Travel + Leisure (NYSE:TNL) Price Target Raised to $66.00

Travel + Leisure (NYSE:TNL) had its price target boosted by analysts at Stifel Nicolaus from $59.00 to $66.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 19.18% from the stock’s previous close.

A number of other equities research analysts have also issued reports on TNL. Tigress Financial raised their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group raised their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Truist Financial dropped their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Finally, Barclays raised their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Travel + Leisure currently has an average rating of “Moderate Buy” and an average price target of $56.80.

Travel + Leisure Stock Down 0.2 %

Shares of Travel + Leisure stock opened at $55.38 on Tuesday. The firm has a market cap of $3.79 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 0.81 and a beta of 1.61. Travel + Leisure has a 12-month low of $35.41 and a 12-month high of $56.91. The company’s fifty day simple moving average is $48.71 and its two-hundred day simple moving average is $45.76.

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

Insider Activity at Travel + Leisure

In related news, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the transaction, the insider now directly owns 24,491 shares of the company’s stock, valued at $1,024,703.44. This trade represents a 11.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Geoffrey Richards sold 9,400 shares of Travel + Leisure stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.56, for a total transaction of $531,664.00. Following the completion of the transaction, the insider now directly owns 111,202 shares of the company’s stock, valued at $6,289,585.12. This trade represents a 7.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,455 shares of company stock valued at $5,075,834 in the last three months. Company insiders own 4.02% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in Travel + Leisure by 1,948.1% in the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after buying an additional 526 shares during the last quarter. Versant Capital Management Inc purchased a new position in Travel + Leisure in the second quarter worth about $27,000. Allspring Global Investments Holdings LLC raised its holdings in Travel + Leisure by 2,759.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after buying an additional 607 shares during the last quarter. Family Firm Inc. purchased a new position in Travel + Leisure in the second quarter worth about $31,000. Finally, Larson Financial Group LLC purchased a new position in Travel + Leisure in the second quarter worth about $36,000. 87.54% of the stock is 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.