Savoir Faire Capital Management L.P. Has $900,000 Stock Position in Travel + Leisure Co. $TNL

Savoir Faire Capital Management L.P. boosted its position in shares of Travel + Leisure Co. (NYSE:TNL) by 34.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,441 shares of the company’s stock after purchasing an additional 4,488 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Travel + Leisure were worth $900,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TNL. Elequin Capital LP acquired a new stake in Travel + Leisure during the first quarter valued at $30,000. Geneos Wealth Management Inc. lifted its stake in shares of Travel + Leisure by 293.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after purchasing an additional 715 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Travel + Leisure in the second quarter worth $45,000. N.E.W. Advisory Services LLC bought a new stake in Travel + Leisure in the first quarter worth $54,000. Finally, Rossby Financial LCC acquired a new position in Travel + Leisure during the first quarter worth $55,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Insiders Place Their Bets

In other news, insider Kimberly Marshall sold 16,500 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $65.00, for a total transaction of $1,072,500.00. Following the transaction, the insider owned 40,236 shares in the company, valued at approximately $2,615,340. The trade was a 29.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Geoffrey Richards sold 26,838 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $66.06, for a total transaction of $1,772,918.28. Following the transaction, the insider owned 112,777 shares in the company, valued at approximately $7,450,048.62. The trade was a 19.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 127,244 shares of company stock valued at $8,408,698 in the last ninety days. Company insiders own 3.75% of the company’s stock.

Travel + Leisure Stock Performance

Travel + Leisure stock opened at $62.71 on Friday. The business’s 50-day simple moving average is $61.84 and its 200-day simple moving average is $55.50. The firm has a market capitalization of $4.03 billion, a PE ratio of 10.31, a PEG ratio of 0.55 and a beta of 1.47. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $70.43.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 earnings per share. Research analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th were paid a $0.56 dividend. The ex-dividend date was Friday, September 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.6%. Travel + Leisure’s payout ratio is presently 36.84%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Mizuho set a $86.00 price target on Travel + Leisure in a research report on Wednesday, October 22nd. The Goldman Sachs Group boosted their price target on Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. JMP Securities boosted their price target on Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 23rd. Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travel + Leisure in a research report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.90.

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.