Travel + Leisure (NYSE:TNL) Given New $41.00 Price Target at Barclays

Travel + Leisure (NYSE:TNL) had its price objective hoisted by Barclays from $40.00 to $41.00 in a report released on Thursday morning, Benzinga reports. The firm currently has an underweight rating on the stock.

TNL has been the subject of a number of other research reports. Tigress Financial increased their price objective on Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, July 29th. The Goldman Sachs Group initiated coverage on Travel + Leisure in a research note on Wednesday, September 18th. They issued a “neutral” rating and a $44.00 price objective on the stock. Truist Financial cut their price target on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. lifted their price target on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.00.

Travel + Leisure Stock Up 0.7 %

NYSE TNL opened at $47.61 on Thursday. The stock has a market cap of $3.32 billion, a PE ratio of 7.95, a P/E/G ratio of 0.62 and a beta of 1.62. Travel + Leisure has a fifty-two week low of $32.10 and a fifty-two week high of $49.91. The business has a 50 day moving average price of $44.57 and a two-hundred day moving average price of $44.62.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.49 by $0.08. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The business had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business posted $1.54 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. Sell-side analysts anticipate that Travel + Leisure will post 5.67 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend was Friday, September 13th. Travel + Leisure’s dividend payout ratio is currently 33.39%.

Insider Buying and Selling at Travel + Leisure

In other news, Director George Herrera sold 2,193 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the sale, the director now directly owns 6,352 shares in the company, valued at $269,832.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director George Herrera sold 2,193 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the sale, the director now owns 6,352 shares in the company, valued at $269,832.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Amandine Robin-Caplan sold 3,246 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the sale, the insider now directly owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.02% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

A number of institutional investors and hedge funds have recently made changes to their positions in TNL. State of Michigan Retirement System boosted its stake in shares of Travel + Leisure by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 17,807 shares of the company’s stock valued at $872,000 after purchasing an additional 400 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Travel + Leisure by 2.5% in the second quarter. QRG Capital Management Inc. now owns 18,005 shares of the company’s stock worth $810,000 after purchasing an additional 432 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Travel + Leisure by 1.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,068 shares of the company’s stock worth $1,668,000 after buying an additional 445 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after acquiring an additional 526 shares in the last quarter. Finally, Versant Capital Management Inc bought a new stake in Travel + Leisure during the 2nd quarter valued at about $27,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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.