Travel + Leisure (NYSE:TNL) Hits New 52-Week High – Time to Buy?

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

Analyst Ratings Changes

TNL has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on 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 boosted their price objective on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group boosted their price target on shares of 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. boosted their target price on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Tigress Financial lifted their price target on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Travel + Leisure currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.55.

Travel + Leisure Stock Up 3.4 %

The business has a 50-day simple moving average of $52.69 and a 200-day simple moving average of $48.59. The stock has a market cap of $3.91 billion, a P/E ratio of 9.71, a PEG ratio of 0.63 and a beta of 1.64.

Insiders Place Their Bets

In related news, insider Geoffrey Richards sold 9,400 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $56.56, for a total transaction of $531,664.00. Following the completion of the transaction, the insider now directly owns 111,202 shares in the company, valued at $6,289,585.12. This represents a 7.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.02% of the company’s stock.

Institutional Investors Weigh In On Travel + Leisure

A number of institutional investors have recently bought and sold shares of TNL. UMB Bank n.a. raised its holdings in shares of Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after buying an additional 526 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Travel + Leisure during the fourth quarter worth $25,000. Versant Capital Management Inc lifted its holdings in shares of Travel + Leisure by 49.2% during the fourth 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 boosted its stake in shares of 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 in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Travel + Leisure by 30.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock worth $39,000 after purchasing an additional 181 shares during 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.