Principal Financial Group Inc. Has $12.35 Million Holdings in Travel + Leisure Co. (NYSE:TNL)

Principal Financial Group Inc. trimmed its holdings in Travel + Leisure Co. (NYSE:TNL) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 244,816 shares of the company’s stock after selling 4,925 shares during the period. Principal Financial Group Inc.’s holdings in Travel + Leisure were worth $12,351,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of Travel + Leisure by 454.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,488 shares of the company’s stock worth $161,000 after acquiring an additional 2,859 shares during the period. International Assets Investment Management LLC lifted its holdings in Travel + Leisure by 4,532.8% during the 3rd quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock worth $248,000 after purchasing an additional 5,258 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Travel + Leisure by 16.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 39,262 shares of the company’s stock valued at $1,809,000 after purchasing an additional 5,463 shares during the period. New York State Teachers Retirement System grew its holdings in Travel + Leisure by 6.4% in the 3rd quarter. New York State Teachers Retirement System now owns 108,283 shares of the company’s stock valued at $4,990,000 after buying an additional 6,513 shares in the last quarter. Finally, Iridian Asset Management LLC CT increased its position in Travel + Leisure by 1.3% during the 3rd quarter. Iridian Asset Management LLC CT now owns 534,156 shares of the company’s stock worth $24,614,000 after buying an additional 6,757 shares during the period. 87.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They issued an “overweight” rating and a $67.00 target price for the company. Stifel Nicolaus increased 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. Mizuho reiterated a “neutral” rating and issued a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Barclays increased their price target on Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. Finally, Tigress Financial raised their price objective on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Travel + Leisure Price Performance

NYSE TNL opened at $55.43 on Friday. The business has a fifty day moving average price of $53.42 and a two-hundred day moving average price of $49.88. The stock has a market capitalization of $3.70 billion, a PE ratio of 9.49, a PEG 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 announced 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. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. During the same period in the prior year, the company earned $1.98 EPS. Travel + Leisure’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, sell-side analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

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.