Travel + Leisure Co. (NYSE:TNL) Given Average Recommendation of “Hold” by Brokerages

Posted by on Jun 6th, 2023

Travel + Leisure Co. (NYSE:TNL – Get Rating) has received a consensus rating of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $50.43.

Several equities analysts have commented on TNL shares. Deutsche Bank Aktiengesellschaft cut their price objective on Travel + Leisure from $69.00 to $62.00 in a research report on Thursday, April 27th. Credit Suisse Group upped their price objective on Travel + Leisure from $31.00 to $36.00 and gave the company an “underperform” rating in a research report on Thursday, February 23rd. Finally, Bank of America initiated coverage on Travel + Leisure in a report on Monday, April 17th. They issued an “underperform” rating and a $42.00 target price for the company.

Insider Buying and Selling

In related news, Director George Herrera sold 2,069 shares of the company’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $37.53, for a total transaction of $77,649.57. Following the completion of the sale, the director now directly owns 5,838 shares in the company, valued at approximately $219,100.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director George Herrera sold 2,069 shares of the company’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $37.53, for a total transaction of $77,649.57. Following the completion of the sale, the director now directly owns 5,838 shares in the company, valued at approximately $219,100.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Olivier Chavy sold 7,900 shares of the company’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $38.02, for a total value of $300,358.00. Following the transaction, the insider now directly owns 4,511 shares in the company, valued at $171,508.22. The disclosure for this sale can be found here. Insiders sold 12,619 shares of company stock worth $477,409 in the last three months. 2.84% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Cetera Advisor Networks LLC increased its position in Travel + Leisure by 3.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 6,652 shares of the company’s stock valued at $385,000 after buying an additional 235 shares in the last quarter. LPL Financial LLC raised its stake in shares of Travel + Leisure by 0.7% in the second quarter. LPL Financial LLC now owns 34,634 shares of the company’s stock worth $1,344,000 after purchasing an additional 236 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Travel + Leisure by 2.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,728 shares of the company’s stock worth $460,000 after purchasing an additional 257 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Travel + Leisure by 3.8% in the first quarter. Prudential Financial Inc. now owns 7,157 shares of the company’s stock worth $414,000 after purchasing an additional 259 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Travel + Leisure by 2.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 10,944 shares of the company’s stock worth $398,000 after purchasing an additional 260 shares during the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance

NYSE TNL opened at $39.45 on Tuesday. The business’s 50 day moving average price is $37.73 and its 200-day moving average price is $38.80. The company has a market cap of $3.01 billion, a P/E ratio of 8.83, a P/E/G ratio of 0.34 and a beta of 1.67. Travel + Leisure has a fifty-two week low of $33.57 and a fifty-two week high of $52.46.

Travel + Leisure (NYSE:TNL – Get Rating) last announced its quarterly earnings data on Wednesday, April 26th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.79 by $0.10. The company had revenue of $879.00 million for the quarter, compared to the consensus estimate of $840.65 million. Travel + Leisure had a negative return on equity of 43.00% and a net margin of 10.17%. Travel + Leisure’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 EPS. As a group, equities analysts predict that Travel + Leisure will post 5.53 EPS for the current year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Wednesday, June 14th. Travel + Leisure’s dividend payout ratio (DPR) is currently 40.27%.

About Travel + Leisure

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Travel + Leisure Co is a membership and leisure travel company, with a portfolio of nearly 20 resort, travel club, and lifestyle travel brands. It operates through Vacation Ownership and Travel and Membership segments. The Vacation Ownership segment is involved in developing, marketing, and selling vacation ownership interests to individual consumers, providing consumer financing in connection with the sale of vacation ownership interests, and providing property management services at resorts.

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Analyst Recommendations for Travel + Leisure (NYSE:TNL)

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