Travel + Leisure (NYSE:TNL – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.
Several other research analysts have also recently weighed in on TNL. JMP Securities boosted their price objective on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 24th. Barclays boosted their price objective on shares of Travel + Leisure from $39.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, July 24th. Finally, Mizuho upgraded shares of Travel + Leisure from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $63.00 to $72.00 in a research report on Thursday, July 24th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.30.
Travel + Leisure Price Performance
TNL stock opened at $62.3680 on Friday. The company has a 50 day moving average price of $56.91 and a 200 day moving average price of $51.55. Travel + Leisure has a fifty-two week low of $37.77 and a fifty-two week high of $63.31. The stock has a market capitalization of $4.05 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 0.57 and a beta of 1.43.
Travel + Leisure (NYSE:TNL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.01). Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%.The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm earned $1.52 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities analysts expect that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, insider Michael Dean Brown acquired 1,500 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $58.39 per share, for a total transaction of $87,585.00. Following the transaction, the insider directly owned 427,821 shares in the company, valued at approximately $24,980,468.19. This represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Thomas Michael Duncan sold 8,201 shares of the company’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $62.24, for a total transaction of $510,430.24. Following the completion of the sale, the chief accounting officer owned 20,000 shares of the company’s stock, valued at approximately $1,244,800. This represents a 29.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 320,174 shares of company stock worth $19,765,874 over the last 90 days. 3.75% of the stock is currently owned by corporate insiders.
Institutional Trading of Travel + Leisure
Large investors have recently made changes to their positions in the company. Hillsdale Investment Management Inc. bought a new stake in shares of Travel + Leisure in the 2nd quarter valued at $27,000. Elequin Capital LP acquired a new position in Travel + Leisure in the 1st quarter worth $30,000. Parkside Financial Bank & Trust boosted its stake in Travel + Leisure by 155.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock worth $32,000 after purchasing an additional 382 shares during the period. Natixis acquired a new position in Travel + Leisure in the 4th quarter worth $37,000. Finally, Geneos Wealth Management Inc. boosted its stake in Travel + Leisure by 293.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after purchasing an additional 715 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.
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