Wall Street Zen Downgrades Travel + Leisure (NYSE:TNL) to Hold

Key Points

• Wall Street Zen downgraded Travel + Leisure (TNL) from "buy" to "hold", amid mixed analyst actions that leave the consensus at a "Moderate Buy" with an average price target of $85.20.
• Q1 beat expectations as TNL reported $1.45 EPS vs. $1.31 est. and $961M revenue, with management reiterating guidance and committing to dividends/buybacks, though recent delinquency headlines have pressured the stock.
• Insider and institutional activity is notable: insiders sold 121,738 shares (~$9.14M) while institutions own about 87.5% of the stock, although the CFO made a small insider purchase signaling some management confidence.

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

A number of other equities research analysts also recently commented on the stock. Mizuho reduced their price objective on shares of Travel + Leisure from $107.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday. Barclays reduced their price objective on shares of Travel + Leisure from $78.00 to $74.00 and set an "equal weight" rating for the company in a research report on Thursday. Wells Fargo & Company dropped their target price on shares of Travel + Leisure from $88.00 to $87.00 and set an "overweight" rating for the company in a report on Thursday. The Goldman Sachs Group increased their target price on shares of Travel + Leisure from $71.00 to $81.00 and gave the company a "neutral" rating in a report on Thursday, February 19th. Finally, Stifel Nicolaus set a $89.00 target price on shares of Travel + Leisure in a report on Wednesday, February 18th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $85.20.

Travel + Leisure Stock Up 3.4%

Shares of NYSE:TNL opened at $67.33 on Friday. The company has a market cap of $4.20 billion, a P/E ratio of 18.91, a PEG ratio of 0.49 and a beta of 1.32. Travel + Leisure has a 52 week low of $42.58 and a 52 week high of $81.00. The company has a 50-day moving average price of $72.57 and a 200 day moving average price of $69.61.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.14. The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate of $954.81 million. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The firm's revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.11 earnings per share. Analysts expect that Travel + Leisure will post 7.46 EPS for the current year.

Insider Buying and Selling at Travel + Leisure

In other news, insider Amandine Robin-Caplan sold 3,904 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $74.61, for a total transaction of $291,277.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Herrera sold 1,748 shares of the firm's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $70.31, for a total transaction of $122,901.88. Following the transaction, the director directly owned 1,853 shares of the company's stock, valued at approximately $130,284.43. This trade represents a 48.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 121,738 shares of company stock valued at $9,136,054. Company insiders own 4.01% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in Travel + Leisure in the 4th quarter worth approximately $62,162,000. AQR Capital Management LLC grew its stake in Travel + Leisure by 46.8% in the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company's stock worth $138,449,000 after acquiring an additional 855,151 shares during the period. Truist Financial Corp purchased a new stake in Travel + Leisure in the 3rd quarter worth approximately $38,959,000. Jupiter Asset Management Ltd. grew its stake in Travel + Leisure by 13,198.4% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 521,031 shares of the company's stock worth $30,996,000 after acquiring an additional 517,113 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in Travel + Leisure by 231.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company's stock worth $41,143,000 after acquiring an additional 482,731 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Travel + Leisure

Here are the key news stories impacting Travel + Leisure this week:

• Positive Sentiment: Q1 beat — TNL posted EPS and revenue slightly above consensus, showing modest top- and bottom-line outperformance that supports near-term cash flow and dividend visibility. Read More.
• Positive Sentiment: Earnings-call tone was constructive — management reiterated guidance, emphasized underwriting strength and committed to capital returns (dividend + buybacks), which underpins longer-term shareholder support. Read More.
• Positive Sentiment: Insider purchase — CFO Erik D. Hoag bought 1,000 shares at about $65.67, a small but timely buy that signals management confidence at current levels. Read More.
• Neutral Sentiment: Analyst actions mixed — Mizuho trimmed its price target slightly but kept an outperform stance; other shops remain generally constructive, producing a range of price targets and reinforcing analyst disagreement on near-term risks vs. upside. Read More.
• Neutral Sentiment: Market deep-dive notes mixed signals — coverage highlights expansion of the multi-brand strategy and VOI strength but flags model sensitivity to credit trends, leaving markets to weigh growth vs. credit risk. Read More.
• Negative Sentiment: Delinquency headlines driving the sell-off — recent coverage calling out early-stage delinquencies in newer loan vintages appears to have triggered the bulk of today’s downside and higher volume despite analyst reassurances on underwriting and member FICO. Read More.
• Negative Sentiment: Perception vs. reality — some commentary frames the post‑earnings weakness as overblown but the narrative risk (credit headlines) is currently outweighing fundamentals in near-term trading. Read More.

Travel + Leisure Company Profile

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.

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