Travel + Leisure (NYSE:TNL) Shares Gap Up - Should You Buy?

Travel + Leisure Co. (NYSE:TNL - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $45.44, but opened at $47.25. Travel + Leisure shares last traded at $48.58, with a volume of 132,843 shares.

Analyst Ratings Changes

Several analysts have recently issued reports on TNL shares. JPMorgan Chase & Co. upped their target price on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, July 25th. The Goldman Sachs Group initiated coverage on shares of Travel + Leisure in a research report on Wednesday, September 18th. They set a "neutral" rating and a $44.00 target price on the stock. Tigress Financial upped their target price on Travel + Leisure from $54.00 to $58.00 and gave the company a "buy" rating in a report on Monday, July 29th. Finally, Truist Financial dropped their price target on Travel + Leisure from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Travel + Leisure presently has an average rating of "Moderate Buy" and an average price target of $54.33.

Travel + Leisure Stock Up 4.0 %

The company has a 50-day moving average price of $44.37 and a two-hundred day moving average price of $44.58. The company has a market capitalization of $3.37 billion, a PE ratio of 8.72, a PEG ratio of 0.64 and a beta of 1.62.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.13. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The company had revenue of $985.00 million during the quarter, compared to analyst estimates of $987.20 million. During the same period last year, the business earned $1.33 earnings per share. Travel + Leisure's revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts anticipate that Travel + Leisure Co. will post 5.67 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.50 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.23%. Travel + Leisure's dividend payout ratio (DPR) is presently 36.83%.

Insider Buying and Selling

In other news, Director George Herrera sold 2,193 shares of the business's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the completion of the transaction, the director now owns 6,352 shares of the company's stock, valued at approximately $269,832.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Amandine Robin-Caplan sold 3,246 shares of the company's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the sale, the insider now directly owns 24,491 shares in the company, valued at $1,024,703.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the sale, the director now owns 6,352 shares in the company, valued at approximately $269,832.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.02% of the stock is owned by company insiders.

Institutional Trading of Travel + Leisure

Hedge funds and other institutional investors have recently modified their holdings of the business. Swedbank AB purchased a new position in Travel + Leisure during the first quarter valued at $33,598,000. Millennium Management LLC lifted its holdings in shares of Travel + Leisure by 440.7% in the 2nd quarter. Millennium Management LLC now owns 614,141 shares of the company's stock worth $27,624,000 after acquiring an additional 500,554 shares during the last quarter. Vanguard Group Inc. increased its stake in Travel + Leisure by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company's stock worth $419,136,000 after purchasing an additional 466,640 shares during the period. Acadian Asset Management LLC grew its stake in Travel + Leisure by 318.4% in the second quarter. Acadian Asset Management LLC now owns 405,252 shares of the company's stock worth $18,217,000 after purchasing an additional 308,391 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Travel + Leisure in the 2nd quarter worth approximately $7,480,000. 87.54% of the stock is owned by hedge funds and other 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.