Travel + Leisure (NYSE:TNL – Get Free Report) had its price target increased by analysts at Barclays from $54.00 to $63.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s target price suggests a potential downside of 10.14% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. The Goldman Sachs Group increased their price target on Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday. Morgan Stanley set a $68.00 price objective on Travel + Leisure in a report on Wednesday. Mizuho set a $86.00 price objective on shares of Travel + Leisure in a research note on Wednesday. Finally, JMP Securities raised their target price on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a “market outperform” rating in a report on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average price target of $69.90.
View Our Latest Stock Analysis on Travel + Leisure
Travel + Leisure Price Performance
Shares of TNL opened at $70.11 on Thursday. The firm’s 50 day moving average is $61.28 and its 200-day moving average is $54.43. Travel + Leisure has a 12-month low of $37.77 and a 12-month high of $70.43. The stock has a market capitalization of $4.55 billion, a P/E ratio of 12.09, a P/E/G ratio of 0.59 and a beta of 1.47.
Travel + Leisure (NYSE:TNL – Get Free Report) last issued its earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.57 earnings per share. As a group, equities research analysts forecast that Travel + Leisure will post 6.46 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Geoffrey Richards sold 124,454 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $62.56, for a total transaction of $7,785,842.24. Following the transaction, the insider directly owned 118,718 shares in the company, valued at $7,426,998.08. The trade was a 51.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Dean Brown purchased 1,500 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was bought at an average cost of $58.39 per share, for a total transaction of $87,585.00. Following the completion of the purchase, the insider directly owned 427,821 shares of the company’s stock, valued at $24,980,468.19. The trade was a 0.35% increase in their position. The disclosure for this purchase can be found here. 3.75% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Travel + Leisure
Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in Travel + Leisure by 210.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 35,893 shares of the company’s stock worth $1,666,000 after buying an additional 24,329 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Travel + Leisure by 8.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company’s stock worth $46,039,000 after acquiring an additional 79,430 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Travel + Leisure by 26.6% during the 1st quarter. GAMMA Investing LLC now owns 2,044 shares of the company’s stock worth $95,000 after purchasing an additional 429 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Travel + Leisure by 10.1% during the 1st quarter. Cerity Partners LLC now owns 21,529 shares of the company’s stock worth $997,000 after purchasing an additional 1,980 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Travel + Leisure by 4.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 208,929 shares of the company’s stock valued at $9,671,000 after purchasing an additional 8,142 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other 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.
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