Savoir Faire Capital Management L.P. Increases Holdings in Travel + Leisure Co. (NYSE:TNL)

Savoir Faire Capital Management L.P. increased its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 21.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,551 shares of the company's stock after buying an additional 7,464 shares during the period. Savoir Faire Capital Management L.P. owned 0.06% of Travel + Leisure worth $2,096,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Travel + Leisure in the 4th quarter worth approximately $45,804,000. Charles Schwab Investment Management Inc. grew its position in shares of Travel + Leisure by 15.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock worth $46,169,000 after buying an additional 122,173 shares during the last quarter. Trexquant Investment LP raised its stake in shares of Travel + Leisure by 177.5% during the 4th quarter. Trexquant Investment LP now owns 167,888 shares of the company's stock worth $8,470,000 after acquiring an additional 107,389 shares in the last quarter. Barclays PLC lifted its position in Travel + Leisure by 80.4% during the third quarter. Barclays PLC now owns 225,326 shares of the company's stock valued at $10,383,000 after acquiring an additional 100,440 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in Travel + Leisure in the fourth quarter worth $4,639,000. Institutional investors own 87.54% of the company's stock.

Travel + Leisure Trading Down 4.4 %

NYSE TNL traded down $1.88 on Friday, hitting $40.96. 1,437,568 shares of the company's stock traded hands, compared to its average volume of 612,173. The firm's 50-day moving average price is $52.17 and its two-hundred day moving average price is $51.08. The firm has a market capitalization of $2.73 billion, a PE ratio of 7.01, a P/E/G ratio of 0.67 and a beta of 1.40. Travel + Leisure Co. has a 1-year low of $39.80 and a 1-year high of $58.95.

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Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.68 by $0.04. The company had revenue of $971.00 million for the quarter, compared to analyst estimates of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The firm's revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.98 earnings per share. On average, research analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.56 per share. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure's dividend payout ratio (DPR) is currently 38.36%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TNL shares. Bank of America upgraded Travel + Leisure from an "underperform" rating to a "buy" rating and increased their price objective for the company from $40.00 to $60.00 in a report on Monday, January 27th. Barclays raised their price target on Travel + Leisure from $48.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. upped their price objective on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, December 13th. Mizuho reiterated a "neutral" rating and issued a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Finally, Tigress Financial upped their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $63.70.

Insider Buying and Selling at Travel + Leisure

In related news, Director George Herrera sold 6,336 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the transaction, the director now owns 2,759 shares of the company's stock, valued at approximately $129,121.20. This represents a 69.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Dean Brown purchased 2,000 shares of the stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the transaction, the insider now directly owns 408,706 shares of the company's stock, valued at $19,070,221.96. This represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. 4.02% of the stock is currently owned by corporate insiders.

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.