Travel + Leisure (NYSE:TNL) Given New $54.00 Price Target at Barclays

Travel + Leisure (NYSE:TNL - Free Report) had its price objective increased by Barclays from $48.00 to $54.00 in a research note published on Thursday morning,Benzinga reports. Barclays currently has an underweight rating on the stock.

Several other equities analysts have also commented on the company. Morgan Stanley started coverage on Travel + Leisure in a report on Monday, January 6th. They issued an "overweight" rating and a $67.00 target price on the stock. Tigress Financial increased their target price on Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a report on Friday, November 1st. Mizuho reissued a "neutral" rating and issued a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a report on Thursday. Truist Financial increased their target price on Travel + Leisure from $60.00 to $61.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. increased their target price on Travel + Leisure from $56.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $62.00.

Travel + Leisure Price Performance

Shares of NYSE TNL traded down $1.87 during mid-day trading on Thursday, hitting $55.25. The company had a trading volume of 627,020 shares, compared to its average volume of 541,015. The company has a market capitalization of $3.78 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. Travel + Leisure has a 1-year low of $39.91 and a 1-year high of $58.95. The business's 50-day simple moving average is $53.09 and its 200 day simple moving average is $49.48.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.68 by $0.04. The firm had revenue of $971.00 million for the quarter, compared to analyst estimates of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. Travel + Leisure's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.98 earnings per share. On average, analysts expect that Travel + Leisure will post 6.5 EPS for the current year.

Insiders Place Their Bets

In related news, insider Geoffrey Richards sold 9,400 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.56, for a total transaction of $531,664.00. Following the transaction, the insider now owns 111,202 shares of the company's stock, valued at $6,289,585.12. This trade represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 4.02% of the company's stock.

Hedge Funds Weigh In On Travel + Leisure

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp purchased a new position in shares of Travel + Leisure during the fourth quarter worth about $25,000. Versant Capital Management Inc lifted its position in shares of Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock valued at $32,000 after acquiring an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Travel + Leisure by 314.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock valued at $33,000 after acquiring an additional 503 shares during the period. Natixis acquired a new stake in shares of Travel + Leisure during the 4th quarter valued at approximately $37,000. Finally, UMB Bank n.a. lifted its position in shares of Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock valued at $38,000 after acquiring an additional 204 shares during the period. Hedge funds and other institutional investors 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.