GAMMA Investing LLC boosted its stake in Travel + Leisure Co. (NYSE:TNL – Free Report) by 5,758.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,617 shares of the company’s stock after acquiring an additional 93,002 shares during the period. GAMMA Investing LLC owned 0.14% of Travel + Leisure worth $4,380,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in TNL. Jones Financial Companies Lllp bought a new stake in Travel + Leisure in the 4th quarter valued at about $25,000. Natixis bought a new stake in Travel + Leisure in the 4th quarter valued at about $37,000. Smartleaf Asset Management LLC raised its position in shares of Travel + Leisure by 30.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after purchasing an additional 181 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Travel + Leisure by 333.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the company’s stock valued at $66,000 after purchasing an additional 1,000 shares during the period. Finally, Capital Analysts LLC raised its position in shares of Travel + Leisure by 16.8% in the fourth quarter. Capital Analysts LLC now owns 1,576 shares of the company’s stock valued at $80,000 after purchasing an additional 227 shares during the period. Institutional investors own 87.54% of the company’s stock.
Travel + Leisure Stock Performance
Travel + Leisure stock opened at $50.49 on Wednesday. The stock has a market cap of $3.35 billion, a P/E ratio of 8.65, a PEG ratio of 0.67 and a beta of 1.37. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $58.95. The firm’s fifty day moving average price is $45.94 and its 200-day moving average price is $50.20.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.01. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $933.08 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 EPS. Sell-side analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.
Travel + Leisure Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend is Friday, June 13th. Travel + Leisure’s dividend payout ratio (DPR) is 37.40%.
Analyst Ratings Changes
TNL has been the topic of several research reports. The Goldman Sachs Group lowered their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Barclays lowered their target price on shares of Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating on the stock in a report on Thursday, April 24th. Mizuho reiterated a “neutral” rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Truist Financial boosted their price objective on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, Tigress Financial boosted their price objective on Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. One equities 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 stock. Based on data from MarketBeat.com, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average target price of $59.20.
Get Our Latest Stock Report on TNL
Insider Transactions at Travel + Leisure
In related news, Director Denny Marie Post sold 5,500 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $50.20, for a total value of $276,100.00. Following the transaction, the director now owns 4,477 shares of the company’s stock, valued at $224,745.40. This represents a 55.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Dean Brown bought 2,000 shares of Travel + Leisure stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the purchase, the insider now owns 408,706 shares of the company’s stock, valued at $19,070,221.96. The trade was a 0.49% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.75% of the company’s stock.
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.
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