Short Interest in Travel + Leisure Co. (NYSE:TNL) Drops By 15.6%

Travel + Leisure Co. (NYSE:TNL) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 1,080,000 shares, a decline of 15.6% from the December 15th total of 1,280,000 shares. Based on an average daily volume of 551,700 shares, the short-interest ratio is presently 2.0 days. Approximately 1.6% of the company’s shares are sold short.

Insiders Place Their Bets

In other news, insider Geoffrey Richards sold 5,009 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total value of $261,269.44. Following the completion of the sale, the insider now owns 125,209 shares of the company’s stock, valued at $6,530,901.44. This trade represents a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction on Friday, October 25th. The shares were sold at an average price of $47.55, for a total value of $3,804,000.00. Following the transaction, the director now owns 362,947 shares in the company, valued at $17,258,129.85. This represents a 18.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,016 shares of company stock worth $4,846,863. Corporate insiders own 4.02% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

Institutional investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new position in Travel + Leisure in the 2nd quarter valued at $38,000. Envestnet Asset Management Inc. grew its position in shares of Travel + Leisure by 1.5% in the second quarter. Envestnet Asset Management Inc. now owns 188,831 shares of the company’s stock valued at $8,494,000 after purchasing an additional 2,746 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Travel + Leisure by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company’s stock worth $63,547,000 after purchasing an additional 57,587 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of Travel + Leisure by 23.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,768 shares of the company’s stock worth $384,000 after purchasing an additional 1,657 shares during the last quarter. Finally, Waterloo Capital L.P. boosted its stake in Travel + Leisure by 3.8% during the 2nd quarter. Waterloo Capital L.P. now owns 65,254 shares of the company’s stock valued at $2,935,000 after purchasing an additional 2,363 shares during the period. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Trading Up 0.5 %

TNL stock opened at $52.08 on Friday. The firm has a market cap of $3.56 billion, a PE ratio of 8.84, a PEG ratio of 0.64 and a beta of 1.64. Travel + Leisure has a 1 year low of $38.26 and a 1 year high of $56.91. The company has a fifty day simple moving average of $52.72 and a 200 day simple moving average of $47.76.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The company had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $1.54 EPS. The firm’s revenue was up .7% on a year-over-year basis. As a group, analysts forecast that Travel + Leisure will post 5.75 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, December 13th. This represents a $2.00 annualized dividend and a yield of 3.84%. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

Analyst Upgrades and Downgrades

TNL has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They issued an “overweight” rating and a $67.00 price target for the company. The Goldman Sachs Group increased their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Barclays boosted their price target on shares of Travel + Leisure from $41.00 to $48.00 and gave the company an “underweight” rating in a report on Friday, December 13th. Truist Financial increased their price objective on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Tigress Financial boosted their target price on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.50.

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.