New York State Teachers Retirement System Sells 713 Shares of Travel + Leisure Co. (NYSE:TNL)

New York State Teachers Retirement System trimmed its position in Travel + Leisure Co. (NYSE:TNL) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,570 shares of the company’s stock after selling 713 shares during the quarter. New York State Teachers Retirement System owned 0.16% of Travel + Leisure worth $5,427,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Algert Global LLC boosted its position in Travel + Leisure by 168.9% in the third quarter. Algert Global LLC now owns 319,279 shares of the company’s stock valued at $14,712,000 after buying an additional 200,549 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Travel + Leisure by 21.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock valued at $36,540,000 after buying an additional 138,153 shares in the last quarter. Barclays PLC boosted its position in Travel + Leisure by 80.4% in the third quarter. Barclays PLC now owns 225,326 shares of the company’s stock valued at $10,383,000 after buying an additional 100,440 shares in the last quarter. FMR LLC boosted its position in Travel + Leisure by 28.5% in the third quarter. FMR LLC now owns 261,599 shares of the company’s stock valued at $12,054,000 after buying an additional 58,008 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Travel + Leisure during the third quarter worth $1,613,000. 87.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TNL. 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 report on Tuesday, December 10th. Morgan Stanley assumed coverage on shares of Travel + Leisure in a report on Monday, January 6th. They issued an “overweight” rating and a $67.00 target price on the stock. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and lifted their price target for the company from $40.00 to $60.00 in a research note on Monday, January 27th. Truist Financial boosted their target price on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Stifel Nicolaus boosted their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.00.

Travel + Leisure Stock Performance

Shares of TNL stock opened at $57.23 on Friday. Travel + Leisure Co. has a 52-week low of $39.91 and a 52-week high of $58.95. The company has a 50-day simple moving average of $53.05 and a two-hundred day simple moving average of $49.38. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 0.66 and a beta of 1.64.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $958.87 million. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.98 earnings per share. On average, sell-side analysts forecast that Travel + Leisure Co. will post 5.75 EPS for the current fiscal year.

Insider Activity at Travel + Leisure

In related news, insider Geoffrey Richards sold 9,400 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 111,202 shares in the company, valued at approximately $6,289,585.12. This represents a 7.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.02% of the stock is currently owned by corporate insiders.

Travel + Leisure 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.