Marketbeat.com reports that Travel + Leisure Co. (NYSE:TNL – Get Free Report) stock received a consensus recommendation of “Moderate Buy” from 6 analysts covering the company. That's what he said. Two investment analysts have rated the stock with a hold recommendation and four have recommended a buy. Analysts who covered this stock last year had an average 12-month price target of $54.83.
TNL has been the subject of several recent analyst reports. JMP Securities began covering travel + leisure in its research report on Tuesday, February 13th. They gave the company an “outperform” rating and set a price target of $50.00. Trust Financial increased their target price 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 target price 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 25th. Finally, Mizuho began coverage on Travel & Leisure stock in a research note on Tuesday, March 26th. They gave the stock a “neutral” rating and set a price target of $55.00.
Check out the latest Stock Report on Travel + Leisure.
Travel + Leisure Insider Activities
In other news, insider James J. Savina sold 15,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total value of $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 his legal filing with the SEC, 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 $45.18, for a total transaction of $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 filing with the Securities and Exchange Commission, 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. Disclosures regarding this sale can be found here. Insiders sold 28,922 shares of company stock, valued at $1,318,358, over the past three months. Insiders own 4.02% of the company's stock.
Hedge funds impact travel and leisure
A number of institutional investors and hedge funds have recently made changes to their holdings in TNL. Vanguard Group raised its stake in Travel & Leisure Inc. by 4.6% in the 4th quarter. Vanguard Group Inc. 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 grew its stake in Travel + Leisure by 34.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company's stock worth $63.83 million after acquiring an additional 447,938 shares during the period. Norges Bank bought a new stake in shares of Travel + Leisure during the 4th quarter valued at approximately $34,967,000. Swedbank AB acquired a new position in shares of Travel + Leisure during the 1st quarter worth approximately $33,598,000. Finally, LSV Asset Management increased its holdings 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. Currently, 87.54% of the stock is held by institutional investors.
Travel + Leisure Stocks Down 1.3%
Shares of Travel & Leisure stock opened at $45.06 on Wednesday. Travel + Leisure has a 12-month low of $32.10 and a 12-month high of $49.02. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 8.30x, a PEG ratio of 2.53x, and a beta of 1.63x. The company's 50-day moving average price is $45.82 and its 200-day moving average price is $42.02.
Travel + Leisure (NYSE:TNL – Get a Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.12. The Travel + Leisure segment had a negative net margin of 10.54% and a negative return on equity of 44.34%. The business had revenue of $916 million for the quarter, compared to analyst estimates of $904.54 million. In the same period last year, the business' EPS was $0.89. The company's revenue for the quarter increased 4.2% year over year. Sell-side analysts, on average, expect Travel & Leisure to post earnings of $5.52 per share for the current year.
Travel + Leisure Dividend Notice
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is June 14th (Friday). This equates to a $2.00 dividend 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 your free report
Travel + Leisure Co, along with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments: Travel and Memberships. The Vacation Ownership segment develops, markets and sells vacation ownership interests (VOIs) to individual consumers, as well as providing consumer financing in connection with the sale of VOIs. Real estate management services at resorts.
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