Versant Capital Management Inc Increases Holdings in Travel + Leisure Co. (NYSE:TNL)

Versant Capital Management Inc increased its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 844.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,019 shares of the company's stock after buying an additional 5,382 shares during the quarter. Versant Capital Management Inc's holdings in Travel + Leisure were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of TNL. Barclays PLC boosted its stake in shares of Travel + Leisure by 80.4% in the 3rd quarter. Barclays PLC now owns 225,326 shares of the company's stock valued at $10,383,000 after purchasing an additional 100,440 shares in the last quarter. Atlas Capital Advisors Inc. lifted its stake in Travel + Leisure by 1,141.0% in the fourth quarter. Atlas Capital Advisors Inc. now owns 11,765 shares of the company's stock worth $594,000 after purchasing an additional 10,817 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Travel + Leisure during the fourth quarter valued at about $458,000. Amundi boosted its holdings in Travel + Leisure by 22.8% during the 4th quarter. Amundi now owns 5,940 shares of the company's stock valued at $302,000 after acquiring an additional 1,103 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Travel + Leisure by 4.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 200,787 shares of the company's stock worth $10,130,000 after purchasing an additional 8,374 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

Analyst Upgrades and Downgrades

TNL has been the subject of a number of analyst reports. The Goldman Sachs Group dropped their target price on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Barclays cut their price objective on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. Tigress Financial upped their target price on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Truist Financial raised their price target on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Finally, Mizuho reiterated a "neutral" rating and issued a $64.00 price target (up previously from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. One 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, Travel + Leisure currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

Insider Activity

In related news, insider Michael Dean Brown bought 2,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $46.66 per share, with a total value of $93,320.00. Following the acquisition, the insider now owns 408,706 shares in the company, valued at $19,070,221.96. This trade represents a 0.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Herrera sold 6,336 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the sale, the director now directly owns 2,759 shares of the company's stock, valued at $129,121.20. This represents a 69.66% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.75% of the company's stock.

Travel + Leisure Trading Down 0.4%

Travel + Leisure stock traded down $0.21 during mid-day trading on Wednesday, hitting $49.08. The company had a trading volume of 156,099 shares, compared to its average volume of 641,381. The company has a market capitalization of $3.26 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $58.95. The stock's 50 day moving average price is $45.58 and its two-hundred day moving average price is $50.34.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.10 by $0.01. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business had revenue of $934.00 million for the quarter, compared to the consensus estimate of $933.08 million. During the same period last year, the business posted $0.97 EPS. The company's revenue was up 2.0% compared to the same quarter last year. Equities research analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date is Friday, June 13th. Travel + Leisure's dividend payout ratio is 37.40%.

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.