Travel + Leisure (NYSE:TNL) Trading Down 8%

Travel + Leisure Co. (NYSE:TNL) was down 8% during mid-day trading on Wednesday . The stock traded as low as $44.55 and last traded at $45.43. Approximately 98,224 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 556,634 shares. The stock had previously closed at $49.38.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TNL shares. JPMorgan Chase & Co. raised their target price on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Barclays raised their target price on shares of Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $56.75.

Travel + Leisure Trading Up 1.6 %

The firm’s 50 day moving average is $44.87 and its two-hundred day moving average is $44.19. The firm has a market cap of $3.23 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 2.49 and a beta of 1.63.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.13. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 45.86%. The business had revenue of $985.00 million for the quarter, compared to analyst estimates of $987.20 million. During the same quarter last year, the firm earned $1.33 EPS. Travel + Leisure’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts predict that Travel + Leisure Co. will post 5.53 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend was Friday, June 14th. Travel + Leisure’s payout ratio is currently 36.83%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Allworth Financial LP lifted its stake in Travel + Leisure by 147.5% in the fourth quarter. Allworth Financial LP now owns 698 shares of the company’s stock valued at $27,000 after buying an additional 416 shares in the last quarter. Versant Capital Management Inc bought a new position in Travel + Leisure in the second quarter valued at approximately $27,000. SRS Capital Advisors Inc. lifted its stake in Travel + Leisure by 334.1% in the fourth quarter. SRS Capital Advisors Inc. now owns 764 shares of the company’s stock valued at $30,000 after buying an additional 588 shares in the last quarter. Family Firm Inc. bought a new position in Travel + Leisure in the second quarter valued at approximately $31,000. Finally, GAMMA Investing LLC bought a new position in Travel + Leisure in the fourth quarter valued at approximately $36,000. 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.