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

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

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Stifel Nicolaus raised their price target on shares of 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 raised their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Barclays lifted their price objective on shares of Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research report on Friday, December 13th. Finally, Truist Financial lifted their price objective on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.50.

Travel + Leisure Stock Performance

Shares of TNL stock opened at $50.99 on Monday. The company has a market capitalization of $3.49 billion, a P/E ratio of 8.66, a price-to-earnings-growth ratio of 0.77 and a beta of 1.64. The company’s 50 day moving average price is $52.61 and its two-hundred day moving average price is $47.51. Travel + Leisure has a 52 week low of $37.99 and a 52 week high of $56.91.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.08. The company had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $1.54 EPS. Analysts forecast that Travel + Leisure will post 5.75 earnings per share for the current year.

Travel + Leisure Dividend Announcement

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

Insider Buying and Selling at Travel + Leisure

In other news, insider Geoffrey Richards sold 9,400 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.56, for a total transaction of $531,664.00. Following the sale, the insider now directly owns 111,202 shares in the company, valued at approximately $6,289,585.12. The trade was a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 362,947 shares in the company, valued at approximately $17,258,129.85. This trade represents a 18.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,016 shares of company stock worth $4,846,863 over the last 90 days. Insiders own 4.02% of the company’s stock.

Institutional Trading of Travel + Leisure

Several institutional investors have recently added to or reduced their stakes in TNL. UMB Bank n.a. boosted its holdings in Travel + Leisure by 1,948.1% in the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after acquiring an additional 526 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in 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 acquiring an additional 607 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after acquiring an additional 210 shares during the last quarter. Larson Financial Group LLC bought a new stake in Travel + Leisure in the second quarter valued at approximately $36,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Travel + Leisure in the second quarter valued at approximately $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.