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

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

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

Travel + Leisure Stock Performance

NYSE:TNL opened at $47.51 on Thursday. The stock has a fifty day moving average price of $44.66 and a two-hundred day moving average price of $44.61. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 0.62 and a beta of 1.62. Travel + Leisure has a 1 year low of $32.26 and a 1 year high of $49.91.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.08. The firm had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. Travel + Leisure’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.54 earnings per share. On average, analysts predict that Travel + Leisure will post 5.67 EPS for the current year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Friday, September 13th. Travel + Leisure’s payout ratio is currently 36.83%.

Insider Activity at Travel + Leisure

In related news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the sale, the director now owns 362,947 shares of the company’s stock, valued at $17,258,129.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Travel + Leisure 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 sale, the director now directly owns 6,352 shares of the company’s stock, valued at approximately $269,832.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the completion of the sale, the director now directly owns 362,947 shares in the company, valued at approximately $17,258,129.85. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,439 shares of company stock valued at $4,032,971 over the last quarter. Insiders own 4.02% of the company’s stock.

Institutional Trading of Travel + Leisure

Hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its stake in Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after buying an additional 526 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Travel + Leisure in the 2nd quarter worth about $27,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Travel + Leisure by 2,759.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after purchasing an additional 607 shares in the last quarter. Family Firm Inc. acquired a new position in shares of Travel + Leisure in the 2nd quarter valued at about $31,000. Finally, Larson Financial Group LLC acquired a new position in shares of Travel + Leisure in the 2nd quarter valued at about $36,000. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Company Profile

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.