Travel + Leisure (TNL) Stock Forecast & Price Target

TNL price $71.16 +2.77 +4.06%

Ticker
TNL
Price
$71.16
Change
+2.77 +4.06%
Market cap ?
$4.29B
P/E ?
17.59
Forward P/E ?
9.40
Dividend yield ?
3.60%
Beta ?
1.21
Sector
Consumer Cyclical
Industry
Travel Services

Financials

2016201720182019202020212022202320242025
5599000000507600000039310000004042000000216000000031340000003567000000375000000038640000004021000000

Travel + Leisure Co. functions as a global hospitality enterprise, delivering a diverse range of services and products through its two primary divisions: Vacation Ownership and Travel & Membership. The Vacation Ownership segment focuses on the development, marketing, and sale of fractional vacation ownership interests (VOIs) directly to individual consumers. This division also provides consumer financing for these…

Fair value

TNL fair value $99.57. Price $71.16. Price is 29% below fair value.

Around fair value, but more expensive than usual. A larger premium than on 65% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 362.00M. Growth 17.74%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 10.97% (beta 1.2). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 61.20M. Net debt 4.66B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare TNL

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-02-17—2.26—1.08B
2026-10-272.212.051.10B1.08B
2026-07-221.881.881.06B1.04B
2026-04-221.451.31961.00M954.91M
2026-02-181.831.831.03B1.00B
2025-10-221.801.721.04B1.00B
2025-07-231.651.661.02B1.04B
2025-04-231.111.10934.00M1.01B
2025-02-191.721.68971.00M954.00M
2024-10-231.571.49993.00M961.13M
2024-07-241.521.40985.00M987.87M
2024-04-240.970.86916.00M906.16M
2024-02-211.981.38936.00M943.11M
2023-10-251.541.46986.00M984.82M
2023-07-261.331.33949.00M954.26M
2023-04-260.890.78879.00M840.51M
2023-02-221.301.22899.00M908.73M
2022-10-271.281.30937.00M941.57M
2022-07-281.271.19922.00M917.91M
2022-04-280.690.72809.00M772.10M
2022-02-231.190.96870.00M801.68M
2021-10-271.191.03839.00M836.25M
2021-07-280.880.74797.00M836.58M
2021-04-280.390.20628.00M590.15M
2021-02-240.320.49645.00M861.39M
2020-10-280.830.31614.00M—
2020-07-30-1.11-0.89343.00M—
2020-05-06-0.980.59558.00M—
2020-02-261.581.56981.00M—
2019-10-301.571.471.10B—
2019-07-301.451.361.04B—
2019-05-011.030.90918.00M—
2019-02-261.271.27956.00M—
2018-11-011.471.421.06B—
2018-08-081.251.211.01B—
2018-05-021.331.281.19B—
2018-02-141.491.351.25B—
2017-10-252.032.021.63B—
2017-08-021.531.501.48B—
2017-04-261.141.111.32B—

Dividends

Yield 3.32%. Payout ratio 63.40%. Frequency Quarterly.

Safety score 89/100 · Safe. Payout ratio is 63% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 20 separate years. Yield is 3.3%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-09-16$0.602026-09-162026-09-30Quarterly
2026-06-12$0.602026-06-122026-06-30Quarterly
2026-03-20$0.602026-03-202026-03-31Quarterly
2025-12-12$0.562025-12-122025-12-31Quarterly
2025-09-12$0.562025-09-122025-09-30Quarterly
2025-06-13$0.562025-06-132025-06-30Quarterly
2025-03-17$0.562025-03-172025-03-31Quarterly
2024-12-13$0.502024-12-132024-12-31Quarterly
2024-09-13$0.502024-09-132024-09-30Quarterly
2024-06-14$0.502024-06-142024-06-28Quarterly
2024-03-20$0.502024-03-212024-03-29Quarterly
2023-12-14$0.452023-12-152023-12-29Quarterly
2023-09-14$0.452023-09-152023-09-29Quarterly
2023-06-14$0.452023-06-152023-06-30Quarterly
2023-03-14$0.452023-03-152023-03-31Quarterly
2022-12-14$0.402022-12-152022-12-30Quarterly
2022-09-14$0.402022-09-152022-09-30Quarterly
2022-06-14$0.402022-06-152022-06-30Quarterly
2022-03-14$0.402022-03-152022-03-31Quarterly
2021-12-14$0.352021-12-152021-12-30Quarterly
2021-09-14$0.302021-09-152021-09-30Quarterly
2021-06-14$0.302021-06-152021-06-30Quarterly
2021-03-12$0.302021-03-152021-03-31Quarterly
2020-12-14$0.302020-12-152020-12-30Quarterly
2020-09-14$0.302020-09-152020-09-30Quarterly
2020-06-12$0.502020-06-152020-06-30Quarterly
2020-03-13$0.502020-03-162020-03-31Quarterly
2019-12-12$0.452019-12-132019-12-30Quarterly
2019-09-12$0.452019-09-132019-09-30Quarterly
2019-06-13$0.452019-06-142019-06-28Quarterly
2019-03-15$0.452019-03-182019-03-29Quarterly
2018-12-13$0.412018-12-142018-12-28Quarterly
2018-09-13$0.412018-09-142018-09-28Quarterly
2018-06-14$0.412018-06-152018-06-29Quarterly
2018-03-14$0.302018-03-152018-03-30Quarterly
2017-11-24$0.262017-11-272017-12-11Quarterly
2017-08-23$0.262017-08-252017-09-08Quarterly
2017-05-24$0.262017-05-262017-06-09Quarterly
2017-03-15$0.262017-03-172017-03-30Quarterly
2016-11-23$0.232016-11-282016-12-12Quarterly
2016-08-24$0.23——Quarterly
2016-05-25$0.232016-05-272016-06-10Quarterly
2016-03-09$0.232016-03-112016-03-24Quarterly
2015-11-25$0.192015-11-302015-12-15Quarterly
2015-08-26$0.192015-08-282015-09-14Quarterly
2015-05-27$0.192015-05-292015-06-12Quarterly
2015-03-11$0.192015-03-132015-03-27Quarterly
2014-11-26$0.162014-12-012014-12-16Quarterly
2014-08-19$0.162014-08-212014-09-05Quarterly
2014-05-28$0.162014-05-302014-06-13Quarterly
2014-03-12$0.162014-03-142014-03-28Quarterly
2013-11-22$0.132013-11-262013-12-06Quarterly
2013-08-20$0.132013-08-222013-09-06Quarterly
2013-05-23$0.132013-05-282013-06-07Quarterly
2013-03-12$0.132013-03-142013-03-29Quarterly
2012-11-19$0.102012-11-212012-12-07Quarterly
2012-08-21$0.102012-08-232012-09-07Quarterly
2012-05-22$0.102012-05-242012-06-08Quarterly
2012-03-13$0.102012-03-152012-03-30Quarterly
2011-11-21$0.072011-11-232011-12-09Quarterly
2011-08-23$0.072011-08-252011-09-09Quarterly
2011-05-24$0.072011-05-262011-06-10Quarterly
2011-03-08$0.072011-03-102011-03-25Quarterly
2010-11-22$0.052010-11-242011-01-21Quarterly
2010-08-24$0.052010-08-262010-10-15Quarterly
2010-05-25$0.052010-05-272010-07-16Quarterly
2010-03-04$0.052010-03-082010-04-16Quarterly
2009-11-20$0.022009-11-242010-01-15Quarterly
2009-08-25$0.022009-08-272009-10-16Quarterly
2009-05-26$0.022009-05-282009-07-17Quarterly
2009-02-24$0.022009-02-262009-03-13Quarterly
2008-11-24$0.022008-11-262008-12-11Quarterly
2008-08-26$0.022008-08-282008-09-11Quarterly
2008-05-27$0.022008-05-292008-06-12Quarterly
2008-03-04$0.022008-03-062008-03-13Quarterly
2007-11-08$0.022007-11-132007-12-04Quarterly
2007-08-09$0.022007-08-132007-09-04Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-08-26Duncan Thomas MichaelSell20.00K$74.161.48M
2026-08-25ROBIN-CAPLAN AMANDINEBuy4.29K——
2026-08-25ROBIN-CAPLAN AMANDINESell1.69K$73.67124.43K
2026-08-06Brown Michael DeanBuy200$44.388.88K
2026-08-06Brown Michael DeanSell200$79.0015.80K
2026-08-06Brown Michael DeanSell200$44.388.88K
2026-08-05Brown Michael DeanBuy4.15K$44.38184.18K
2026-08-05Brown Michael DeanSell4.15K$79.24328.85K
2026-08-05Brown Michael DeanSell4.15K$44.38184.18K
2026-08-04MYERS JEFFREYSell34.00K$77.762.64M
2026-08-04ESFAHANI SYSell52.62K$78.004.10M
2026-07-27RICHARDS GEOFFREYSell33.74K$75.652.55M
2026-07-23MARSHALL KIMBERLYSell32.69K$75.002.45M
2026-06-16HERRERA GEORGESell500$75.1637.58K
2026-06-04MARSHALL KIMBERLYSell28.00K$70.171.96M
2026-05-25Hoag Erik DBuy24.54K——
2026-05-25Hoag Erik DSell9.66K$65.12628.93K
2026-05-14Post Denny MarieSell2.50K$63.83159.57K
2026-04-23Hoag Erik DBuy1.00K$65.6765.67K
2026-04-17Brown Michael DeanBuy9.44K$44.38419.08K
2026-04-17Brown Michael DeanSell9.44K$79.11746.99K
2026-04-17Brown Michael DeanSell9.44K$44.38419.08K
2026-04-16Brown Michael DeanBuy1.11K$44.3849.22K
2026-04-16Brown Michael DeanSell1.11K$79.1387.76K
2026-04-16Brown Michael DeanSell1.11K$44.3849.22K
2026-04-15Brown Michael DeanBuy2.61K$44.38115.92K
2026-04-15Brown Michael DeanSell2.61K$79.00206.35K
2026-04-15Brown Michael DeanSell2.61K$44.38115.92K
2026-04-14Brown Michael DeanBuy8.91K$44.38395.43K
2026-04-14Brown Michael DeanSell8.91K$79.02704.07K
2026-04-14Brown Michael DeanSell8.91K$44.38395.43K
2026-03-31Wargotz Michael HBuy1.19K——
2026-03-31RICKLES RONALD LBuy488——
2026-03-31Post Denny MarieBuy399——
2026-03-31MARTINEZ LUCINDABuy40——
2026-03-31HOLMES STEPHEN PBuy494——
2026-03-31HERRERA GEORGEBuy402——
2026-03-31BUCKMAN JAMES EBuy1.19K——
2026-03-31Brady Louise F.Buy802——
2026-03-18HERRERA GEORGESell1.75K$70.31122.90K
2026-03-17Savina James JSell31.60K$70.382.22M
2026-03-17HERRERA GEORGESell1.21K$70.4885.56K
2026-03-15Brown Michael DeanBuy29.04K——
2026-03-15Brown Michael DeanSell11.43K$68.53783.23K
2026-03-15Duncan Thomas MichaelBuy1.04K——
2026-03-15Duncan Thomas MichaelSell253$68.5317.34K
2026-03-15RICHARDS GEOFFREYBuy13.28K——
2026-03-15RICHARDS GEOFFREYSell5.22K$68.53358.07K
2026-03-15MYERS JEFFREYBuy13.28K——
2026-03-15MYERS JEFFREYSell5.22K$68.53358.07K
2026-03-15Savina James JBuy7.47K——
2026-03-15Savina James JSell2.94K$68.53201.41K
2026-03-15ROBIN-CAPLAN AMANDINEBuy2.90K——
2026-03-15ROBIN-CAPLAN AMANDINESell1.14K$68.5378.33K
2026-03-15ESFAHANI SYBuy4.98K——
2026-03-15ESFAHANI SYSell1.96K$68.53134.32K
2026-03-15MARSHALL KIMBERLYBuy5.76K——
2026-03-15MARSHALL KIMBERLYSell2.27K$68.53155.29K
2026-03-11Hoag Erik DBuy27.27K——
2026-03-11MARTINEZ LUCINDABuy3.34K——
2026-03-11MARSHALL KIMBERLYBuy20.98K——
2026-03-11RICKLES RONALD LBuy3.65K——
2026-03-11ESFAHANI SYBuy12.59K——
2026-03-11HOLMES STEPHEN PBuy4.12K——
2026-03-11Brown Michael DeanBuy129.72K——
2026-03-11MYERS JEFFREYBuy33.57K——
2026-03-11HERRERA GEORGEBuy3.60K——
2026-03-11BUCKMAN JAMES EBuy3.88K——
2026-03-11Brady Louise F.Buy5.52K——
2026-03-11RICHARDS GEOFFREYBuy33.57K——
2026-03-11Savina James JBuy20.98K——
2026-03-11Duncan Thomas MichaelBuy2.62K——
2026-03-11ROBIN-CAPLAN AMANDINEBuy12.06K——
2026-03-11Wargotz Michael HBuy3.67K——
2026-03-11Post Denny MarieBuy3.48K——
2026-03-10ROBIN-CAPLAN AMANDINEBuy3.76K——
2026-03-10ROBIN-CAPLAN AMANDINESell1.48K$71.12105.33K
2026-03-10Wargotz Michael HBuy1.33K——
2026-03-10HERRERA GEORGEBuy1.21K——
2026-03-10Post Denny MarieBuy1.33K——
2026-03-10RICKLES RONALD LBuy1.33K——
2026-03-10Brady Louise F.Buy1.33K——
2026-03-10ESFAHANI SYBuy25.68K——
2026-03-10ESFAHANI SYSell10.11K$71.12718.81K
2026-03-10HOLMES STEPHEN PBuy1.33K——
2026-03-10Savina James JBuy31.98K——
2026-03-10Savina James JSell11.80K$71.12839.14K
2026-03-10BUCKMAN JAMES EBuy1.33K——
2026-03-10RICHARDS GEOFFREYBuy49.38K——
2026-03-10RICHARDS GEOFFREYSell19.43K$71.121.38M
2026-03-10MARSHALL KIMBERLYBuy28.80K——
2026-03-10MARSHALL KIMBERLYSell11.33K$71.12806.00K
2026-03-10Brown Michael DeanBuy69.03K——
2026-03-10Brown Michael DeanSell27.16K$71.121.93M
2026-03-10Duncan Thomas MichaelBuy5.44K——
2026-03-10Duncan Thomas MichaelSell1.33K$71.1294.31K
2026-03-10MYERS JEFFREYBuy49.38K——
2026-03-10MYERS JEFFREYSell19.43K$71.121.38M
2026-03-10MARTINEZ LUCINDABuy1.21K——
2026-02-24Brown Michael DeanBuy25.94K$44.381.15M

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 491, holders -2 vs prior quarter. Ownership 102.02%.

HolderSharesChangeChange %Value
BLACKROCK, INC.7.12M-30.67K-0.43%543.96M
VANGUARD PORTFOLIO MANAGEMENT LLC6.06M56.72K+0.94%463.37M
VANGUARD CAPITAL MANAGEMENT LLC2.70M3.95K+0.15%206.55M
INVESCO LTD.2.47M108.62K+4.60%188.62M
STATE STREET CORP2.16M7.64K+0.36%164.92M
LSV ASSET MANAGEMENT1.79M147.85K+9.02%136.56M
GEODE CAPITAL MANAGEMENT, LLC1.67M36.50K+2.23%128.02M
CITADEL ADVISORS LLC1.53M1.45M+2010.35%116.62M
QUANTINNO CAPITAL MANAGEMENT LP1.41M101.78K+7.80%107.56M
MORGAN STANLEY1.36M383.13K+39.27%103.85M
MILLENNIUM MANAGEMENT LLC1.35M1.10M+454.74%102.99M
AQR CAPITAL MANAGEMENT LLC1.31M-543.75K-29.37%99.92M
DIMENSIONAL FUND ADVISORS LP1.29M12.28K+0.96%98.78M
NORGES BANK1.18M1.18MNew90.53M
PRICE T ROWE ASSOCIATES INC /MD/1.15M582.17K+101.66%88.26M
COPELAND CAPITAL MANAGEMENT, LLC969.93K-46.98K-4.62%74.13M
GOTHAM ASSET MANAGEMENT, LLC954.39K271.49K+39.76%72.94M
NORTHERN TRUST CORP897.37K-24.86K-2.70%68.59M
TRUIST FINANCIAL CORP878.69K76.97K+9.60%67.16M
GMT CAPITAL CORP859.24K-365.60K-29.85%65.67M
ENVESTNET ASSET MANAGEMENT INC802.11K40.57K+5.33%61.30M
UBS GROUP AG778.71K560.69K+257.18%59.52M
SWEDBANK AB774.50K00.00%59.19M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC758.92K-64.53K-7.84%58.00M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.758.92K758.92KNew58.00M

Forecast

Consensus Buy from 13 analysts. Average price target $82.00, +15.2% versus the current price. Low $75.00. High $90.00.

Insights · Dividends · Forecast · Financials · Learn

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Analysts have an average 12-month price target of $82.00 for Travel + Leisure (TNL), 15.8% above the current price of $70.82. Of 13 analysts covering the stock, 11 rate it Buy or Strong Buy, 2 Hold, and 0 Sell or Strong Sell, giving a consensus of Buy.

Forecasts are third-party estimates and often wrong. They are not investment advice.

TNL price target

12-month price target
Low$75.00
Average$82.00
High$90.00

The average is 15.8% above the current price of $70.82.

Is Travel + Leisure a buy or sell?

Of 13 analysts, 11 rate Travel + Leisure Buy or Strong Buy, 2 Hold, and 0 Sell or Strong Sell. The consensus label is Buy. That split is not a recommendation.

Travel + Leisure earnings and revenue forecast

Analyst averages on file: 2026, EPS $7.57, revenue $4.18 billion. 2027, EPS $8.71, revenue $4.39 billion.

TNL score and fair value

The Stocklytics Score, when it is published for TNL, averages value, quality, and growth on a 0–100 scale. It is not a price target. Fair value is a separate estimate on the fair value tab.

TNL forecast FAQs

What is the TNL price target?

$82.00 average, with a published range of $75.00 to $90.00.

Is Travel + Leisure a buy or sell?

The consensus is Buy from 13 analysts. This is not a recommendation.

What is the Travel + Leisure stock forecast for 2026?

Analysts' average EPS estimate for 2026 on file is $7.57. The average revenue estimate is $4.18 billion.

What will TNL be worth in 2030?

No reliable forecast exists that far out.

When is Travel + Leisure's next earnings report?

The next earnings date is shown on the stock page when a future report is on the calendar. This forecast does not invent a date.

Capital is at risk. Stocklytics is operated by Stocklytics Inc., a Marshall Islands company. It is not regulated by the FCA and does not give investment advice.

Travel + Leisure (TNL) Stock Forecast & Price Target

TNL$71.16+2.77 +4.06%

$4.29B

Market Cap

17.59

P/E

9.40

Forward P/E

—

Score

Price History