Travel + Leisure (NYSE:TNL) Now Covered by Analysts at Morgan Stanley

Morgan Stanley began coverage on shares of Travel + Leisure (NYSE:TNL) in a report released on Monday morning, MarketBeat Ratings reports. The firm issued an overweight rating and a $67.00 target price on the stock.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. The Goldman Sachs Group raised their target price on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Barclays upped their price target on Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. Stifel Nicolaus raised their price objective on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Tigress Financial boosted their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Travel + Leisure currently has a consensus rating of “Moderate Buy” and an average price target of $59.50.

Travel + Leisure Stock Performance

TNL opened at $51.18 on Monday. The stock’s 50 day moving average price is $52.54 and its 200-day moving average price is $47.44. Travel + Leisure has a 52-week low of $37.99 and a 52-week high of $56.91. The stock has a market capitalization of $3.50 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 0.77 and a beta of 1.64.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. 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 prior year, the business earned $1.54 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Research analysts forecast that Travel + Leisure will post 5.75 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Friday, December 13th. Travel + Leisure’s payout ratio is 33.96%.

Insider Activity at Travel + Leisure

In other news, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction on 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 transaction, the director now owns 362,947 shares in the company, valued at $17,258,129.85. The trade was a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Geoffrey Richards sold 4,607 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total value of $249,929.75. Following the sale, the insider now directly owns 120,602 shares in the company, valued at $6,542,658.50. This trade represents a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,016 shares of company stock valued at $4,846,863. 4.02% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TNL. UMB Bank n.a. grew its holdings in shares of Travel + Leisure by 1,948.1% in the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after acquiring an additional 526 shares during the period. Allspring Global Investments Holdings LLC grew its position in Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after buying an additional 607 shares during the period. Versant Capital Management Inc increased its holdings in Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after buying an additional 210 shares during the last quarter. Larson Financial Group LLC bought a new position in Travel + Leisure in the second quarter worth approximately $36,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Travel + Leisure during the 2nd quarter worth $38,000. 87.54% of the stock is 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.