Get Free Report) has been given an average rating of "Moderate Buy" by the nine brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $55.67.

A number of equities research analysts have issued reports on TNL shares. Tigress Financial boosted their price target on Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price target on Travel + Leisure from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $53.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, July 19th. The Goldman Sachs Group boosted their price objective on Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. Finally, Barclays boosted their price objective on Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a research note on Thursday, October 24th.

Travel + Leisure Trading Up 0.6 %

NYSE:TNL traded up $0.30 during mid-day trading on Wednesday, reaching $53.72. The company's stock had a trading volume of 517,385 shares, compared to its average volume of 589,466. Travel + Leisure has a 12-month low of $35.41 and a 12-month high of $54.59. The firm's fifty day moving average price is $46.58 and its two-hundred day moving average price is $45.17. The stock has a market cap of $3.67 billion, a P/E ratio of 9.12, a PEG ratio of 0.77 and a beta of 1.61.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.08. The business had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.54 EPS. Analysts predict that Travel + Leisure will post 5.77 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.50 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.00 annualized dividend and a yield of 3.72%. Travel + Leisure's payout ratio is 33.96%.

Insiders Place Their Bets

In other news, insider Geoffrey Richards sold 5,009 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total transaction of $261,269.44. Following the sale, the insider now directly owns 125,209 shares of the company's stock, valued at $6,530,901.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Geoffrey Richards sold 5,009 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total transaction of $261,269.44. Following the sale, the insider now directly owns 125,209 shares of the company's stock, valued at $6,530,901.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Herrera sold 2,193 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the sale, the director now directly owns 6,352 shares in the company, valued at $269,832.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 90,448 shares of company stock worth $4,294,241 in the last three months. 4.02% of the stock is owned by company insiders.

Institutional Trading of Travel + Leisure

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Copeland Capital Management LLC grew its position in Travel + Leisure by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 1,553,470 shares of the company's stock valued at $71,584,000 after acquiring an additional 13,870 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Travel + Leisure by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company's stock valued at $63,547,000 after acquiring an additional 57,587 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Travel + Leisure by 21.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company's stock valued at $36,540,000 after acquiring an additional 138,153 shares during the last quarter. LSV Asset Management grew its position in Travel + Leisure by 23.1% in the 2nd quarter. LSV Asset Management now owns 725,381 shares of the company's stock valued at $32,628,000 after acquiring an additional 136,281 shares during the last quarter. Finally, Swedbank AB bought a new position in Travel + Leisure in the 1st quarter valued at $33,598,000. Hedge funds and other institutional investors own 87.54% of the company's stock.

Travel + Leisure Company Profile

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.