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 stake in Travel + Leisure Co. (NYSE:TNL) by 12.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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’s holdings in Travel + Leisure were worth $2,013,000 at the end of the most recent reporting period.

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

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock opened at $55.25 on Monday. The stock has a market capitalization of $3.69 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. Travel + Leisure Co. has a 52 week low of $39.91 and a 52 week high of $58.95. The stock has a 50 day moving average price of $53.09 and a two-hundred day moving average price of $49.59.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Morgan Stanley assumed coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They set an “overweight” rating and a $67.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Barclays raised their target price on Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a research note on Thursday. Finally, Mizuho reissued a “neutral” rating and issued a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.00.

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.