Travel + Leisure (NYSE:TNL) Stock Price Down 10.9% – Here’s Why

Travel + Leisure Co. (NYSE:TNL) shares dropped 10.9% during mid-day trading on Wednesday . The company traded as low as $69.72 and last traded at $67.8470. Approximately 164,750 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 647,400 shares. The stock had previously closed at $76.15.

Travel + Leisure News Roundup

Here are the key news stories impacting Travel + Leisure this week:

• Positive Sentiment: Q1 beat — TNL reported $1.45 EPS vs. ~$1.31 consensus and ~$961M revenue (slightly above estimates), showing modest top- and bottom-line outperformance and y/y improvement. Travel + Leisure Co. Reports First Quarter 2026 Results
• Positive Sentiment: Management tone — Management reiterated guidance on the call, emphasized strong underwriting, continued capital returns (dividend + buybacks) and an upbeat outlook on VOI/member metrics, which supports cash‑flow visibility. Travel + Leisure Co. Signals Confident Earnings Outlook
• Positive Sentiment: Insider buy — CFO Erik D. Hoag purchased 1,000 shares at ~$65.67, a modest but timely insider buy that signals management confidence at current levels. SEC Form 4: Erik D. Hoag
• Positive Sentiment: Dividend & capital returns — Company recently raised the quarterly dividend and remains active on buybacks, supporting yield (~3.7%) and shareholder returns. MarketBeat: TNL Earnings / Dividend
• Neutral Sentiment: Analyst actions mixed — Mizuho trimmed its price target from $107 to $105 but kept an “outperform” call (still showing large upside versus current levels), a mild tweak rather than a directional change. Benzinga
• Negative Sentiment: Delinquency headlines — Coverage flagged early-stage delinquencies in recent loan vintages; those headlines (despite analysts arguing underwriting appears sound) triggered heavier selling and likely explain the sharper intraday weakness. Travel + Leisure: Delinquency Fears Appear Overdone

Analyst Ratings Changes

TNL has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price target on Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday. Oppenheimer restated an “outperform” rating and issued a $85.00 price target on shares of Travel + Leisure in a research report on Wednesday, February 18th. Citigroup reiterated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, February 19th. Citizens Jmp lifted their target price on Travel + Leisure from $80.00 to $90.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 19th. Finally, Weiss Ratings downgraded Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $85.20.

Travel + Leisure Stock Down 0.9%

The firm has a 50 day moving average price of $72.64 and a 200 day moving average price of $69.58. The stock has a market cap of $4.07 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 0.50 and a beta of 1.32.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.14. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The company had revenue of $961.00 million for the quarter, compared to analyst estimates of $954.81 million. During the same quarter in the previous year, the firm earned $1.11 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities analysts forecast that Travel + Leisure Co. will post 7.41 earnings per share for the current year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.7%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.56. The ex-dividend date was Friday, March 20th. Travel + Leisure’s payout ratio is presently 67.42%.

Insider Buying and Selling

In related news, Director George Herrera sold 1,748 shares of Travel + Leisure stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $70.31, for a total transaction of $122,901.88. Following the completion of the sale, the director owned 1,853 shares of the company’s stock, valued at $130,284.43. The trade was a 48.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Erik D. Hoag purchased 1,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was bought at an average cost of $65.67 per share, with a total value of $65,670.00. Following the completion of the acquisition, the chief financial officer directly owned 1,000 shares of the company’s stock, valued at $65,670. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 121,738 shares of company stock worth $9,136,054 over the last ninety days. 4.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TNL. Royal Bank of Canada lifted its holdings in Travel + Leisure by 42.0% in the first quarter. Royal Bank of Canada now owns 91,184 shares of the company’s stock valued at $4,222,000 after acquiring an additional 26,965 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Travel + Leisure in the first quarter valued at approximately $396,000. Millennium Management LLC increased its position in shares of Travel + Leisure by 129.5% in the first quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock valued at $19,141,000 after buying an additional 233,345 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Travel + Leisure by 97.1% in the first quarter. Goldman Sachs Group Inc. now owns 200,286 shares of the company’s stock valued at $9,271,000 after buying an additional 98,647 shares in the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Travel + Leisure in the first quarter valued at approximately $206,000. 87.54% of the stock is owned by institutional investors and hedge funds.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.