Travel + Leisure (NYSE:TNL) Sets New 12-Month High – Here’s Why

by · The Cerbat Gem

Travel + Leisure Co. (NYSE:TNL – Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $54.47 and last traded at $54.42, with a volume of 86748 shares. The stock had previously closed at $53.42.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TNL shares. Truist Financial dropped their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. The Goldman Sachs Group raised their price objective on Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their target price on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, Barclays raised their price objective on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.67.

Read Our Latest Stock Report on TNL

Travel + Leisure Stock Performance

The business’s fifty day moving average price is $46.37 and its 200-day moving average price is $45.10. The stock has a market cap of $3.68 billion, a PE ratio of 9.24, a P/E/G ratio of 0.77 and a beta of 1.61.

Travel + Leisure (NYSE:TNL – Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The company had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. Travel + Leisure’s revenue was up .7% compared to the same quarter last year. Analysts forecast that Travel + Leisure Co. will post 5.77 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.50 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.72%. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

Insider Activity

In other Travel + Leisure news, Director George Herrera sold 2,193 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the transaction, the director now directly owns 6,352 shares in the company, valued at $269,832.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Travel + Leisure news, Director George Herrera sold 2,193 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the sale, the director now owns 6,352 shares in the company, valued at $269,832.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the transaction, the insider now directly owns 24,491 shares of the company’s stock, valued at $1,024,703.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,448 shares of company stock worth $4,294,241 in the last three months. Company insiders own 4.02% of the company’s stock.

Institutional Trading of Travel + Leisure

Several hedge funds have recently modified their holdings of TNL. Envestnet Portfolio Solutions Inc. bought a new position in Travel + Leisure during the first quarter valued at $211,000. Sei Investments Co. grew its position in Travel + Leisure by 138.4% in the first quarter. Sei Investments Co. now owns 116,671 shares of the company’s stock worth $5,712,000 after acquiring an additional 67,740 shares in the last quarter. QRG Capital Management Inc. increased its stake in Travel + Leisure by 10.4% during the first quarter. QRG Capital Management Inc. now owns 17,573 shares of the company’s stock worth $860,000 after acquiring an additional 1,650 shares during the last quarter. Russell Investments Group Ltd. raised its position in Travel + Leisure by 30.1% during the first quarter. Russell Investments Group Ltd. now owns 353,633 shares of the company’s stock valued at $17,313,000 after purchasing an additional 81,817 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Travel + Leisure by 3.9% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 67,114 shares of the company’s stock valued at $3,286,000 after purchasing an additional 2,512 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

About Travel + Leisure

(Get Free Report)

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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