Travel + Leisure Co. (NYSE:TNL – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $57.81 and last traded at $57.36, with a volume of 64847 shares. The stock had previously closed at $57.45.
The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. Barclays upped their price target on Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Truist Financial upped their price target on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Stifel Nicolaus boosted their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group increased their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.50.
Check Out Our Latest Stock Analysis on TNL
Insider Transactions at Travel + Leisure
In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $56.56, for a total transaction of $531,664.00. Following the sale, the insider now owns 111,202 shares of the company’s stock, valued at $6,289,585.12. This represents a 7.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.02% of the stock is currently owned by insiders.
Institutional Trading of Travel + Leisure
Several hedge funds have recently modified their holdings of the stock. PharVision Advisers LLC bought a new stake in Travel + Leisure in the 4th quarter valued at $713,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Travel + Leisure by 14.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 273,176 shares of the company’s stock valued at $13,782,000 after acquiring an additional 35,275 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Travel + Leisure during the 4th quarter worth approximately $6,304,000. WBI Investments LLC grew its stake in shares of Travel + Leisure by 25.5% in the fourth quarter. WBI Investments LLC now owns 13,284 shares of the company’s stock valued at $670,000 after buying an additional 2,702 shares in the last quarter. Finally, Twinbeech Capital LP bought a new position in shares of Travel + Leisure in the fourth quarter valued at $3,092,000. 87.54% of the stock is owned by institutional investors.
Travel + Leisure Price Performance
The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 0.65 and a beta of 1.64. The stock has a 50-day moving average of $52.90 and a 200-day moving average of $49.26.
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.
See Also
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