Travel + Leisure (NYSE:TNL) Given New $48.00 Price Target at Barclays

Travel + Leisure (NYSE:TNL) had its price target lifted by equities research analysts at Barclays from $41.00 to $48.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s target price points to a potential downside of 9.28% from the company’s previous close.

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

Travel + Leisure Trading Down 0.3 %

Shares of TNL stock traded down $0.15 during mid-day trading on Friday, reaching $52.91. The stock had a trading volume of 154,886 shares, compared to its average volume of 581,410. The company has a market cap 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. The business has a 50-day simple moving average of $50.99 and a 200 day simple moving average of $46.57. Travel + Leisure has a 12-month low of $37.99 and a 12-month high of $56.91.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The company 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 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. Research analysts anticipate that Travel + Leisure will post 5.75 EPS for the current year.

Insiders Place Their Bets

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the completion of the transaction, the director now owns 362,947 shares of the company’s stock, valued at $17,258,129.85. This represents a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now owns 6,352 shares in the company, valued at approximately $269,832.96. This represents a 25.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,209 shares of company stock valued at $4,940,022. Insiders own 4.02% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

Several institutional investors and hedge funds have recently modified their holdings of the company. Millennium Management LLC grew its position in shares of Travel + Leisure by 440.7% in the 2nd quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock valued at $27,624,000 after buying an additional 500,554 shares during the last quarter. Acadian Asset Management LLC grew its stake in Travel + Leisure by 318.4% in the 2nd quarter. Acadian Asset Management LLC now owns 405,252 shares of the company’s stock worth $18,217,000 after acquiring an additional 308,391 shares during the period. Algert Global LLC grew its stake in shares of Travel + Leisure by 168.9% during the 3rd quarter. Algert Global LLC now owns 319,279 shares of the company’s stock valued at $14,712,000 after buying an additional 200,549 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Travel + Leisure in the second quarter worth $7,480,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Travel + Leisure by 21.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock worth $36,540,000 after purchasing an additional 138,153 shares in the last quarter. 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.