Travel + Leisure (NYSE:TNL) Lowered to Underweight at Barclays

Barclays lowered shares of Travel + Leisure (NYSE:TNL) from an equal weight rating to an underweight rating in a report issued on Thursday, MarketBeat.com reports. The brokerage currently has $40.00 price target on the stock, down from their prior price target of $46.00.

Several other research firms also recently weighed in on TNL. JPMorgan Chase & Co. upped their price target on Travel + Leisure from $53.00 to $63.00 and gave the stock an overweight rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft reduced their price target on Travel + Leisure from $65.00 to $62.00 and set a buy rating for the company in a report on Thursday, July 25th. Tigress Financial upped their price target on shares of Travel + Leisure from $54.00 to $58.00 and gave the stock a buy rating in a research note on Monday, July 29th. The Goldman Sachs Group initiated coverage on shares of Travel + Leisure in a research note on Wednesday, September 18th. They set a neutral rating and a $44.00 price objective for the company. Finally, Truist Financial dropped their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a buy rating on the stock in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Travel + Leisure presently has an average rating of Moderate Buy and an average price target of $54.33.

Travel + Leisure Trading Up 1.4 %

Shares of TNL stock opened at $46.59 on Thursday. The company’s fifty day moving average price is $43.67 and its 200-day moving average price is $44.72. The stock has a market cap of $3.25 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 0.63 and a beta of 1.62. Travel + Leisure has a 12 month low of $32.10 and a 12 month high of $49.91.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The business had revenue of $985.00 million for the quarter, compared to analyst estimates of $987.20 million. During the same quarter in the previous year, the firm posted $1.33 earnings per share. Travel + Leisure’s quarterly revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts forecast that Travel + Leisure will post 5.67 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Friday, September 13th. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.

Insider Activity

In related news, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction 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 completion of the sale, the director now owns 6,352 shares of the company’s stock, valued at $269,832.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Travel + Leisure news, Director George Herrera sold 2,193 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now directly owns 6,352 shares of the company’s stock, valued at $269,832.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the sale, the insider now directly owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. The disclosure for this sale can be found here. Insiders own 4.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TNL. Versant Capital Management Inc purchased a new stake in shares of Travel + Leisure in the 2nd quarter worth $27,000. Allspring Global Investments Holdings LLC grew 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 valued at $28,000 after purchasing an additional 607 shares during the period. Family Firm Inc. bought a new stake in Travel + Leisure during the second quarter valued at about $31,000. Larson Financial Group LLC bought a new position in shares of Travel + Leisure in the second quarter worth about $36,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Travel + Leisure in the second quarter worth about $38,000. Hedge funds and other 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.