Tigress Financial Boosts Travel + Leisure (NYSE:TNL) Price Target to $64.00

Travel + Leisure (NYSE:TNL) had its price objective hoisted by Tigress Financial from $58.00 to $64.00 in a research report report published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on TNL. JPMorgan Chase & Co. boosted their price objective on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Barclays increased their price target on Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price objective on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, July 25th. The Goldman Sachs Group raised their target price on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, Truist Financial reduced their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.67.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock opened at $49.11 on Friday. The company has a 50-day simple moving average of $45.20 and a two-hundred day simple moving average of $44.76. The stock has a market capitalization of $3.36 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 0.69 and a beta of 1.61. Travel + Leisure has a 52-week low of $34.12 and a 52-week 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, beating the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm posted $1.54 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. As a group, equities research analysts forecast that Travel + Leisure will post 5.77 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.50 per share. The ex-dividend date was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 4.07%. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

Insider Activity

In related news, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 362,947 shares of the company’s stock, valued at approximately $17,258,129.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director George Herrera sold 2,193 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the transaction, the director now owns 6,352 shares in the company, valued at approximately $269,832.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the transaction, the director now directly owns 362,947 shares in the company, valued at $17,258,129.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,439 shares of company stock valued at $4,032,971. 4.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its stake in Travel + Leisure by 1.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,068 shares of the company’s stock valued at $1,668,000 after purchasing an additional 445 shares during the last quarter. State of Michigan Retirement System boosted its position in Travel + Leisure by 2.3% in the first quarter. State of Michigan Retirement System now owns 17,807 shares of the company’s stock valued at $872,000 after buying an additional 400 shares during the last quarter. Private Advisor Group LLC increased its holdings in Travel + Leisure by 11.1% in the 1st quarter. Private Advisor Group LLC now owns 11,894 shares of the company’s stock worth $582,000 after buying an additional 1,184 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Travel + Leisure by 20.2% in the first quarter. Janney Montgomery Scott LLC now owns 40,570 shares of the company’s stock worth $1,986,000 after acquiring an additional 6,807 shares during the period. Finally, Wright Investors Service Inc. raised its holdings in shares of Travel + Leisure by 39.4% during the first quarter. Wright Investors Service Inc. now owns 37,808 shares of the company’s stock worth $1,851,000 after purchasing an additional 10,689 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

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.