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

Travel + Leisure Co. (NYSE:TNL) reached a new 52-week high on Monday . The company traded as high as $73.54 and last traded at $73.46, with a volume of 76005 shares. The stock had previously closed at $72.03.

Analysts Set New Price Targets

TNL has been the topic of a number of analyst reports. Truist Financial increased their price objective on Travel + Leisure from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Barclays set a $70.00 price target on shares of Travel + Leisure and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their target price on shares of Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, JMP Securities boosted their price target on Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.22.

Travel + Leisure Stock Performance

The company’s fifty day moving average is $67.77 and its two-hundred day moving average is $62.62. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 0.55 and a beta of 1.38.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the firm posted $1.57 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.56 per share. The ex-dividend date was Friday, December 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.1%. Travel + Leisure’s dividend payout ratio (DPR) is currently 36.84%.

Insider Activity

In other news, insider Geoffrey Richards sold 62,525 shares of Travel + Leisure stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the sale, the insider directly owned 39,604 shares of the company’s stock, valued at approximately $2,580,992.68. The trade was a 61.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kimberly Marshall sold 16,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $65.00, for a total value of $1,072,500.00. Following the sale, the insider owned 40,236 shares of the company’s stock, valued at approximately $2,615,340. This trade represents a 29.08% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 198,776 shares of company stock valued at $13,080,628. 3.75% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Travel + Leisure

Several institutional investors and hedge funds have recently made changes to their positions in TNL. Norges Bank bought a new stake in shares of Travel + Leisure in the second quarter worth $50,934,000. AQR Capital Management LLC grew its holdings in Travel + Leisure by 46.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock worth $138,449,000 after acquiring an additional 855,151 shares in the last quarter. LSV Asset Management increased its position in shares of Travel + Leisure by 69.0% in the 2nd quarter. LSV Asset Management now owns 1,615,402 shares of the company’s stock worth $83,371,000 after purchasing an additional 659,293 shares during the last quarter. Truist Financial Corp acquired a new stake in shares of Travel + Leisure in the 3rd quarter valued at about $38,959,000. Finally, Jupiter Asset Management Ltd. raised its stake in shares of Travel + Leisure by 13,198.4% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 521,031 shares of the company’s stock valued at $30,996,000 after purchasing an additional 517,113 shares in the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.