Travel + Leisure (NYSE:TNL) Price Target Raised to $41.00

Travel + Leisure (NYSE:TNL) had its price target increased by Barclays from $40.00 to $41.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has an underweight rating on the stock.

TNL has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. JPMorgan Chase & Co. upped their target price on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Tigress Financial upped their target price 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. Truist Financial cut 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. Finally, The Goldman Sachs Group began coverage on shares of Travel + Leisure in a research note on Wednesday, September 18th. They set a “neutral” rating and a $44.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Travel + Leisure Price Performance

Shares of NYSE:TNL opened at $47.51 on Thursday. The firm has a market capitalization of $3.39 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 0.62 and a beta of 1.62. The firm’s 50-day moving average is $44.66 and its two-hundred day moving average is $44.61. Travel + Leisure has a 1 year low of $32.26 and a 1 year high of $49.91.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. The company had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.54 earnings per share. Analysts expect that Travel + Leisure will post 5.67 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Friday, September 13th. Travel + Leisure’s payout ratio is currently 36.83%.

Insider Activity

In other news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 362,947 shares of the company’s stock, valued at approximately $17,258,129.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director George Herrera sold 2,193 shares of the 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 completion of the sale, the director now directly owns 6,352 shares of the company’s stock, valued at approximately $269,832.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $47.55, for a total value of $3,804,000.00. Following the completion of the sale, the director now directly owns 362,947 shares of the company’s stock, valued at $17,258,129.85. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 85,439 shares of company stock valued at $4,032,971. 4.02% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Travel + Leisure

Large investors have recently modified their holdings of the stock. UMB Bank n.a. raised its stake in shares of Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 526 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of Travel + Leisure during the second quarter worth approximately $27,000. Allspring Global Investments Holdings LLC raised its stake in shares of 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. Family Firm Inc. purchased a new stake in shares of Travel + Leisure during the second quarter worth approximately $31,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Travel + Leisure during the second quarter worth approximately $36,000. 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.