Highlight
- Institutional investors show mixed activity with Travel + Leisure shares.
- Analysts have recently adjusted their ratings, with some optimism for the stock.
- Recent earnings surpassed expectations, showcasing revenue growth.
Major institutional investors, including the State of New Jersey Common Pension Fund D, have adjusted their positions in Travel + Leisure Co. (NYSE:TNL). During the fourth quarter, the fund reduced its stake by 12.4%, now holding 39,908 shares valued at $2,013,000. Meanwhile, other institutional investors such as Versant Capital Management Inc, MassMutual Private Wealth & Trust FSB, and UMB Bank n.a. have increased their holdings significantly in the same timeframe.
Analyst Ratings and Price Targets
Travel + Leisure has been the focus of various analyst reports, reflecting a range of sentiments. Bank of America raised its rating from "underperform" to "buy," adjusting its price target from $40.00 to $60.00, signaling confidence in the company's potential. Barclays, Mizuho, and The Goldman Sachs Group have also adjusted their forecasts, contributing to a consensus rating of “Moderate Buy” with a target price averaging $62.00.
Financial Performance and Outlook
The company’s shares opened at $55.25 recently, with a market capitalization of $3.69 billion. Notably, Travel + Leisure posted robust fourth-quarter earnings, reporting $1.72 per share and exceeding estimates. The quarter’s revenue reached $971 million, reflecting a 3.9% increase from the previous year.
Travel + Leisure Co., a prominent provider of hospitality services and travel products, operates primarily through two segments: Vacation Ownership and Travel and Membership. The Vacation Ownership segment focuses on marketing and selling vacation ownership interests, alongside property management services. The company’s strategic focus on expanding its consumer base continues to shape its market footprint.