Travel + Leisure (NYSE:TNL) Reaches New 52-Week High – Here’s What Happened

Travel + Leisure Co. (NYSE:TNL) shares hit a new 52-week high during trading on Thursday . The company traded as high as $56.95 and last traded at $56.93, with a volume of 163146 shares. The stock had previously closed at $55.36.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TNL. The Goldman Sachs Group raised their target price on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. lifted their price objective on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Stifel Nicolaus raised their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Barclays upped their price objective on shares of Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research report on Friday, December 13th. Finally, Morgan Stanley assumed coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They set an “overweight” rating and a $67.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.55.

Travel + Leisure Price Performance

The firm has a fifty day simple moving average of $52.74 and a two-hundred day simple moving average of $48.71. The firm has a market capitalization of $3.85 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 0.66 and a beta of 1.64.

Insider Buying and Selling

In other Travel + Leisure news, insider Geoffrey Richards sold 4,607 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total transaction of $249,929.75. Following the sale, the insider now owns 120,602 shares of the company’s stock, valued at $6,542,658.50. The trade was a 3.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Travel + Leisure

Hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. lifted its holdings in Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 526 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Travel + Leisure during the 4th quarter worth approximately $25,000. Versant Capital Management Inc lifted its stake in Travel + Leisure by 49.2% in the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after purchasing an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Travel + Leisure by 314.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after purchasing an additional 503 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after purchasing an additional 181 shares in the last quarter. 87.54% of the stock is currently 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.