Travel + Leisure (NYSE:TNL) Now Covered by Analysts at Morgan Stanley

Morgan Stanley started coverage on shares of Travel + Leisure (NYSE:TNL - Free Report) in a research report released on Monday, Marketbeat Ratings reports. The firm issued an overweight rating and a $67.00 target price on the stock.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus boosted their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Truist Financial upped their target price on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Barclays raised their price target on Travel + Leisure from $41.00 to $48.00 and gave the stock an "underweight" rating in a research report on Friday, December 13th. Tigress Financial lifted their price objective on Travel + Leisure from $58.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their target price on Travel + Leisure from $56.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $59.50.

Travel + Leisure Stock Performance

TNL traded up $1.33 during mid-day trading on Monday, reaching $51.18. The stock had a trading volume of 579,087 shares, compared to its average volume of 528,696. The stock has a market capitalization of $3.50 billion, a P/E ratio of 8.69, a P/E/G ratio of 0.77 and a beta of 1.64. Travel + Leisure has a 52 week low of $37.99 and a 52 week high of $56.91. The firm's fifty day simple moving average is $52.54 and its two-hundred day simple moving average is $47.44.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.08. The business had revenue of $993.00 million for 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%. The firm's quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business earned $1.54 earnings per share. As a group, analysts expect that Travel + Leisure will post 5.75 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend was Friday, December 13th. Travel + Leisure's dividend payout ratio is currently 33.96%.

Insider Activity at Travel + Leisure

In other news, insider Geoffrey Richards sold 4,607 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $54.25, for a total value of $249,929.75. Following the sale, the insider now directly owns 120,602 shares in the company, valued at $6,542,658.50. The trade was a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the transaction, the director now owns 362,947 shares of the company's stock, valued at approximately $17,258,129.85. The trade was a 18.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 99,016 shares of company stock worth $4,846,863. 4.02% of the stock is owned by company insiders.

Hedge Funds Weigh In On Travel + Leisure

Large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock worth $28,000 after purchasing an additional 607 shares during the last quarter. Larson Financial Group LLC acquired a new position in shares of Travel + Leisure during the 2nd quarter worth about $36,000. Acadian Asset Management LLC grew its holdings in shares of Travel + Leisure by 318.4% in the 2nd quarter. Acadian Asset Management LLC now owns 405,252 shares of the company's stock valued at $18,217,000 after acquiring an additional 308,391 shares in the last quarter. LSV Asset Management increased its position in shares of Travel + Leisure by 23.1% in the second 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, Quest Partners LLC raised its holdings in Travel + Leisure by 1,474.2% during the second quarter. Quest Partners LLC now owns 22,181 shares of the company's stock worth $998,000 after acquiring an additional 20,772 shares in the last quarter. Institutional investors and hedge funds 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.