56,621 Shares in Travel + Leisure Co. $TNL Bought by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired 56,621 shares of Travel + Leisure Co., valued at approximately $2.62 million, making it the 29th largest position in their investment portfolio.
• Travel + Leisure Co. reported earnings per share (EPS) of $1.65 for the latest quarter, missing analysts' estimates, but achieved a revenue of $1.02 billion, slightly exceeding expectations.
• The company's quarterly dividend of $0.56 per share, representing a 3.6% yield, will be distributed on September 30th to stockholders of record as of September 12th.

Dynamic Technology Lab Private Ltd bought a new stake in Travel + Leisure Co. (NYSE:TNL - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 56,621 shares of the company's stock, valued at approximately $2,621,000. Travel + Leisure makes up approximately 0.4% of Dynamic Technology Lab Private Ltd's portfolio, making the stock its 29th biggest holding. Dynamic Technology Lab Private Ltd owned approximately 0.09% of Travel + Leisure as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TNL. Elequin Capital LP purchased a new position in shares of Travel + Leisure in the 1st quarter valued at about $30,000. UMB Bank n.a. boosted its stake in shares of Travel + Leisure by 54.0% in the 1st quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock valued at $54,000 after buying an additional 409 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Travel + Leisure in the 1st quarter valued at about $54,000. Rossby Financial LCC purchased a new position in shares of Travel + Leisure in the 1st quarter valued at about $55,000. Finally, Fifth Third Bancorp boosted its stake in shares of Travel + Leisure by 61.5% in the 1st quarter. Fifth Third Bancorp now owns 1,873 shares of the company's stock valued at $87,000 after buying an additional 713 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Price Performance

Travel + Leisure stock traded down $0.63 during trading hours on Friday, hitting $62.01. The stock had a trading volume of 253,824 shares, compared to its average volume of 690,122. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 0.60 and a beta of 1.44. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $64.11. The stock's fifty day moving average is $60.10 and its two-hundred day moving average is $52.16.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.01). Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the company earned $1.52 earnings per share. The firm's revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th will be paid a $0.56 dividend. The ex-dividend date is Friday, September 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.6%. Travel + Leisure's dividend payout ratio (DPR) is 38.62%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Travel + Leisure from a "buy" rating to a "hold" rating in a research note on Saturday, August 23rd. Barclays boosted their target price on Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a research note on Thursday, July 24th. Mizuho upgraded Travel + Leisure from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $63.00 to $72.00 in a research note on Thursday, July 24th. Finally, JMP Securities boosted their target price on Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 24th. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.30.

Insiders Place Their Bets

In other Travel + Leisure news, Director George Herrera sold 2,200 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $60.48, for a total transaction of $133,056.00. Following the completion of the sale, the director owned 559 shares in the company, valued at $33,808.32. This trade represents a 79.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Dean Brown bought 1,500 shares of Travel + Leisure stock in a transaction on Friday, August 1st. The shares were purchased at an average cost of $58.39 per share, for a total transaction of $87,585.00. Following the acquisition, the insider owned 427,821 shares in the company, valued at $24,980,468.19. The trade was a 0.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 320,174 shares of company stock valued at $19,765,874. Company insiders own 3.75% of the company's stock.

Travel + Leisure 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.