State of New Jersey Common Pension Fund D Has $2.01 Million Holdings in Travel + Leisure Co. (NYSE:TNL)

State of New Jersey Common Pension Fund D trimmed its position in shares of Travel + Leisure Co. (NYSE:TNL) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,908 shares of the company’s stock after selling 5,650 shares during the period. State of New Jersey Common Pension Fund D owned 0.06% of Travel + Leisure worth $2,013,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TNL. Versant Capital Management Inc increased its stake in shares of Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after purchasing an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Travel + Leisure by 314.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after purchasing an additional 503 shares during the period. UMB Bank n.a. increased its position in Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after buying an additional 204 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Travel + Leisure in the third quarter valued at approximately $43,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Travel + Leisure during the 3rd quarter worth approximately $44,000. 87.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

TNL has been the topic of a number of research analyst reports. Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and increased their price target for the company from $40.00 to $60.00 in a research note on Monday, January 27th. 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 report on Thursday. Mizuho reissued a “neutral” rating and issued a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a report on Thursday. The Goldman Sachs Group boosted their price objective on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Truist Financial increased their target price on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $62.00.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $55.25 on Monday. The business has a fifty day moving average price of $53.09 and a two-hundred day moving average price of $49.59. The stock has a market capitalization of $3.69 billion, a PE ratio of 9.46, a P/E/G ratio of 0.67 and a beta of 1.64. Travel + Leisure Co. has a fifty-two week low of $39.91 and a fifty-two week high of $58.95.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. The business had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. Travel + Leisure’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.98 earnings per share. On average, equities analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current year.

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.