Travel + Leisure (NYSE:TNL) Shares Break Above 50 Day Moving Average – Time to Sell?

Travel + Leisure Co. (NYSE:TNL)’s stock price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $65.91 and traded as high as $67.24. Travel + Leisure shares last traded at $67.0190, with a volume of 1,290,279 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TNL shares. Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a research note on Thursday, July 23rd. Morgan Stanley reissued an “overweight” rating and issued a $86.00 target price on shares of Travel + Leisure in a research note on Thursday, October 22nd. Zacks Research lowered shares of Travel + Leisure from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd. Wells Fargo & Company reduced their target price on shares of Travel + Leisure from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Travel + Leisure from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.25.

Travel + Leisure Price Performance

The company’s 50-day moving average is $65.80 and its 200-day moving average is $70.50. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 0.67 and a beta of 1.19.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.05 by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Travel + Leisure had a net margin of 5.66% and a negative return on equity of 46.63%. Travel + Leisure’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.80 earnings per share. Sell-side analysts anticipate that Travel + Leisure Co. will post 7.71 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $2.40 annualized dividend and a dividend yield of 3.4%. Travel + Leisure’s payout ratio is currently 65.57%.

Insider Activity at Travel + Leisure

In related news, CAO Thomas Michael Duncan sold 20,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $74.16, for a total value of $1,483,200.00. Following the transaction, the chief accounting officer directly owned 5,307 shares of the company’s stock, valued at approximately $393,567.12. This trade represents a 79.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.01% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TNL. Childress Capital Advisors LLC acquired a new stake in Travel + Leisure during the 3rd quarter valued at $360,000. Victory Financial Group LLC purchased a new stake in Travel + Leisure during the 3rd quarter worth $686,000. Signaturefd LLC increased its stake in Travel + Leisure by 53.8% during the 3rd quarter. Signaturefd LLC now owns 1,666 shares of the company’s stock worth $103,000 after buying an additional 583 shares during the period. Iridian Asset Management LLC CT lifted its holdings in Travel + Leisure by 1.0% in the 3rd quarter. Iridian Asset Management LLC CT now owns 198,075 shares of the company’s stock worth $12,255,000 after buying an additional 1,873 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in Travel + Leisure by 4.1% in the 3rd quarter. Sterling Capital Management LLC now owns 31,318 shares of the company’s stock worth $1,938,000 after buying an additional 1,238 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE:TNL) is a hospitality and leisure travel company that operates vacation ownership, exchange, and membership businesses. The company provides travelers with access to resort accommodations, vacation experiences, travel services, and related lifestyle offerings through a portfolio of consumer brands.

Its vacation ownership business includes brands such as Club Wyndham, WorldMark by Wyndham, and Margaritaville Vacation Club, offering members interests in vacation properties and access to resort destinations.