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Travel + Leisure (NYSE:TNL – Get Rating ) will announce its earnings results before the market opens on Wednesday, February 22nd. Analysts expect that the company will post earnings of $1.23 per share for the quarter. Investors wishing to register for the Company’s conference call may register using this link.
Performance of travel + leisure stock
Shares of Travel + Leisure stock opened at $43.27 on Wednesday. The company has a market capitalization of $3.52 billion, a P/E ratio of 9.95 and a beta of 1.68. The company has a fifty day moving average of $39.29 and a 200 day moving average of $39.78. Travel + Leisure has a fifty-two week low of $33.57 and a fifty-two week high of $63.19.
Analyst improvements and improvements
Several research analysts have commented on the stock. Barclays dropped their price objective on shares of Travel + Leisure to $43.00 in a report on Tuesday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Travel + Leisure from $69.00 to $62.00 in a report on Friday, October 28th. Jefferies Financial Group downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating and decreased their price objective for the company from $71.00 to $49.00 in a report on Friday, February 3rd. Credit Suisse Group downgraded shares of Travel + Leisure from an “outperform” rating to an “underperform” rating in a report on Friday, October 28th. Finally, Trust Financial dropped their price objective on shares of Travel + Leisure from $72.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, November 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Travel + Leisure has an average rating of “Hold” and an average target price of 55.00, according to data from MarketBeat.
Insider buying and selling
In other news, Director Jorge Herrera sold 882 shares of the company’s stock in a transaction that occurred on Tuesday, December 13th. The shares traded at an average price of $38.58, with a total transaction of $34,027.56. Following the transaction, the director now directly owns 40,320 shares of the company’s stock, worth $1,555,545.60. The sale was disclosed in an SEC filing via this link. 2.07% of the stock is currently owned by corporate insiders.
Hedge funds weigh in on travel + entertainment.
A number of institutional investors have recently modified their holdings of TNL. Cetera Advisor Networks LLC increased its holdings in Travel + Leisure by 3.7% in the first quarter. Cetera Advisor Networks LLC now owns 6,652 shares of the company’s stock valued at $385,000 after purchasing an additional 235 shares during the period. MetLife Investment Management LLC increased its holdings in Travel + Leisure by 39.4% in the first quarter. MetLife Investment Management LLC now owns 58,299 shares of the company’s stock valued at $3,378,000 after buying an additional 16,478 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its Travel + Leisure position by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,627 shares of the company’s stock valued at $1,832,000 after purchasing an additional 3,015 shares during the period. BlackRock Inc. increased its holdings in Travel + Leisure by 13.9%. BlackRock Inc. now owns 9,806,796 shares of the company’s stock valued at $568,206,000 after purchasing an additional 1,197,611 shares during the period. Finally, UCIF Capital Management LLC increased its holdings in Travel + Leisure by 1.7% in the first quarter. UCIF Capital Management LLC now owns 47,819 shares of the company’s stock valued at $2,771,000 after buying an additional 819 shares during the period. 88.54% of the stock is owned by hedge funds and other institutional investors.
About travel + entertainment
(get rank)
Travel + Leisure Co is a membership and leisure travel company with a portfolio of approximately 20 resort, travel club and lifestyle travel brands. It provides vacation experiences and travel inspiration to owners, members and subscribers through its products and services: Wyndham Destinations, a vacation ownership company with 230 Vacation Club resorts worldwide, Panorama, a membership travel business that includes a vacation exchange company, industry travel technology, and subscription travel. Brands, and Travel + Leisure Group, features online and print travel content, online booking platforms and travel clubs, and branded consumer products.
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