Barclays Increases Travel + Leisure (NYSE:TNL) Price Target to $48.00

Travel + Leisure (NYSE:TNL) had its price target increased by investment analysts at Barclays from $41.00 to $48.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price objective indicates a potential downside of 9.28% from the company’s current price.

A number of other brokerages have also recently commented on TNL. JPMorgan Chase & Co. lifted their price objective on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday. Tigress Financial increased their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group raised their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday. Stifel Nicolaus upped their price objective on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Truist Financial upped their price objective on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.50.

Travel + Leisure Stock Down 0.3 %

NYSE:TNL traded down $0.15 during trading hours on Friday, reaching $52.91. 154,886 shares of the company’s stock were exchanged, compared to its average volume of 581,410. The business’s 50-day simple moving average is $50.99 and its two-hundred day simple moving average is $46.57. The company has a market capitalization of $3.62 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 0.78 and a beta of 1.63. Travel + Leisure has a 12 month low of $37.99 and a 12 month high of $56.91.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The business had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business earned $1.54 EPS. Travel + Leisure’s quarterly revenue was up .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Travel + Leisure will post 5.75 earnings per share for the current fiscal year.

Insider Activity at Travel + Leisure

In related news, Director George Herrera sold 2,193 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the completion of the sale, the director now directly owns 6,352 shares of the company’s stock, valued at approximately $269,832.96. This trade represents a 25.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Geoffrey Richards sold 9,400 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $56.56, for a total value of $531,664.00. Following the transaction, the insider now directly owns 111,202 shares in the company, valued at $6,289,585.12. This represents a 7.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,209 shares of company stock valued at $4,940,022 in the last three months. Corporate insiders own 4.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Advisors LLC bought a new stake in Travel + Leisure in the first quarter worth $206,000. SG Americas Securities LLC raised its stake in Travel + Leisure by 231.4% during the second quarter. SG Americas Securities LLC now owns 12,111 shares of the company’s stock valued at $545,000 after buying an additional 8,457 shares during the last quarter. Raymond James & Associates increased its stake in Travel + Leisure by 6.7% during the 2nd quarter. Raymond James & Associates now owns 36,944 shares of the company’s stock valued at $1,662,000 after purchasing an additional 2,326 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Travel + Leisure by 10.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 55,355 shares of the company’s stock worth $2,490,000 after acquiring an additional 5,400 shares during the last quarter. Finally, Family Firm Inc. bought a new stake in shares of Travel + Leisure in the 2nd quarter worth $31,000. Hedge funds and other institutional investors 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.