Travel + Leisure (NYSE:TNL) Lowered to Hold Rating by Wall Street Zen

Key Points

• Travel + Leisure has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, amidst mixed evaluations from other analysts which vary from "market outperform" to "underweight".
• The company's stock has a current consensus rating of "Moderate Buy" with a price target set at $62.30, following its recent quarterly earnings report that showed a slight decline in earnings per share compared to estimates.
• Significant insider activity was noted, including an acquisition of 1,500 shares by insider Michael Dean Brown and an 8,201 shares sale by CAO Thomas Michael Duncan, reflecting diverse sentiment among company executives.

Travel + Leisure (NYSE:TNL - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

A number of other analysts have also recently commented on the stock. Barclays upped their price target on shares of Travel + Leisure from $39.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, July 24th. JMP Securities raised their target price on Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 24th. Finally, Mizuho raised Travel + Leisure from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $63.00 to $72.00 in a research note on Thursday, July 24th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Travel + Leisure has a consensus rating of "Moderate Buy" and a consensus price target of $62.30.

Travel + Leisure Trading Down 0.5%

Travel + Leisure stock traded down $0.34 during mid-day trading on Friday, reaching $61.83. The company had a trading volume of 62,944 shares, compared to its average volume of 693,079. The business has a fifty day simple moving average of $57.69 and a 200 day simple moving average of $51.67. The company has a market cap of $4.01 billion, a P/E ratio of 10.66, a P/E/G ratio of 0.59 and a beta of 1.43. Travel + Leisure has a fifty-two week low of $37.77 and a fifty-two week high of $63.31.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.01). Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company earned $1.52 EPS. The business's quarterly revenue was up 3.4% compared to the same quarter last year. Research analysts forecast that Travel + Leisure will post 6.46 EPS for the current year.

Insider Activity

In other news, insider Geoffrey Richards sold 124,454 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $62.56, for a total value of $7,785,842.24. Following the transaction, the insider owned 118,718 shares in the company, valued at $7,426,998.08. The trade was a 51.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Dean Brown acquired 1,500 shares of Travel + Leisure stock in a transaction on Friday, August 1st. The stock was acquired at an average price of $58.39 per share, with a total value of $87,585.00. Following the purchase, the insider directly owned 427,821 shares in the company, valued at approximately $24,980,468.19. This trade represents a 0.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 320,174 shares of company stock worth $19,765,874. Company insiders own 3.75% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hohimer Wealth Management LLC purchased a new position in Travel + Leisure in the 2nd quarter valued at approximately $207,000. Nomura Holdings Inc. bought a new position in shares of Travel + Leisure in the second quarter worth $1,806,000. Geneos Wealth Management Inc. grew its position in shares of Travel + Leisure by 19.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company's stock valued at $59,000 after purchasing an additional 189 shares in the last quarter. Evergreen Capital Management LLC bought a new stake in shares of Travel + Leisure during the 2nd quarter valued at $301,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Travel + Leisure by 18.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,944 shares of the company's stock valued at $307,000 after purchasing an additional 940 shares during the period. Institutional investors own 87.54% of the company's stock.

About Travel + Leisure

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.