Versant Capital Management Inc Grows Stake in Travel + Leisure Co. (NYSE:TNL)

Versant Capital Management Inc raised its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 49.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 637 shares of the company’s stock after purchasing an additional 210 shares during the period. Versant Capital Management Inc’s holdings in Travel + Leisure were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of TNL. Franklin Resources Inc. raised its holdings in Travel + Leisure by 182.9% during the 3rd quarter. Franklin Resources Inc. now owns 51,216 shares of the company’s stock valued at $2,337,000 after buying an additional 33,111 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Travel + Leisure by 168.3% in the third quarter. Sanctuary Advisors LLC now owns 16,550 shares of the company’s stock valued at $763,000 after acquiring an additional 10,382 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Travel + Leisure in the 3rd quarter worth about $1,180,000. Barclays PLC boosted its stake in shares of Travel + Leisure by 80.4% during the 3rd quarter. Barclays PLC now owns 225,326 shares of the company’s stock worth $10,383,000 after purchasing an additional 100,440 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of Travel + Leisure by 3.0% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 29,516 shares of the company’s stock worth $1,360,000 after purchasing an additional 853 shares during the period. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock opened at $50.81 on Wednesday. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 0.77 and a beta of 1.64. The firm’s 50-day moving average is $52.58 and its two-hundred day moving average is $47.48. Travel + Leisure Co. has a 1 year low of $37.99 and a 1 year high of $56.91.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. The firm had revenue of $993.00 million for 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% on a year-over-year basis. During the same period last year, the firm earned $1.54 earnings per share. On average, equities analysts expect that Travel + Leisure Co. will post 5.75 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Friday, December 13th. Travel + Leisure’s dividend payout ratio (DPR) is currently 33.96%.

Wall Street Analyst Weigh In

TNL has been the subject of several analyst reports. Tigress Financial raised their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley started coverage on Travel + Leisure in a research note on Monday. They set an “overweight” rating and a $67.00 price target for the company. Stifel Nicolaus upped their price objective on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their target price on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Truist Financial upped their price target on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Travel + Leisure currently has a consensus rating of “Moderate Buy” and an average price target of $59.50.

Insider Buying and Selling

In other news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the completion of the sale, the director now owns 362,947 shares in the company, valued at approximately $17,258,129.85. This represents a 18.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Geoffrey Richards sold 4,607 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $54.25, for a total value of $249,929.75. Following the transaction, the insider now owns 120,602 shares in the company, valued at approximately $6,542,658.50. This trade represents a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,016 shares of company stock worth $4,846,863 in the last three months. 4.02% of the stock is owned by insiders.

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.