Savoir Faire Capital Management L.P. Increases Position in Travel + Leisure Co. (NYSE:TNL)

Savoir Faire Capital Management L.P. increased its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 21.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 41,551 shares of the company's stock after acquiring an additional 7,464 shares during the period. Savoir Faire Capital Management L.P. owned about 0.06% of Travel + Leisure worth $2,096,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC acquired a new position in shares of Travel + Leisure in the third quarter valued at approximately $892,000. FMR LLC increased its position in Travel + Leisure by 28.5% in the 3rd quarter. FMR LLC now owns 261,599 shares of the company's stock valued at $12,054,000 after acquiring an additional 58,008 shares during the period. Captrust Financial Advisors bought a new position in shares of Travel + Leisure during the third quarter valued at $224,000. Verition Fund Management LLC lifted its holdings in shares of Travel + Leisure by 207.6% during the third quarter. Verition Fund Management LLC now owns 38,250 shares of the company's stock worth $1,763,000 after purchasing an additional 25,815 shares during the period. Finally, Holocene Advisors LP grew its stake in shares of Travel + Leisure by 45.9% in the third quarter. Holocene Advisors LP now owns 85,883 shares of the company's stock worth $3,957,000 after purchasing an additional 27,026 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. The Goldman Sachs Group lifted their target price on Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Tigress Financial increased their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Mizuho reaffirmed a "neutral" rating and issued a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. JPMorgan Chase & Co. lifted their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Finally, Morgan Stanley initiated coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They set an "overweight" rating and a $67.00 price target on the stock. One investment 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $63.70.

Travel + Leisure Trading Down 1.6 %

Travel + Leisure stock traded down $0.62 during midday trading on Wednesday, reaching $38.16. The stock had a trading volume of 264,464 shares, compared to its average volume of 614,582. The company has a fifty day moving average price of $51.24 and a two-hundred day moving average price of $50.92. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $58.95. The company has a market capitalization of $2.55 billion, a P/E ratio of 6.54, a PEG ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company had revenue of $971.00 million for the quarter, compared to analyst estimates of $958.87 million. During the same period in the prior year, the firm earned $1.98 earnings per share. Travel + Leisure's revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.56 per share. The ex-dividend date was 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 5.87%. Travel + Leisure's payout ratio is presently 38.36%.

Insider Buying and Selling

In related news, insider Michael Dean Brown purchased 2,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the acquisition, the insider now owns 408,706 shares of the company's stock, valued at $19,070,221.96. This represents a 0.49 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Herrera sold 6,336 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the transaction, the director now owns 2,759 shares in the company, valued at approximately $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.02% of the stock is currently owned by company insiders.

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.