Shares of Travel + Leisure Co. (NYSE: TNL – Get Free Report) have earned a “Moderate Buy” consensus recommendation from the six analysts covering the company, reports Marketbeat.com. Two investment analysts rated the shares with a hold recommendation and four gave a buy recommendation to the company. The average 12-month price target among analysts who have covered the stock in the last year is $54.83.
TNL has been the subject of several recent analyst reports. JMP Securities initiated coverage on Travel + Leisure in a research report on Tuesday, February 13th. They set an “outperform” rating and a $50 price objective for the company. Truist Financial raised their price target on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Barclays increased their price objective on shares of Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25 . Finally, Mizuho initiated coverage on shares of Travel + Leisure in a research note on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price target on the stock.
See our latest travel + leisure stock report
Privileged activity in travel + leisure
In other news, insider James J. Savina sold 15,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of US$45.18, for a total value of US$677,700.00. Following the completion of the sale, the insider now owns 15,860 shares of the company’s stock, valued at $716,554.80. The sale was disclosed in a legal document with the SEC, which is available at this link. In related news, insider James J. Savina sold 15,000 shares of Travel + Leisure stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of US$45.18, totaling a transaction of US$677,700.00. Following the completion of the transaction, the insider now owns 15,860 shares of the company’s stock, valued at $716,554.80. The sale was disclosed in a legal document with the Securities & Exchange Commission, which is available at this link. Also, insider Kimberly Marshall sold 4,953 shares of the company’s stock in a transaction on Sunday, March 10th. The shares were sold at an average price of $45.24, for a total transaction of $224,073.72. Following the sale, the insider now directly owns 54,657 shares of the company’s stock, valued at approximately $2,472,682.68. Disclosure of this sale can be found here. Insiders have sold 28,922 shares of the company’s stock worth $1,318,358 in the last three months. Company insiders own 4.02% of the company’s shares.
Hedge funds weigh in on travel and leisure
Several institutional investors and hedge funds have recently modified their holdings in TNL. Vanguard Group Inc. increased its holdings in shares of Travel + Leisure by 4.6% during the fourth quarter. now owns 10,722,330 shares of the company’s stock valued at $419,136,000 after purchasing an additional 466,640 shares during the period. AQR Capital Management LLC increased its holdings in Travel + Leisure by 34.7% in the third quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company’s stock valued at $63,830,000 after purchasing an additional 447,938 shares during the period. Norges Bank purchased a new stake in shares of Travel + Leisure during the fourth quarter valued at approximately $34,967,000. Swedbank AB acquired a new position in shares of Travel + Leisure during the first quarter worth approximately $33,598,000. Lastly, LSV Asset Management increased its holding in shares of Travel + Leisure by 6.4% in the 1st quarter. LSV Asset Management now owns 589,100 shares of the company’s stock worth $28,842,000 after purchasing an additional 35,591 shares in the last quarter. 87.54% of the shares are currently owned by institutional investors.
Travel + leisure stock fell 1.3%
Travel + Leisure shares opened at $45.06 on Wednesday. Travel + Leisure has a 12-month minimum of $32.10 and a 12-month maximum of $49.02. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 2.53, and a beta of 1.63. The company’s 50-day moving average price is $45.82 and its two-hundred day moving average price is $42.02.
Travel + Leisure (NYSE:TNL – Get Free Report) last published its quarterly results on Wednesday, April 24th. The company reported earnings per share (EPS) of $0.97 for the quarter, beating the consensus estimate of $0.85 by $0.12. Travel + Leisure presented a net margin of 10.54% and a negative return on equity of 44.34%. The business had revenue of $916.00 million for the quarter, compared to analyst estimates of $904.54 million. During the same quarter last year, the business reported earnings per share of $0.89. The company’s revenue for the quarter increased 4.2% compared to the previous year. On average, sell-side analysts expect Travel + Leisure to post 5.52 earnings per share for the current year.
Travel + Leisure Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will receive a dividend of $0.50 per share. The ex-dividend date for this dividend is Friday, June 14th. This represents a dividend of $2.00 on an annualized basis and a dividend yield of 4.44%. Travel + Leisure’s dividend payout ratio (DPR) is currently 36.83%.
About Travel + Leisure
(Get free report
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 Associations. 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 resort property management services.
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