The Goldman Sachs Group Boosts Travel + Leisure (NYSE:TNL) Price Target to $49.00

Travel + Leisure (NYSE:TNL) had its target price increased by The Goldman Sachs Group from $44.00 to $49.00 in a research note released on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued research reports about the stock. Tigress Financial raised their price objective on shares of Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Barclays lifted their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday. Truist Financial lowered their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target 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 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Travel + Leisure Stock Down 0.2 %

Shares of TNL stock opened at $47.51 on Thursday. The firm has a market capitalization of $3.39 billion, a PE ratio of 8.75, a P/E/G ratio of 0.62 and a beta of 1.62. The company has a 50 day moving average price of $44.66 and a 200-day moving average price of $44.61. Travel + Leisure has a 52 week low of $32.26 and a 52 week high of $49.91.

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

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Friday, September 13th. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.

Insider Transactions 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 shares were sold at an average price of $47.55, for a total value of $3,804,000.00. Following the transaction, the director now owns 362,947 shares of the company’s stock, valued at approximately $17,258,129.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Amandine Robin-Caplan sold 3,246 shares of the business’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 owns 24,491 shares in the company, valued at approximately $1,024,703.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $3,804,000.00. Following the completion of the sale, the director now owns 362,947 shares in the company, valued at $17,258,129.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,439 shares of company stock valued at $4,032,971. 4.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Travel + Leisure

Several large investors have recently bought and sold shares of TNL. Vanguard Group Inc. increased its position in Travel + Leisure by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock worth $419,136,000 after purchasing an additional 466,640 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Travel + Leisure by 1.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,068 shares of the company’s stock worth $1,668,000 after purchasing an additional 445 shares during the last quarter. Diversified Trust Co bought a new position in Travel + Leisure during the first quarter valued at $576,000. State of Michigan Retirement System raised its stake in shares of 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 acquiring an additional 400 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Travel + Leisure by 1.9% in the first quarter. Principal Financial Group Inc. now owns 368,324 shares of the company’s stock valued at $18,033,000 after acquiring an additional 6,968 shares during the period. Institutional investors own 87.54% of the company’s stock.

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.