Travel + Leisure (NYSE:TNL) Earns Overweight Rating from Analysts at Morgan Stanley

Morgan Stanley assumed coverage on shares of Travel + Leisure (NYSE:TNL) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $67.00 price target on the stock.

TNL has been the subject of a number of other research reports. Tigress Financial upped their price objective on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Truist Financial increased their price target on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Stifel Nicolaus increased their price target on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group increased their price target on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Barclays increased 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.50.

Travel + Leisure Stock Up 0.3 %

Shares of NYSE:TNL opened at $50.99 on Monday. Travel + Leisure has a twelve month low of $37.99 and a twelve month high of $56.91. The stock’s 50 day moving average is $52.61 and its 200-day moving average is $47.51. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.77 and a beta of 1.64.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. The business had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. Travel + Leisure’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.54 EPS. Equities research analysts anticipate that Travel + Leisure will post 5.75 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.50 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.92%. Travel + Leisure’s dividend payout ratio is currently 33.96%.

Insider Transactions at Travel + Leisure

In related news, insider Geoffrey Richards sold 4,607 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $54.25, for a total transaction of $249,929.75. Following the sale, the insider now directly owns 120,602 shares in the company, valued at $6,542,658.50. The trade was a 3.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $47.55, for a total value of $3,804,000.00. Following the sale, the director now owns 362,947 shares in the company, valued at $17,258,129.85. This represents a 18.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,016 shares of company stock worth $4,846,863. 4.02% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Travel + Leisure

Several hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake 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 last quarter. Larson Financial Group LLC purchased a new position in Travel + Leisure during the second quarter valued at $36,000. Acadian Asset Management LLC raised its stake in Travel + Leisure by 318.4% during the second quarter. Acadian Asset Management LLC now owns 405,252 shares of the company’s stock valued at $18,217,000 after buying an additional 308,391 shares during the last quarter. LSV Asset Management raised its stake in Travel + Leisure by 23.1% during the second quarter. LSV Asset Management now owns 725,381 shares of the company’s stock valued at $32,628,000 after buying an additional 136,281 shares during the last quarter. Finally, Quest Partners LLC raised its stake in Travel + Leisure by 1,474.2% during the second quarter. Quest Partners LLC now owns 22,181 shares of the company’s stock valued at $998,000 after buying an additional 20,772 shares during the last quarter. 87.54% of the stock is currently owned by 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.