This trade activity should not be overlooked: Travel + Leisure Co. (TNL)

Travel + Leisure Co. (NYSE: TNL) stock jumped 1.27% on Thursday to $37.36 against a previous-day closing price of $36.89. With 0.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.76 million shares. During the session, the Travel Services company that operates in wider Consumer Cyclical sector, reached to the highest price of $37.49 whereas the lowest price it dropped to was $36.83. The 52-week range on TNL shows that it touched its highest point at $52.46 and its lowest point at $33.57 during that stretch. It currently has a 1-year price target of $50.62. With its current market cap of 2.94 billion, TNL has annualized dividend of $1.70 while the current yield stands at 4.55%. Beta for the stock currently stands at 1.69.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TNL was down-trending over the past week, with a drop of -1.61%, but this was down by -0.98% over a month. Three-month performance dropped to -10.66% while six-month performance fell -2.07%. The stock lost -18.57% in the past year, while it has gained 2.64% so far this year. A look at the trailing 12-month EPS for TNL yields 4.48 with Next year EPS estimates of 6.15. For the next quarter, that number is 1.40. This implies an EPS growth rate of 17.90% for this year and 12.07% for next year. EPS is expected to grow by 17.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 13.00%.

Float and Shares Shorts:

At present, 77.50 million TNL shares are outstanding with a float of 75.12 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.44 million, which was 4.52% higher than short shares on Mar 30, 2023. In addition to Mr. Michael D. Brown as the firm’s CEO, Pres & Director, Mr. Michael A. Hug serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 97.14% of TNL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 47.02% of TNL, in contrast to 45.46% held by mutual funds. Shares owned by individuals account for 3.04%. As the largest shareholder in TNL with 13.13% of the stake, The Vanguard Group, Inc. holds 10,017,425 shares worth 10,017,425. A second-largest stockholder of TNL, BlackRock Fund Advisors, holds 8,127,398 shares, controlling over 10.65% of the firm’s shares. GMT Capital Corp. is the third largest shareholder in TNL, holding 4,308,241 shares or 5.65% stake. With a 3.32% stake in TNL, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 2,536,392 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.99% of TNL stock, is the second-largest Mutual Fund holder. It holds 2,281,183 shares valued at 87.3 million. Vanguard Small Cap Index Fund holds 2.53% of the stake in TNL, owning 1,927,369 shares worth 73.76 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, TNL reported revenue of $922.00M and operating income of $184.00M. The EBITDA in the recently reported quarter was $209.00M and diluted EPS was $1.16.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TNL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TNL analysts setting a high price target of $67.00 and a low target of $35.00, the average target price over the next 12 months is $51.11. Based on these targets, TNL could surge 79.34% to reach the target high and fall by -6.32% to reach the target low. Reaching the average price target will result in a growth of 36.8% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded TNL stock several times over the past three months with 59 Buys and 21 Sells. In these transactions, 660,251 shares were bought while 99,134 shares were sold. The number of buy transactions has increased to 108 while that of sell transactions has risen to 33 over the past year. The total number of shares bought during that period was 758,122 while 136,959 shares were sold.

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