Travel + Leisure (NYSE:TNL) Reaches New 1-Year High - Should You Buy?

Key Points

• Travel + Leisure Co. (NYSE:TNL) achieved a new 52-week high, trading at $63.31 during mid-day before closing at $62.69.
• Recent analyst ratings reflect mixed sentiments, with a majority giving the stock a "buy" rating, while Morgan Stanley lowered its price target significantly from $61.00 to $52.00.
• The company reported a quarterly EPS of $1.65, slightly below estimates, with a revenue of $1.02 billion, marking a year-over-year growth of 3.4%.

Travel + Leisure Co. (NYSE:TNL - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $63.31 and last traded at $62.69, with a volume of 62696 shares traded. The stock had previously closed at $62.95.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Barclays raised their price target on Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a research report on Thursday, July 24th. Mizuho raised Travel + Leisure from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $63.00 to $72.00 in a research report on Thursday, July 24th. Wall Street Zen raised Travel + Leisure from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Morgan Stanley decreased their price objective on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, JMP Securities increased their price objective on Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Travel + Leisure presently has an average rating of "Moderate Buy" and an average price target of $62.30.

Travel + Leisure Stock Down 1.4%

The stock has a 50 day simple moving average of $53.68 and a two-hundred day simple moving average of $50.91. The stock has a market capitalization of $3.79 billion, a P/E ratio of 10.07, a P/E/G ratio of 0.57 and a beta of 1.43.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the business earned $1.52 earnings per share. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. Sell-side analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, June 13th. Travel + Leisure's dividend payout ratio (DPR) is presently 38.62%.

Insider Buying and Selling

In other news, insider Michael Dean Brown purchased 1,500 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of $58.39 per share, with a total value of $87,585.00. Following the acquisition, the insider owned 427,821 shares in the company, valued at approximately $24,980,468.19. This trade represents a 0.35% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Michael Duncan sold 8,201 shares of Travel + Leisure stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $62.24, for a total value of $510,430.24. Following the sale, the chief accounting officer directly owned 20,000 shares of the company's stock, valued at approximately $1,244,800. The trade was a 29.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 323,474 shares of company stock valued at $19,908,918. Insiders own 3.75% of the company's stock.

Institutional Trading of Travel + Leisure

Several hedge funds have recently added to or reduced their stakes in TNL. Elequin Capital LP acquired a new position in Travel + Leisure in the 1st quarter valued at $30,000. Natixis acquired a new position in Travel + Leisure in the 4th quarter valued at $37,000. Geneos Wealth Management Inc. raised its holdings in Travel + Leisure by 293.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company's stock valued at $44,000 after acquiring an additional 715 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Travel + Leisure in the 2nd quarter valued at $45,000. Finally, UMB Bank n.a. raised its holdings in Travel + Leisure by 54.0% in the 1st quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock valued at $54,000 after acquiring an additional 409 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

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.