Travel + Leisure (NYSE:TNL) Upgraded at Susquehanna

Travel + Leisure (NYSE:TNL) was upgraded by stock analysts at Susquehanna to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other brokerages also recently issued reports on TNL. Wells Fargo & Company boosted their price objective on shares of Travel + Leisure from $87.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group upgraded Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Monday, June 1st. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Barclays upped their price target on Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $87.82.

Travel + Leisure Trading Down 1.8%

TNL opened at $72.33 on Tuesday. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 0.51 and a beta of 1.17. The company’s 50 day moving average is $75.22 and its 200 day moving average is $72.09. Travel + Leisure has a 12-month low of $57.86 and a 12-month high of $81.00.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, meeting analysts’ consensus estimates of $1.88. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company earned $1.65 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, analysts predict that Travel + Leisure will post 7.68 EPS for the current fiscal year.

Insider Activity at Travel + Leisure

In related news, Director George Herrera sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total value of $37,580.00. Following the transaction, the director directly owned 1,353 shares of the company’s stock, valued at approximately $101,691.48. The trade was a 26.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Geoffrey Richards sold 33,744 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $75.65, for a total value of $2,552,733.60. Following the completion of the transaction, the insider owned 1,600 shares of the company’s stock, valued at $121,040. The trade was a 95.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 95,135 shares of company stock valued at $7,022,699. 4.01% of the stock is owned by company insiders.

Hedge Funds Weigh In On Travel + Leisure

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Travel + Leisure in the 2nd quarter worth $543,957,000. Invesco Ltd. grew its position in shares of Travel + Leisure by 4.2% during the fourth quarter. Invesco Ltd. now owns 3,632,657 shares of the company’s stock valued at $256,211,000 after purchasing an additional 146,484 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Travel + Leisure by 46.8% during the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after purchasing an additional 855,151 shares in the last quarter. LSV Asset Management increased its holdings in shares of Travel + Leisure by 1.1% in the fourth quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock worth $113,741,000 after purchasing an additional 17,377 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of Travel + Leisure by 21.7% in the first quarter. Quantinno Capital Management LP now owns 1,305,515 shares of the company’s stock worth $90,329,000 after purchasing an additional 232,711 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

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.