Travel + Leisure Co. (NYSE:TNL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Travel + Leisure Co. (NYSE:TNL) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $63.70.

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. raised their target price on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, December 13th. The Goldman Sachs Group lifted their target price on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and increased their price target for the company from $40.00 to $60.00 in a research report on Monday, January 27th. Finally, Mizuho reaffirmed a “neutral” rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th.

Travel + Leisure Stock Up 0.1 %

NYSE TNL opened at $48.02 on Tuesday. Travel + Leisure has a 52 week low of $39.91 and a 52 week high of $58.95. The business has a 50 day moving average price of $53.64 and a 200-day moving average price of $50.70. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 0.67 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last announced 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. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. During the same quarter in the previous year, the business posted $1.98 EPS. Travel + Leisure’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Travel + Leisure will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.24 annualized dividend and a yield of 4.67%. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio is presently 38.36%.

Insiders Place Their Bets

In related news, insider Michael Dean Brown purchased 2,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the purchase, the insider now directly owns 408,706 shares in the company, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.02% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Several institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. lifted its position in shares of Travel + Leisure by 4.8% during the 4th quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock valued at $178,822,000 after buying an additional 163,804 shares during the last quarter. Copeland Capital Management LLC raised its stake in Travel + Leisure by 0.8% in the 4th quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company’s stock valued at $78,984,000 after acquiring an additional 12,111 shares during the period. AQR Capital Management LLC lifted its holdings in Travel + Leisure by 4.3% during the fourth quarter. AQR Capital Management LLC now owns 1,424,035 shares of the company’s stock valued at $71,358,000 after purchasing an additional 58,944 shares during the last quarter. Northern Trust Corp boosted its position in Travel + Leisure by 9.6% during the fourth quarter. Northern Trust Corp now owns 1,036,703 shares of the company’s stock worth $52,302,000 after purchasing an additional 90,553 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Travel + Leisure by 15.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company’s stock valued at $46,169,000 after purchasing an additional 122,173 shares during the period. 87.54% of the stock is owned by institutional investors.

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.