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

Key Points

• Travel + Leisure has been downgraded from a "buy" to a "hold" rating by analysts at Wall Street Zen, indicating a less favorable outlook on the stock.
• Despite the downgrade, various analysts have raised their price targets for the stock, with JMP Securities and Mizuho setting targets at $70 and $72 respectively, reflecting differing opinions on its potential value.
• Insider trading has been notable, with significant share sales by directors, signaling potential concerns about the company's future performance, as insiders have sold 299,389 shares worth over $18 million in the last ninety days.

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

Several other equities research analysts also recently weighed in on TNL. JMP Securities increased their price target on Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a report on Thursday, July 24th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Travel + Leisure in a research report on Wednesday, October 8th. Barclays increased their target price on Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a research note on Thursday, July 24th. Finally, Mizuho raised shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $63.00 to $72.00 in a research note on Thursday, July 24th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Travel + Leisure has an average rating of "Moderate Buy" and an average target price of $62.30.

Travel + Leisure Trading Up 0.1%

Travel + Leisure stock opened at $60.05 on Friday. Travel + Leisure has a 12-month low of $37.77 and a 12-month high of $64.11. The firm has a 50-day moving average price of $61.06 and a 200-day moving average price of $54.02. The firm has a market capitalization of $3.90 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 0.58 and a beta of 1.47.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.01). The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.52 earnings per share. As a group, sell-side analysts predict that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Travel + Leisure

In other news, Director George Herrera sold 2,200 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $60.48, for a total transaction of $133,056.00. Following the transaction, the director owned 559 shares in the company, valued at approximately $33,808.32. This trade represents a 79.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Geoffrey Richards sold 124,454 shares of the company's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $62.56, for a total transaction of $7,785,842.24. Following the completion of the sale, the insider directly owned 118,718 shares of the company's stock, valued at approximately $7,426,998.08. This trade represents a 51.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 299,389 shares of company stock worth $18,567,207. Insiders own 3.75% of the company's stock.

Hedge Funds Weigh In On Travel + Leisure

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hillsdale Investment Management Inc. bought a new position in Travel + Leisure in the second quarter worth approximately $27,000. Parkside Financial Bank & Trust increased its holdings in shares of 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 acquiring an additional 382 shares during the period. Elequin Capital LP bought a new position in shares of Travel + Leisure in the 1st quarter worth $30,000. DekaBank Deutsche Girozentrale bought a new position in shares of Travel + Leisure in the 2nd quarter worth $45,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company's stock worth $44,000 after purchasing an additional 715 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

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.

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