Savoir Faire Capital Management L.P. Acquires Shares of 20,000 Travel + Leisure Co. (NYSE:TNL)

Savoir Faire Capital Management L.P. acquired a new stake in Travel + Leisure Co. (NYSE:TNL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $900,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Travel + Leisure by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock valued at $419,136,000 after buying an additional 466,640 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Travel + Leisure by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company’s stock valued at $63,547,000 after buying an additional 57,587 shares during the last quarter. Norges Bank bought a new position in shares of Travel + Leisure during the fourth quarter worth about $34,967,000. LSV Asset Management lifted its position in shares of Travel + Leisure by 23.1% during the second quarter. LSV Asset Management now owns 725,381 shares of the company’s stock worth $32,628,000 after purchasing an additional 136,281 shares during the last quarter. Finally, Swedbank AB bought a new position in shares of Travel + Leisure during the first quarter worth about $33,598,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the sale, the insider now owns 24,491 shares in the company, valued at $1,024,703.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.02% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Truist Financial reduced their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Tigress Financial increased their price target on shares of Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.63.

Travel + Leisure Stock Down 1.0 %

Shares of NYSE TNL opened at $42.02 on Tuesday. The firm’s 50-day moving average price is $44.11 and its two-hundred day moving average price is $44.74. Travel + Leisure Co. has a 52-week low of $32.10 and a 52-week high of $49.91. The stock has a market capitalization of $2.99 billion, a P/E ratio of 7.74, a P/E/G ratio of 0.58 and a beta of 1.62.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.39 by $0.13. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The company had revenue of $985.00 million for the quarter, compared to analyst estimates of $987.20 million. During the same quarter last year, the business earned $1.33 earnings per share. Travel + Leisure’s revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts expect that Travel + Leisure Co. will post 5.67 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.50 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.00 annualized dividend and a dividend yield of 4.76%. Travel + Leisure’s payout ratio is currently 36.83%.

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.