Travel + Leisure (NYSE:TNL) PT Raised to $49.00

Travel + Leisure (NYSE:TNL) had its price target lifted by The Goldman Sachs Group from $44.00 to $49.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 3.14% from the stock’s current price.

A number of other research firms also recently weighed in on TNL. JPMorgan Chase & Co. lifted their price target on Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Tigress Financial boosted their target price on shares of Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, July 25th. 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. Finally, Truist Financial lowered their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock opened at $47.51 on Thursday. Travel + Leisure has a one year low of $32.26 and a one year high of $49.91. The company has a market cap of $3.31 billion, a P/E ratio of 7.93, a PEG ratio of 0.62 and a beta of 1.62. The firm has a fifty day moving average of $44.66 and a two-hundred day moving average of $44.63.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.08. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The firm had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company posted $1.54 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities analysts predict that Travel + Leisure will post 5.67 earnings per share for the current year.

Insiders Place Their Bets

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the sale, the director now directly owns 362,947 shares of the company’s stock, valued at approximately $17,258,129.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction that occurred on 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 owns 24,491 shares of the company’s stock, valued at $1,024,703.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction on 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 directly owns 362,947 shares of the company’s stock, valued at $17,258,129.85. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 85,439 shares of company stock valued at $4,032,971. Company insiders own 4.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Travel + Leisure by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock worth $419,136,000 after acquiring an additional 466,640 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Travel + Leisure by 1.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,068 shares of the company’s stock valued at $1,668,000 after buying an additional 445 shares during the period. Diversified Trust Co acquired a new position in Travel + Leisure during the first quarter valued at approximately $576,000. State of Michigan Retirement System grew its stake in Travel + Leisure by 2.3% during the first quarter. State of Michigan Retirement System now owns 17,807 shares of the company’s stock worth $872,000 after buying an additional 400 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Travel + Leisure by 1.9% during the first quarter. Principal Financial Group Inc. now owns 368,324 shares of the company’s stock worth $18,033,000 after buying an additional 6,968 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

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.