Travel + Leisure (NYSE:TNL) Hits New 1-Year High – Still a Buy?

Travel + Leisure Co. (NYSE:TNL) hit a new 52-week high during trading on Wednesday . The company traded as high as $52.30 and last traded at $52.30, with a volume of 2546 shares. The stock had previously closed at $49.90.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Tigress Financial raised their target price on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Barclays lifted their price objective on Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.67.

Travel + Leisure Stock Up 4.5 %

The business’s 50-day moving average is $45.44 and its two-hundred day moving average is $44.84. The stock has a market capitalization of $3.57 billion, a PE ratio of 8.47, a PEG ratio of 0.71 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.08. The company had revenue of $993.00 million during 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 firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the business earned $1.54 EPS. As a group, analysts anticipate that Travel + Leisure Co. will post 5.77 EPS for the current year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 annualized dividend and a yield of 3.84%. Travel + Leisure’s dividend payout ratio (DPR) is 33.96%.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the sale, the insider now owns 24,491 shares in the company, valued at approximately $1,024,703.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Amandine Robin-Caplan sold 3,246 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Geoffrey Richards sold 5,009 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total value of $261,269.44. Following the sale, the insider now directly owns 125,209 shares in the company, valued at approximately $6,530,901.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,448 shares of company stock worth $4,294,241 over the last quarter. 4.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Travel + Leisure

A number of hedge funds and other institutional investors have recently modified their holdings of TNL. QRG Capital Management Inc. lifted its stake in shares of Travel + Leisure by 2.5% during the second quarter. QRG Capital Management Inc. now owns 18,005 shares of the company’s stock worth $810,000 after buying an additional 432 shares during the period. UMB Bank n.a. grew its stake in shares of Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after buying an additional 526 shares during the period. Versant Capital Management Inc purchased a new position in shares of Travel + Leisure during the 2nd quarter worth approximately $27,000. Allspring Global Investments Holdings LLC lifted its holdings in Travel + Leisure by 2,759.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after buying an additional 607 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in shares of Travel + Leisure by 14.4% in the 3rd quarter. Atria Investments Inc now owns 5,345 shares of the company’s stock valued at $246,000 after purchasing an additional 672 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

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.