Aristides Capital LLC Invests $257,000 in Travel + Leisure Co. (NYSE:TNL)

Aristides Capital LLC acquired a new stake in shares of Travel + Leisure Co. (NYSE:TNL) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,716 shares of the company’s stock, valued at approximately $257,000.

Other large investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new position in shares of Travel + Leisure during the second quarter valued at $7,480,000. Mackenzie Financial Corp grew its position in Travel + Leisure by 49.9% during the 2nd quarter. Mackenzie Financial Corp now owns 9,932 shares of the company’s stock valued at $447,000 after purchasing an additional 3,307 shares during the last quarter. Millennium Management LLC increased its stake in Travel + Leisure by 440.7% during the 2nd quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock valued at $27,624,000 after purchasing an additional 500,554 shares in the last quarter. Maverick Capital Ltd. raised its holdings in Travel + Leisure by 42.0% in the second quarter. Maverick Capital Ltd. now owns 32,292 shares of the company’s stock worth $1,452,000 after buying an additional 9,558 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Travel + Leisure in the second quarter worth approximately $90,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TNL shares. JPMorgan Chase & Co. raised their price target on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Barclays cut Travel + Leisure from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $46.00 to $40.00 in a research report on Thursday, September 26th. Truist Financial decreased their target price on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Tigress Financial raised their price target on shares of Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and a consensus target price of $54.33.

Insider Activity at Travel + Leisure

In other news, Director George Herrera sold 2,193 shares of the firm’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 owns 6,352 shares of the company’s stock, valued at $269,832.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director George Herrera sold 2,193 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the sale, the director now directly owns 6,352 shares of the company’s stock, valued at $269,832.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the transaction, the insider now owns 24,491 shares in the company, valued at approximately $1,024,703.44. The disclosure for this sale can be found here. 4.02% of the stock is owned by company insiders.

Travel + Leisure Stock Down 1.1 %

NYSE TNL opened at $46.08 on Tuesday. The company has a 50-day moving average price of $43.62 and a 200-day moving average price of $44.72. Travel + Leisure Co. has a 52 week low of $32.10 and a 52 week high of $49.91. The firm has a market capitalization of $3.21 billion, a P/E ratio of 8.49, a PEG ratio of 0.64 and a beta of 1.62.

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

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 4.34%. Travel + Leisure’s dividend 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.