Travel + Leisure (NYSE:TNL) Given New $48.00 Price Target at Barclays

Travel + Leisure (NYSE:TNL - Get Free Report) had its target price raised by Barclays from $41.00 to $48.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "underweight" rating on the stock. Barclays's price target indicates a potential downside of 9.69% from the stock's current price.

A number of other equities research analysts have also recently commented on the stock. Tigress Financial increased their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Stifel Nicolaus raised their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Truist Financial upped their target price on Travel + Leisure from $60.00 to $61.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised their price target on Travel + Leisure from $56.00 to $63.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, The Goldman Sachs Group upped their price objective on Travel + Leisure from $49.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $58.50.

Travel + Leisure Trading Up 0.2 %

Shares of NYSE:TNL traded up $0.09 on Friday, reaching $53.15. 376,001 shares of the company were exchanged, compared to its average volume of 492,838. The company has a 50-day moving average of $51.12 and a 200-day moving average of $46.65. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 0.77 and a beta of 1.63. Travel + Leisure has a 1-year low of $37.99 and a 1-year high of $56.91.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The company had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business posted $1.54 earnings per share. The firm's revenue for the quarter was up .7% compared to the same quarter last year. As a group, analysts forecast that Travel + Leisure will post 5.75 earnings per share for the current year.

Insiders Place Their Bets

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of the business's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the completion of the sale, the director now owns 362,947 shares of the company's stock, valued at approximately $17,258,129.85. The trade was a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Geoffrey Richards sold 5,009 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total value of $261,269.44. Following the completion of the transaction, the insider now owns 125,209 shares in the company, valued at approximately $6,530,901.44. This trade represents a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,209 shares of company stock valued at $4,940,022. Insiders own 4.02% of the company's stock.

Institutional Trading of Travel + Leisure

A number of institutional investors and hedge funds have recently bought and sold shares of TNL. Millennium Management LLC raised its holdings in shares of Travel + Leisure by 440.7% during the 2nd quarter. Millennium Management LLC now owns 614,141 shares of the company's stock valued at $27,624,000 after buying an additional 500,554 shares during the period. Acadian Asset Management LLC lifted its position in shares of Travel + Leisure by 318.4% during 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. Algert Global LLC boosted its stake in shares of Travel + Leisure by 168.9% in the third quarter. Algert Global LLC now owns 319,279 shares of the company's stock valued at $14,712,000 after purchasing an additional 200,549 shares during the period. Point72 Asset Management L.P. acquired a new stake in Travel + Leisure during the 2nd quarter valued at $7,480,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Travel + Leisure by 21.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company's stock valued at $36,540,000 after purchasing an additional 138,153 shares in the last quarter. 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.