Travel + Leisure (NYSE:TNL) Price Target Lowered to $44.00 at The Goldman Sachs Group

Travel + Leisure (NYSE:TNL - Get Free Report) had its price objective dropped by The Goldman Sachs Group from $62.00 to $44.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. The Goldman Sachs Group's price objective suggests a potential upside of 6.23% from the company's previous close.

Several other research analysts also recently commented on the company. Truist Financial boosted their target price on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Barclays lifted their price target on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. Tigress Financial boosted their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Mizuho reiterated a "neutral" rating and issued a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Finally, Morgan Stanley initiated coverage on Travel + Leisure in a research report on Monday, January 6th. They set an "overweight" rating and a $67.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $62.20.

Travel + Leisure Trading Up 1.0 %

Travel + Leisure stock traded up $0.41 during trading hours on Monday, reaching $41.42. 684,900 shares of the stock were exchanged, compared to its average volume of 624,577. The stock has a 50 day moving average of $48.81 and a two-hundred day moving average of $50.61. The company has a market cap of $2.76 billion, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. Travel + Leisure has a twelve month low of $37.77 and a twelve month high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. During the same period in the previous year, the business earned $1.98 earnings per share. The company's revenue was up 3.9% on a year-over-year basis. On average, analysts expect that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the sale, the director now directly owns 2,759 shares in the company, valued at approximately $129,121.20. This trade represents a 69.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Dean Brown acquired 2,000 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the purchase, the insider now directly owns 408,706 shares in the company, valued at $19,070,221.96. This trade represents a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.02% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its holdings in shares of Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after purchasing an additional 181 shares during the period. Cerity Partners LLC boosted its holdings in Travel + Leisure by 1.0% in the fourth quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock worth $986,000 after acquiring an additional 200 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company's stock valued at $38,000 after acquiring an additional 204 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock valued at $32,000 after acquiring an additional 210 shares in the last quarter. Finally, Capital Analysts LLC raised its position in shares of Travel + Leisure by 16.8% during the fourth quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock worth $80,000 after purchasing an additional 227 shares during the period. Institutional investors and hedge funds 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.