Travel + Leisure Co. (NYSE:TNL – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $76.60.
A number of research analysts recently weighed in on the stock. Barclays assumed coverage on shares of Travel + Leisure in a research note on Tuesday, June 28th. They issued an “equal weight” rating on the stock. Jefferies Financial Group raised shares of Travel + Leisure from a “hold” rating to a “buy” rating and raised their price target for the company from $62.00 to $79.00 in a research note on Friday, April 29th.
Insiders Place Their Bets
In other Travel + Leisure news, insider James J. Savina sold 5,500 shares of the firm’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $57.19, for a total value of $314,545.00. Following the transaction, the insider now directly owns 13,659 shares of the company’s stock, valued at approximately $781,158.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.07% of the company’s stock.
Institutional Trading of Travel + Leisure
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Eaton Vance Management increased its holdings in Travel + Leisure by 0.6% in the 4th quarter. Eaton Vance Management now owns 35,430 shares of the company’s stock valued at $1,658,000 after purchasing an additional 208 shares during the last quarter. Capital Analysts LLC increased its holdings in Travel + Leisure by 80.2% in the 4th quarter. Capital Analysts LLC now owns 472 shares of the company’s stock valued at $26,000 after purchasing an additional 210 shares during the last quarter. Cetera Advisor Networks LLC increased its holdings in Travel + Leisure by 3.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 6,652 shares of the company’s stock valued at $385,000 after purchasing an additional 235 shares during the last quarter. Advisor Partners LLC increased its holdings in Travel + Leisure by 4.5% in the 4th quarter. Advisor Partners LLC now owns 5,808 shares of the company’s stock valued at $322,000 after purchasing an additional 248 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in Travel + Leisure by 3.8% in the 1st quarter. Prudential Financial Inc. now owns 7,157 shares of the company’s stock valued at $414,000 after purchasing an additional 259 shares during the last quarter. Institutional investors and hedge funds own 87.70% of the company’s stock.
Travel + Leisure Stock Down 0.7 %
TNL stock opened at $43.84 on Friday. The company’s 50-day simple moving average is $44.50 and its 200-day simple moving average is $51.51. Travel + Leisure has a 52-week low of $37.67 and a 52-week high of $63.19. The firm has a market cap of $3.74 billion, a P/E ratio of 11.60 and a beta of 1.73.
Travel + Leisure (NYSE:TNL – Get Rating) last posted its earnings results on Thursday, April 28th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.04). Travel + Leisure had a negative return on equity of 40.92% and a net margin of 9.98%. The firm had revenue of $809.00 million for the quarter, compared to analysts’ expectations of $772.11 million. During the same period in the previous year, the company earned $0.39 earnings per share. The company’s revenue was up 28.8% compared to the same quarter last year. On average, analysts anticipate that Travel + Leisure will post 4.54 earnings per share for the current fiscal year.
Travel + Leisure Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Tuesday, June 14th. Travel + Leisure’s dividend payout ratio (DPR) is 42.33%.
About Travel + Leisure
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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