Travel + Leisure (NYSE:TNL) Sets New 1-Year Low – What’s Next?

Travel + Leisure Co. (NYSE:TNL) shares reached a new 52-week low on Friday . The company traded as low as $39.80 and last traded at $41.01, with a volume of 542988 shares changing hands. The stock had previously closed at $42.84.

Analyst Ratings Changes

Several research analysts recently weighed in on TNL shares. Truist Financial boosted their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their target price on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Morgan Stanley assumed coverage on Travel + Leisure in a research report on Monday, January 6th. They set an “overweight” rating and a $67.00 price target for the company. Barclays boosted their price objective on Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. Finally, Tigress Financial raised their target price on Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.70.

Travel + Leisure Trading Down 4.4 %

The firm has a fifty day moving average of $52.17 and a two-hundred day moving average of $51.02. The company has a market cap of $2.73 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $1.98 earnings per share. Sell-side analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.56 per share. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a yield of 5.47%. Travel + Leisure’s payout ratio is presently 38.36%.

Insiders Place Their Bets

In related news, Director George Herrera sold 6,336 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the sale, the director now owns 2,759 shares of the company’s stock, valued at approximately $129,121.20. This represents a 69.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Dean Brown purchased 2,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $46.66 per share, with a total value of $93,320.00. Following the completion of the acquisition, the insider now owns 408,706 shares in the company, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.02% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TNL. Smartleaf Asset Management LLC boosted its position in shares of Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after acquiring an additional 181 shares during the last quarter. Cerity Partners LLC raised its stake in Travel + Leisure by 1.0% in the fourth quarter. Cerity Partners LLC now owns 19,549 shares of the company’s stock valued at $986,000 after purchasing an additional 200 shares in the last quarter. UMB Bank n.a. lifted its position in Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after purchasing an additional 204 shares during the last quarter. Versant Capital Management Inc grew its stake in Travel + Leisure by 49.2% in the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after buying an additional 210 shares in the last quarter. Finally, Capital Analysts LLC increased its holdings in shares of Travel + Leisure by 16.8% in the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company’s stock worth $80,000 after buying an additional 227 shares during 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.