Travel + Leisure (NYSE:TNL) Receives New Coverage from Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Travel + Leisure (NYSE:TNL) in a report released on Wednesday, MarketBeat reports. The firm issued a neutral rating and a $44.00 price target on the stock.

TNL has been the subject of several other research reports. Tigress Financial raised their target price on Travel + Leisure from $54.00 to $58.00 and gave the stock a buy rating in a research note on Monday, July 29th. Truist Financial decreased their target price on Travel + Leisure from $65.00 to $60.00 and set a buy rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. raised their target price on Travel + Leisure from $53.00 to $63.00 and gave the stock an overweight rating in a research note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Travel + Leisure from $65.00 to $62.00 and set a buy rating for the company in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $55.22.

Travel + Leisure Price Performance

Shares of TNL opened at $44.50 on Wednesday. Travel + Leisure has a 1 year low of $32.10 and a 1 year high of $49.91. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 0.57 and a beta of 1.62. The business has a 50-day moving average of $43.95 and a 200-day moving average of $44.70.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The company had revenue of $985.00 million during the quarter, compared to the consensus estimate of $987.20 million. During the same period last year, the company earned $1.33 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Travel + Leisure will post 5.67 EPS for the current year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.49%. Travel + Leisure’s dividend payout ratio is presently 36.83%.

Insider Activity

In other news, Director George Herrera sold 2,193 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now owns 6,352 shares in the company, valued at $269,832.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the sale, the insider now directly owns 24,491 shares in the company, valued at $1,024,703.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction on 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 owns 6,352 shares in the company, valued at $269,832.96. The disclosure for this sale can be found here. Corporate insiders own 4.02% of the company’s stock.

Institutional Trading of Travel + Leisure

A number of hedge funds have recently bought and sold shares of TNL. Versant Capital Management Inc bought a new stake in shares of Travel + Leisure in the second quarter valued at $27,000. Allspring Global Investments Holdings LLC raised its stake in shares of Travel + Leisure by 2,759.1% in 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. Family Firm Inc. bought a new stake in shares of Travel + Leisure in the second quarter valued at $31,000. Larson Financial Group LLC bought a new stake in shares of Travel + Leisure in the second quarter valued at $36,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Travel + Leisure in the second quarter valued at $38,000. 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.