Travel + Leisure Co. (NYSE:TNL) Shares Acquired by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. grew its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 70.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,087 shares of the company's stock after purchasing an additional 14,087 shares during the period. Savoir Faire Capital Management L.P.'s holdings in Travel + Leisure were worth $1,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in TNL. QRG Capital Management Inc. grew its holdings in Travel + Leisure by 2.5% in the 2nd quarter. QRG Capital Management Inc. now owns 18,005 shares of the company's stock valued at $810,000 after buying an additional 432 shares in the last quarter. UMB Bank n.a. increased its position in Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company's stock worth $25,000 after purchasing an additional 526 shares during the last quarter. Versant Capital Management Inc purchased a new position in Travel + Leisure during the second quarter worth about $27,000. Allspring Global Investments Holdings LLC boosted its holdings in Travel + Leisure by 2,759.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock valued at $28,000 after purchasing an additional 607 shares during the last quarter. Finally, Atria Investments Inc grew its stake in shares of Travel + Leisure by 14.4% in the 3rd quarter. Atria Investments Inc now owns 5,345 shares of the company's stock valued at $246,000 after buying an additional 672 shares during the period. Institutional investors and hedge funds own 87.54% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on TNL. Tigress Financial upped their price objective on Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a report on Friday, November 1st. The Goldman Sachs Group increased their price target on Travel + Leisure from $44.00 to $49.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, July 25th. Truist Financial lowered their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, September 5th. Finally, Barclays boosted their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Travel + Leisure presently has an average rating of "Moderate Buy" and an average target price of $55.67.

Insider Activity

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the sale, the insider now directly owns 24,491 shares of the company's stock, valued at $1,024,703.44. The trade was a 11.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director George Herrera sold 2,193 shares of the company's stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now directly owns 6,352 shares of the company's stock, valued at approximately $269,832.96. This represents a 25.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,055 shares of company stock worth $4,544,170. 4.02% of the stock is currently owned by company insiders.

Travel + Leisure Price Performance

Shares of NYSE TNL traded down $0.92 during midday trading on Tuesday, hitting $52.59. The company's stock had a trading volume of 350,199 shares, compared to its average volume of 586,273. Travel + Leisure Co. has a 1 year low of $35.41 and a 1 year high of $54.79. The business's fifty day simple moving average is $47.45 and its two-hundred day simple moving average is $45.43. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.78 and a beta of 1.61.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.49 by $0.08. The business had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The company's quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.54 earnings per share. Analysts anticipate that Travel + Leisure Co. will post 5.77 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Friday, December 13th. Travel + Leisure's dividend payout ratio is currently 33.96%.

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.