Brokerages Set Travel + Leisure Co. (NYSE:TNL) PT at $63.70

Travel + Leisure Co. (NYSE:TNL) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $63.70.

A number of equities analysts have weighed in on TNL shares. Stifel Nicolaus upped their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group boosted their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Mizuho reissued a “neutral” rating and issued a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Barclays boosted their target price on shares of Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Finally, Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $40.00 to $60.00 in a report on Monday, January 27th.

Travel + Leisure Trading Down 1.0 %

Shares of NYSE TNL opened at $47.12 on Tuesday. The firm has a 50 day moving average of $53.37 and a 200 day moving average of $50.75. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. Travel + Leisure has a 12-month low of $39.91 and a 12-month high of $58.95.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. The business had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.98 earnings per share. Sell-side analysts predict that Travel + Leisure will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.56 per share. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a yield of 4.75%. Travel + Leisure’s payout ratio is 38.36%.

Insider Buying and Selling at Travel + Leisure

In related news, insider Michael Dean Brown purchased 2,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the acquisition, the insider now 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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director George Herrera sold 6,336 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the transaction, the director now owns 2,759 shares in the company, valued at approximately $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.02% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of Travel + Leisure by 80.4% during the third quarter. Barclays PLC now owns 225,326 shares of the company’s stock valued at $10,383,000 after buying an additional 100,440 shares during the last quarter. FMR LLC lifted its position in shares of Travel + Leisure by 28.5% during the third quarter. FMR LLC now owns 261,599 shares of the company’s stock valued at $12,054,000 after buying an additional 58,008 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of Travel + Leisure during the fourth quarter valued at about $1,288,000. Captrust Financial Advisors purchased a new stake in shares of Travel + Leisure during the third quarter valued at about $224,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Travel + Leisure during the third quarter valued at about $1,613,000. 87.54% of the stock is currently owned by institutional investors.

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.