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

Travel + Leisure Co. (NYSE:TNL)’s stock price hit a new 52-week high during mid-day 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.

Wall Street Analysts Forecast Growth

TNL has been the topic of a number of research analyst reports. JMP Securities boosted their price target on Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 23rd. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Wells Fargo & Company started coverage on shares of Travel + Leisure in a report on Tuesday, November 18th. They issued an “overweight” rating and a $74.00 price target for the company. Citigroup reissued an “outperform” rating on shares of Travel + Leisure in a report on Thursday, October 23rd. Finally, Morgan Stanley set a $68.00 target price on Travel + Leisure in a research note on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Travel + Leisure currently has a consensus rating of “Moderate Buy” and an average target price of $72.22.

Travel + Leisure Trading Up 1.2%

The firm has a market capitalization of $4.69 billion, a PE ratio of 12.00, a P/E/G ratio of 0.63 and a beta of 1.39. The firm’s fifty day moving average price is $65.75 and its 200 day moving average price is $60.86.

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

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, December 12th. Travel + Leisure’s dividend payout ratio (DPR) is 36.84%.

Insider Buying and Selling

In other Travel + Leisure news, insider Jeffrey Myers sold 50,000 shares of Travel + Leisure 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 transaction, the insider owned 63,789 shares of the company’s stock, valued at approximately $4,234,313.82. The trade was a 43.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kimberly Marshall sold 16,500 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $65.00, for a total transaction of $1,072,500.00. Following the completion of the sale, the insider directly owned 40,236 shares of the company’s stock, valued at approximately $2,615,340. The trade was a 29.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 198,776 shares of company stock valued at $13,080,628 in the last ninety days. Insiders own 3.75% of the company’s stock.

Institutional Trading of Travel + Leisure

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Danske Bank A S purchased a new position in Travel + Leisure in the 3rd quarter valued at about $30,000. Hillsdale Investment Management Inc. acquired a new position in shares of Travel + Leisure during the second quarter valued at approximately $27,000. CNB Bank purchased a new position in shares of Travel + Leisure in the third quarter valued at approximately $32,000. Parkside Financial Bank & Trust boosted its stake in shares of Travel + Leisure by 155.3% in the second quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock worth $32,000 after acquiring an additional 382 shares during the last quarter. Finally, CENTRAL TRUST Co increased its holdings in shares of Travel + Leisure by 181.5% in the third quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock valued at $47,000 after purchasing an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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.