Travel + Leisure (NYSE:TNL) PT Raised to $48.00

Travel + Leisure (NYSE:TNL) had its price target boosted by Barclays from $44.00 to $48.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 4.83% from the stock’s current price.

TNL has been the subject of several other research reports. Truist Financial upped their price target on shares of Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. JMP Securities assumed coverage on shares of Travel + Leisure in a report on Tuesday, February 13th. They issued an “outperform” rating and a $50.00 price target for the company. Jefferies Financial Group raised shares of Travel + Leisure from a “hold” rating to a “buy” rating and boosted their target price for the company from $37.00 to $57.00 in a research note on Tuesday, January 2nd. Finally, Mizuho assumed coverage on shares of Travel + Leisure in a research note on Tuesday, March 26th. They set a “neutral” rating and a $55.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average target price of $55.86.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $45.79 on Thursday. Travel + Leisure has a 12-month low of $32.10 and a 12-month high of $49.02. The company has a market capitalization of $3.26 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 1.25 and a beta of 1.63. The firm’s 50-day moving average is $45.53 and its two-hundred day moving average is $40.49.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.12. The company had revenue of $916.00 million for the quarter, compared to the consensus estimate of $904.54 million. Travel + Leisure had a net margin of 10.54% and a negative return on equity of 43.80%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 earnings per share. On average, analysts forecast that Travel + Leisure will post 5.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other Travel + Leisure news, insider Kimberly Marshall sold 4,953 shares of the business’s stock in a transaction dated Sunday, March 10th. The shares were sold at an average price of $45.24, for a total transaction of $224,073.72. Following the sale, the insider now directly owns 54,657 shares in the company, valued at approximately $2,472,682.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Travel + Leisure news, insider Kimberly Marshall sold 4,953 shares of the business’s stock in a transaction dated Sunday, March 10th. The shares were sold at an average price of $45.24, for a total transaction of $224,073.72. Following the sale, the insider now directly owns 54,657 shares in the company, valued at approximately $2,472,682.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James J. Savina sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total transaction of $282,000.00. Following the completion of the sale, the insider now owns 26,442 shares in the company, valued at $1,242,774. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,922 shares of company stock worth $1,318,358. 4.02% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Travel + Leisure

A number of large investors have recently made changes to their positions in TNL. Norges Bank purchased a new position in Travel + Leisure during the fourth quarter valued at approximately $34,967,000. Vanguard Group Inc. grew its position in Travel + Leisure by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock valued at $419,136,000 after purchasing an additional 466,640 shares in the last quarter. AQR Capital Management LLC grew its position in Travel + Leisure by 34.7% during the third quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company’s stock valued at $63,830,000 after purchasing an additional 447,938 shares in the last quarter. Los Angeles Capital Management LLC grew its position in Travel + Leisure by 1,025.0% during the first quarter. Los Angeles Capital Management LLC now owns 196,627 shares of the company’s stock valued at $9,627,000 after purchasing an additional 179,149 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in Travel + Leisure by 747.6% during the third quarter. Hsbc Holdings PLC now owns 159,662 shares of the company’s stock valued at $5,864,000 after purchasing an additional 140,826 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

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.