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

Travel + Leisure Co. (NYSE:TNL) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $54.47 and last traded at $54.42, with a volume of 86748 shares trading hands. The stock had previously closed at $53.42.

Wall Street Analysts Forecast Growth

TNL has been the subject of a number of analyst reports. Tigress Financial raised their price objective on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Truist Financial lowered their price objective on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft dropped their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. JPMorgan Chase & Co. lifted their price objective on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Barclays increased their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. One investment 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.67.

Travel + Leisure Stock Up 0.6 %

The stock has a 50-day simple moving average of $46.37 and a 200-day simple moving average of $45.10. The firm has a market capitalization of $3.68 billion, a PE ratio of 9.24, a P/E/G ratio of 0.77 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $1.54 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Equities analysts forecast that Travel + Leisure Co. will post 5.77 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Friday, December 13th. Travel + Leisure’s dividend payout ratio is presently 33.96%.

Insider Buying and Selling at Travel + Leisure

In other news, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was 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 owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the sale, the insider now owns 24,491 shares of the company’s stock, valued at $1,024,703.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George Herrera sold 2,193 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now directly owns 6,352 shares in the company, valued at approximately $269,832.96. This represents 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 valued at $4,294,241 in the last three months. Company insiders own 4.02% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. purchased a new stake in Travel + Leisure during the 1st quarter valued at $211,000. Sei Investments Co. grew its stake in shares of Travel + Leisure by 138.4% in the first quarter. Sei Investments Co. now owns 116,671 shares of the company’s stock worth $5,712,000 after purchasing an additional 67,740 shares during the last quarter. QRG Capital Management Inc. raised its position in Travel + Leisure by 10.4% during the 1st quarter. QRG Capital Management Inc. now owns 17,573 shares of the company’s stock valued at $860,000 after purchasing an additional 1,650 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Travel + Leisure by 30.1% in the 1st quarter. Russell Investments Group Ltd. now owns 353,633 shares of the company’s stock worth $17,313,000 after buying an additional 81,817 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Travel + Leisure by 3.9% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 67,114 shares of the company’s stock worth $3,286,000 after buying an additional 2,512 shares during the last quarter. 87.54% of the stock is owned by 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.