Travel + Leisure (NYSE:TNL) Sets New 12-Month High – Still a Buy?

Travel + Leisure Co. (NYSE:TNL)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $54.97 and last traded at $54.94, with a volume of 37652 shares traded. The stock had previously closed at $54.16.

Wall Street Analysts Forecast Growth

TNL has been the topic of several analyst reports. Barclays boosted their price objective on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Truist Financial cut their price target on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. The Goldman Sachs Group boosted their target price on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Tigress Financial boosted their target price on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $55.67.

Travel + Leisure Trading Up 1.6 %

The company’s 50 day moving average is $47.92 and its 200-day moving average is $45.54. The stock has a market cap of $3.76 billion, a PE ratio of 9.20, a P/E/G ratio of 0.76 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The business had revenue of $993.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm earned $1.54 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts forecast that Travel + Leisure Co. will post 5.77 EPS for the current year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.64%. The ex-dividend date is Friday, December 13th. Travel + Leisure’s dividend payout ratio is 33.96%.

Insider Buying and Selling

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the sale, the director now owns 362,947 shares of the company’s stock, valued at $17,258,129.85. This represents a 18.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction that occurred on Thursday, September 12th. The stock was 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 in the company, valued at $1,024,703.44. The trade was a 11.70 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 95,055 shares of company stock valued at $4,544,170. Company insiders own 4.02% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank n.a. raised its holdings in Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after buying an additional 526 shares during the last quarter. Versant Capital Management Inc purchased a new position in Travel + Leisure during the 2nd quarter worth $27,000. Allspring Global Investments Holdings LLC raised its stake in shares of Travel + Leisure by 2,759.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after purchasing an additional 607 shares during the period. Family Firm Inc. bought a new stake in shares of Travel + Leisure during the 2nd quarter worth $31,000. Finally, Larson Financial Group LLC bought a new stake in shares of Travel + Leisure during the 2nd quarter worth $36,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

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.