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

Travel + Leisure Co. (NYSE:TNL) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,560,000 shares, an increase of 16.4% from the February 13th total of 1,340,000 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average daily trading volume, of 591,600 shares, the short-interest ratio is currently 2.6 days.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TNL shares. Truist Financial upped their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. upped their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and upped their price target for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. Tigress Financial upped their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, Stifel Nicolaus upped their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.70.

Travel + Leisure Trading Up 3.1 %

TNL traded up $1.43 during trading on Wednesday, hitting $48.06. 595,711 shares of the company’s stock were exchanged, compared to its average volume of 578,977. Travel + Leisure has a 1 year low of $39.91 and a 1 year high of $58.95. The stock has a 50 day moving average price of $53.56 and a 200 day moving average price of $50.72. The firm has a market cap 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.

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. The business had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.98 earnings per share. Analysts forecast that Travel + Leisure will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

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

Insider Activity

In other news, insider Michael Dean Brown acquired 2,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of the transaction, the insider now directly owns 408,706 shares in the company, valued at approximately $19,070,221.96. This represents a 0.49 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. boosted its stake in shares of Travel + Leisure by 4.8% in the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock valued at $178,822,000 after purchasing an additional 163,804 shares during the period. Copeland Capital Management LLC boosted its stake in shares of Travel + Leisure by 0.8% in the fourth quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company’s stock valued at $78,984,000 after purchasing an additional 12,111 shares during the period. AQR Capital Management LLC boosted its stake in shares of Travel + Leisure by 4.3% in the fourth quarter. AQR Capital Management LLC now owns 1,424,035 shares of the company’s stock valued at $71,358,000 after purchasing an additional 58,944 shares during the period. Northern Trust Corp boosted its stake in Travel + Leisure by 9.6% during the 4th quarter. Northern Trust Corp now owns 1,036,703 shares of the company’s stock valued at $52,302,000 after acquiring an additional 90,553 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Travel + Leisure by 15.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company’s stock valued at $46,169,000 after acquiring an additional 122,173 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

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.