Travel + Leisure Co. (NYSE:TNL) Short Interest Update

Travel + Leisure Co. (NYSE:TNL) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,560,000 shares, a growth of 16.4% from the February 13th total of 1,340,000 shares. Currently, 2.4% of the company’s stock are sold short. Based on an average trading volume of 591,600 shares, the days-to-cover ratio is presently 2.6 days.

Insider Buying and Selling at Travel + Leisure

In related news, insider Michael Dean Brown acquired 2,000 shares of Travel + Leisure stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the purchase, the insider now directly owns 408,706 shares of the company’s stock, valued at $19,070,221.96. The trade was a 0.49 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.02% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Travel + Leisure

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp acquired a new stake in shares of Travel + Leisure in the 4th quarter worth approximately $25,000. Versant Capital Management Inc lifted its position in Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after purchasing an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after purchasing an additional 503 shares during the period. Natixis acquired a new stake in Travel + Leisure in the fourth quarter worth approximately $37,000. Finally, UMB Bank n.a. lifted its position in Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after purchasing an additional 204 shares during the period. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Performance

Shares of TNL traded up $1.43 during mid-day trading on Wednesday, reaching $48.06. 595,711 shares of the company’s stock traded hands, compared to its average volume of 578,977. Travel + Leisure has a 12 month low of $39.91 and a 12 month high of $58.95. The stock has a market capitalization of $3.21 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. The business’s 50-day moving average price is $53.56 and its 200-day moving average price is $50.72.

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

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.56 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.24 annualized dividend and a yield of 4.66%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio is presently 38.36%.

Analyst Ratings Changes

A number of research analysts have commented on TNL shares. The Goldman Sachs Group increased their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Mizuho reissued a “neutral” rating and set a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Morgan Stanley initiated coverage on shares of Travel + Leisure in a report on Monday, January 6th. They set an “overweight” rating and a $67.00 target price on the stock. Barclays increased their target price on shares of Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Finally, Stifel Nicolaus increased their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Travel + Leisure currently has an average rating of “Moderate Buy” and an average price target of $63.70.

Travel + Leisure Company Profile

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.