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

Travel + Leisure Co. (NYSE:TNL) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 1,670,000 shares, a drop of 22.7% from the August 31st total of 2,160,000 shares. Based on an average daily trading volume, of 653,400 shares, the days-to-cover ratio is currently 2.6 days. Currently, 2.5% of the shares of the company are short sold.

Insider Buying and Selling

In related 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 transaction 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 SEC, which is accessible through this link. In related news, Director George Herrera sold 2,193 shares of the firm’s stock in a transaction dated 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 owns 6,352 shares in the company, valued at $269,832.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the sale, the insider now owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. The disclosure for this sale can be found here. Corporate insiders own 4.02% of the company’s stock.

Hedge Funds Weigh In On Travel + Leisure

A number of institutional investors have recently added to or reduced their stakes in TNL. Versant Capital Management Inc acquired a new position in Travel + Leisure in the 2nd quarter worth $27,000. Allspring Global Investments Holdings LLC lifted its holdings in Travel + Leisure by 2,759.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after buying an additional 607 shares in the last quarter. Family Firm Inc. acquired a new position in Travel + Leisure in the 2nd quarter worth $31,000. Larson Financial Group LLC acquired a new position in Travel + Leisure in the 2nd quarter worth $36,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Travel + Leisure in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Stock Up 1.4 %

Shares of Travel + Leisure stock traded up $0.65 during trading on Friday, hitting $46.59. 851,967 shares of the company were exchanged, compared to its average volume of 589,384. Travel + Leisure has a fifty-two week low of $32.10 and a fifty-two week high of $49.91. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 8.58, a P/E/G ratio of 0.63 and a beta of 1.62. The firm has a 50 day moving average price of $43.67 and a 200 day moving average price of $44.72.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.13. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The company had revenue of $985.00 million during the quarter, compared to analysts’ expectations of $987.20 million. During the same period in the previous year, the company earned $1.33 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts predict that Travel + Leisure will post 5.67 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.50 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 4.29%. Travel + Leisure’s dividend payout ratio is currently 36.83%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TNL shares. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted 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 downgraded shares of Travel + Leisure from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $46.00 to $40.00 in a research report on Thursday. Tigress Financial lifted their price target on shares of Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Truist Financial reduced their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and a consensus price target of $54.33.

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.