Travel + Leisure (NYSE:TNL – Get Rating) had its price target decreased by Truist Financial from $78.00 to $72.00 in a report published on Friday, The Fly reports. Truist Financial currently has a buy rating on the stock.
Several other research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Travel + Leisure from $76.00 to $69.00 and set a buy rating for the company in a report on Monday, August 1st. Stifel Nicolaus decreased their price objective on shares of Travel + Leisure from $76.00 to $61.00 in a report on Thursday, July 28th. Barclays began coverage on shares of Travel + Leisure in a report on Tuesday, June 28th. They issued an equal weight rating for the company. Finally, Jefferies Financial Group upgraded shares of Travel + Leisure from a hold rating to a buy rating and raised their target price for the stock from $62.00 to $79.00 in a report on Friday, April 29th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Travel + Leisure has a consensus rating of Moderate Buy and a consensus target price of $71.40.
Get Travel + Leisure alerts:Travel + Leisure Trading Down 0.4 %
Shares of NYSE:TNL opened at $47.22 on Friday. The firm's 50 day moving average is $42.84 and its two-hundred day moving average is $50.21. Travel + Leisure has a 52 week low of $37.67 and a 52 week high of $63.19. The firm has a market capitalization of $3.96 billion, a P/E ratio of 11.46 and a beta of 1.71.
Travel + Leisure (NYSE:TNL – Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.20 by $0.07. Travel + Leisure had a net margin of 10.44% and a negative return on equity of 45.70%. The company had revenue of $922.00 million for the quarter, compared to analyst estimates of $917.86 million. During the same quarter last year, the business earned $0.88 earnings per share. Travel + Leisure's revenue was up 15.7% compared to the same quarter last year. Analysts predict that Travel + Leisure will post 4.56 EPS for the current year.Travel + Leisure Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Wednesday, September 14th. Travel + Leisure's payout ratio is 38.84%.
Insider Buying and Selling
In related news, insider Olivier Chavy sold 4,195 shares of the firm's stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $42.65, for a total value of $178,916.75. Following the completion of the transaction, the insider now owns 127,236 shares of the company's stock, valued at approximately $5,426,615.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Travel + Leisure news, insider Olivier Chavy sold 4,195 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $42.65, for a total value of $178,916.75. Following the completion of the sale, the insider now owns 127,236 shares in the company, valued at approximately $5,426,615.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director George Herrera sold 2,135 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $45.72, for a total transaction of $97,612.20. Following the completion of the sale, the director now owns 39,852 shares of the company's stock, valued at approximately $1,822,033.44. The disclosure for this sale can be found here. Company insiders own 2.07% of the company's stock.
Institutional Investors Weigh In On Travel + Leisure
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TNL. Truist Financial Corp raised its holdings in shares of Travel + Leisure by 5.4% during the 1st quarter. Truist Financial Corp now owns 46,630 shares of the company's stock valued at $2,702,000 after purchasing an additional 2,386 shares in the last quarter. Personal CFO Solutions LLC bought a new position in Travel + Leisure in the 1st quarter worth $222,000. HighTower Advisors LLC raised its holdings in Travel + Leisure by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 27,850 shares of the company's stock worth $1,538,000 after acquiring an additional 309 shares during the period. Gladius Capital Management LP bought a new position in Travel + Leisure in the 4th quarter worth $174,000. Finally, Mutual of America Capital Management LLC raised its holdings in Travel + Leisure by 1.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 77,188 shares of the company's stock worth $4,266,000 after acquiring an additional 1,109 shares during the period. Hedge funds and other institutional investors own 87.70% of the company's stock.
About Travel + Leisure
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Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.
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