Travel + Leisure (NYSE:TNL) Coverage Initiated at Mizuho

Equities research analysts at Mizuho initiated coverage on shares of Travel + Leisure (NYSE:TNL) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set a “neutral” rating and a $55.00 price target on the stock. Mizuho’s target price would indicate a potential upside of 13.61% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Truist Financial raised their price objective on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Barclays raised their price target on shares of Travel + Leisure from $37.00 to $44.00 and gave the company an “equal weight” rating in a research report on Thursday, February 22nd. Jefferies Financial Group raised Travel + Leisure from a “hold” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $57.00 in a research note on Tuesday, January 2nd. Finally, JMP Securities assumed coverage on Travel + Leisure in a report on Tuesday, February 13th. They issued an “outperform” rating and a $50.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $53.63.

Travel + Leisure Price Performance

TNL stock opened at $48.41 on Tuesday. Travel + Leisure has a 1 year low of $32.10 and a 1 year high of $48.51. The stock has a market capitalization of $3.44 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 1.30 and a beta of 1.61. The company’s 50-day moving average is $43.27 and its 200-day moving average is $39.16.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.61. Travel + Leisure had a negative return on equity of 43.77% and a net margin of 10.59%. The firm had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $946.56 million. During the same quarter last year, the firm posted $1.30 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts anticipate that Travel + Leisure will post 5.4 earnings per share for the current fiscal year.

Insider Transactions at Travel + Leisure

In related news, insider James J. Savina sold 6,000 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $47.00, for a total value of $282,000.00. Following the sale, the insider now owns 26,442 shares of the company’s stock, valued at approximately $1,242,774. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider James J. Savina sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $47.00, for a total transaction of $282,000.00. Following the sale, the insider now directly owns 26,442 shares in the company, valued at approximately $1,242,774. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Herrera sold 2,969 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $45.33, for a total transaction of $134,584.77. Following the sale, the director now directly owns 2,193 shares in the company, valued at approximately $99,408.69. The disclosure for this sale can be found here. Insiders have sold 28,922 shares of company stock worth $1,318,358 in the last ninety days. Company insiders own 2.84% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. LSV Asset Management raised its holdings in shares of Travel + Leisure by 2.0% in the 3rd quarter. LSV Asset Management now owns 572,309 shares of the company’s stock valued at $21,021,000 after acquiring an additional 11,400 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Travel + Leisure by 55.5% in the 3rd quarter. Stifel Financial Corp now owns 164,295 shares of the company’s stock worth $6,035,000 after buying an additional 58,629 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Travel + Leisure by 48.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 812,721 shares of the company’s stock valued at $32,785,000 after buying an additional 263,567 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Travel + Leisure during the 3rd quarter worth $1,245,000. Finally, Hsbc Holdings PLC grew its position in Travel + Leisure by 747.6% in the third quarter. Hsbc Holdings PLC now owns 159,662 shares of the company’s stock worth $5,864,000 after acquiring an additional 140,826 shares in the last quarter. 87.54% of the stock is currently 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.