Travel + Leisure (NYSE:TNL) Sets New 12-Month High – Should You Buy?

Travel + Leisure Co. (NYSE:TNL)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $73.43 and last traded at $72.9540, with a volume of 525863 shares trading hands. The stock had previously closed at $72.06.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TNL shares. Mizuho set a $86.00 target price on Travel + Leisure in a report on Wednesday, October 22nd. Citigroup reiterated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, October 23rd. The Goldman Sachs Group increased their target price on shares of Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Travel + Leisure in a report on Wednesday, October 8th. Finally, Barclays set a $70.00 price objective on shares of Travel + Leisure and gave the company an “equal weight” rating in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Travel + Leisure currently has an average rating of “Moderate Buy” and an average price target of $72.22.

Travel + Leisure Trading Up 0.6%

The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 0.63 and a beta of 1.39. The firm’s 50-day moving average is $66.22 and its 200-day moving average is $61.09.

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

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a dividend of $0.56 per share. 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 payout ratio is currently 36.84%.

Insider Buying and Selling

In related news, insider Geoffrey Richards sold 62,525 shares of Travel + Leisure stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the transaction, the insider owned 39,604 shares of the company’s stock, valued at $2,580,992.68. The trade was a 61.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Myers sold 50,000 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $66.38, for a total value of $3,319,000.00. Following the completion of the sale, the insider directly owned 63,789 shares of the company’s stock, valued at $4,234,313.82. The trade was a 43.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 198,776 shares of company stock worth $13,080,628 over the last three months. Company insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. purchased a new stake in Travel + Leisure in the 2nd quarter valued at about $27,000. Danske Bank A S purchased a new position in Travel + Leisure in the third quarter worth $30,000. Parkside Financial Bank & Trust grew its stake in Travel + Leisure by 155.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock valued at $32,000 after purchasing an additional 382 shares during the period. CNB Bank purchased a new stake in shares of Travel + Leisure during the 3rd quarter valued at $32,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Travel + Leisure by 293.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.