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

Shares of Travel + Leisure Co. (NYSE:TNL) hit a new 52-week high during trading on Thursday . The company traded as high as $71.20 and last traded at $71.2010, with a volume of 83520 shares trading hands. The stock had previously closed at $69.64.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wells Fargo & Company began coverage on Travel + Leisure in a report on Tuesday, November 18th. They set an “overweight” rating and a $74.00 target price for the company. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, October 23rd. JMP Securities increased their target price on Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 23rd. Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Morgan Stanley set a $68.00 price target on shares of Travel + Leisure in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.60.

Travel + Leisure Price Performance

The stock has a market cap of $4.63 billion, a P/E ratio of 11.83, a PEG ratio of 0.59 and a beta of 1.39. The company has a fifty day moving average of $63.97 and a 200 day moving average of $59.49.

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

Travel + Leisure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, December 12th. Travel + Leisure’s dividend payout ratio is presently 36.84%.

Insider Buying and Selling at Travel + Leisure

In related news, insider Amandine Robin-Caplan sold 1,538 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $65.08, for a total value of $100,093.04. Following the sale, the insider directly owned 3,904 shares in the company, valued at $254,072.32. The trade was a 28.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Geoffrey Richards sold 62,525 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $65.17, for a total value 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. This represents a 61.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 198,776 shares of company stock worth $13,080,628. Company insiders own 3.75% of the company’s stock.

Institutional Trading of Travel + Leisure

Hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its position in Travel + Leisure by 8.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company’s stock valued at $46,039,000 after buying an additional 79,430 shares during the period. HighTower Advisors LLC raised its position in shares of Travel + Leisure by 314.4% during the first quarter. HighTower Advisors LLC now owns 41,369 shares of the company’s stock valued at $1,915,000 after buying an additional 31,387 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Travel + Leisure by 362.0% in the first quarter. Voya Investment Management LLC now owns 175,221 shares of the company’s stock worth $8,111,000 after buying an additional 137,295 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Travel + Leisure by 2,704.3% in the second quarter. Farther Finance Advisors LLC now owns 1,963 shares of the company’s stock valued at $101,000 after purchasing an additional 1,893 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Travel + Leisure in the 1st quarter worth $2,717,000. 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.