Travel + Leisure (NYSE:TNL) Hits New 12-Month High – Should You Buy?

Travel + Leisure Co. (NYSE:TNL) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $56.95 and last traded at $56.93, with a volume of 163146 shares changing hands. The stock had previously closed at $55.36.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TNL shares. The Goldman Sachs Group raised 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. Stifel Nicolaus upped their price target on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price objective on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Tigress Financial upped their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and an average target price of $59.55.

Travel + Leisure Stock Up 3.4 %

The company’s fifty day simple moving average is $52.69 and its two-hundred day simple moving average is $48.59. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 0.63 and a beta of 1.64.

Insider Buying and Selling

In other news, insider Geoffrey Richards sold 4,607 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total transaction of $249,929.75. Following the completion of the sale, the insider now owns 120,602 shares of the company’s stock, valued at $6,542,658.50. This represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.02% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Travel + Leisure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cookson Peirce & Co. Inc. boosted its position in shares of Travel + Leisure by 13.7% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 11,684 shares of the company’s stock worth $589,000 after buying an additional 1,409 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Travel + Leisure by 15.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company’s stock worth $46,169,000 after acquiring an additional 122,173 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Travel + Leisure during the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC raised its holdings in shares of Travel + Leisure by 30.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after purchasing an additional 181 shares during the last quarter. Finally, Factorial Partners LLC lifted its position in shares of Travel + Leisure by 28.7% in the fourth quarter. Factorial Partners LLC now owns 87,500 shares of the company’s stock worth $4,414,000 after purchasing an additional 19,500 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Company Profile

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.