Travel + Leisure (NYSE:TNL) Hits New 52-Week Low – Should You Sell?

Travel + Leisure Co. (NYSE:TNL)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $39.80 and last traded at $41.01, with a volume of 542988 shares changing hands. The stock had previously closed at $42.84.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TNL. Morgan Stanley initiated coverage on Travel + Leisure in a research report on Monday, January 6th. They issued an “overweight” rating and a $67.00 target price for the company. The Goldman Sachs Group lifted their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Tigress Financial upped their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Barclays lifted their target price on shares of Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. Finally, Truist Financial boosted their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.70.

Travel + Leisure Stock Performance

The firm has a market cap of $2.73 billion, a PE ratio of 7.01, a PEG ratio of 0.67 and a beta of 1.40. The company’s 50-day simple moving average is $52.17 and its two-hundred day simple moving average is $51.02.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. During the same period in the prior year, the business posted $1.98 earnings per share. Travel + Leisure’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.56 dividend. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date was Monday, March 17th. Travel + Leisure’s dividend payout ratio (DPR) is currently 38.36%.

Insider Activity

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

Institutional Trading of Travel + Leisure

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC raised its position in shares of Travel + Leisure by 28.5% in the 3rd quarter. FMR LLC now owns 261,599 shares of the company’s stock worth $12,054,000 after acquiring an additional 58,008 shares in the last quarter. Captrust Financial Advisors purchased a new stake in Travel + Leisure in the third quarter worth $224,000. Verition Fund Management LLC raised its holdings in Travel + Leisure by 207.6% in the third quarter. Verition Fund Management LLC now owns 38,250 shares of the company’s stock worth $1,763,000 after purchasing an additional 25,815 shares in the last quarter. Janus Henderson Group PLC lifted its position in Travel + Leisure by 18.8% during the third quarter. Janus Henderson Group PLC now owns 34,730 shares of the company’s stock valued at $1,600,000 after buying an additional 5,503 shares during the period. Finally, Quarry LP bought a new stake in shares of Travel + Leisure during the 3rd quarter valued at $66,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

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.