Travel + Leisure Co (TNL)

• Market cap: $3.46B
• 1 day: -0.61%
• 5 days: -4.36%
• 1 month: -4.32%
• 3 months: 13.84%
• 6 months: 15.08%
• Year to date: 24.20%
• 1 year: 29.70%
• 5 years: -0.67%
• 10 years: 3.39%
• Sector: Consumer Discretionary
• Industry: Hotels & Motels

About: Travel+Leisure Co is a membership and leisure travel company. It provides hospitality services and travel products. The company operates in the segments of Vacation Ownership, which is the key revenue-driving segment, develops, markets and sells vacation ownership interests (VOIs) to individual consumers, provides consumer financing in connection with the sale of VOIs, and provides property management services at resorts and Travel and Membership which operates a variety of travel businesses, including three vacation exchange brands, a home exchange network, travel technology platforms, travel memberships, and direct-to-consumer rentals. The majority of the revenue is earned from the United States.

Employees: 19,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

142% more call options, than puts

Call options by funds: $7.94M | Put options by funds: $3.29M

2% more repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 119

0% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]

1% less funds holding

Funds holding: 367 [Q2] → 365 (-2) [Q3]

2% less capital invested

Capital invested by funds: $2.74B [Q2] → $2.67B (-$67.8M) [Q3]

4% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 54

2.35% less ownership

Funds ownership: 85.44% [Q2] → 83.09% (-2.35%) [Q3]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $48 5% downside
• Avg. target: $60 19% upside
• High target: $66 30% upside

6 analyst ratings

• positive: 4 67%
• neutral: 1 17%
• negative: 1 17%

Barclays Brandt Montour 52% 1-year accuracy 44 / 85 met price target	5% downside $48	Underweight Maintained	13 Dec 2024
JP Morgan Joseph Greff 31% 1-year accuracy 9 / 29 met price target	24% upside $63	Overweight Maintained	13 Dec 2024
Goldman Sachs Lizzie Dove 54% 1-year accuracy 14 / 26 met price target	16% upside $59	Neutral Maintained	10 Dec 2024
Truist Securities Patrick Scholes 57% 1-year accuracy 43 / 76 met price target	20% upside $61	Buy Maintained	26 Nov 2024
Stifel Simon Yarmak 47% 1-year accuracy 16 / 34 met price target	30% upside $66	Buy Maintained	26 Nov 2024