LSV Asset Management Increases Stake in Travel + Leisure Co. (NYSE:TNL)

LSV Asset Management lifted its holdings in Travel + Leisure Co. (NYSE:TNL) by 6.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 589,100 shares of the company’s stock after purchasing an additional 35,591 shares during the quarter. LSV Asset Management owned 0.83% of Travel + Leisure worth $28,842,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. bought a new stake in Travel + Leisure in the first quarter worth $211,000. Texas Permanent School Fund Corp raised its holdings in shares of Travel + Leisure by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 63,271 shares of the company’s stock valued at $3,098,000 after acquiring an additional 844 shares in the last quarter. WBI Investments LLC bought a new stake in shares of Travel + Leisure in the first quarter valued at about $992,000. Coronation Fund Managers Ltd. raised its holdings in shares of Travel + Leisure by 5.0% in the first quarter. Coronation Fund Managers Ltd. now owns 107,824 shares of the company’s stock valued at $5,279,000 after acquiring an additional 5,088 shares in the last quarter. Finally, Commerce Bank grew its stake in Travel + Leisure by 53.4% in the first quarter. Commerce Bank now owns 163,102 shares of the company’s stock valued at $7,985,000 after purchasing an additional 56,775 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TNL has been the topic of a number of research analyst reports. Mizuho initiated coverage on Travel + Leisure in a research note on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price target on the stock. Barclays boosted their price target on Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.83.

Travel + Leisure Stock Performance

NYSE TNL traded up $0.44 during trading hours on Friday, reaching $47.13. The stock had a trading volume of 570,557 shares, compared to its average volume of 555,335. The stock has a fifty day moving average of $44.41 and a 200 day moving average of $43.63. The stock has a market cap of $3.36 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 2.52 and a beta of 1.63. Travel + Leisure Co. has a 52-week low of $32.10 and a 52-week high of $49.02.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $916.00 million for the quarter, compared to analyst estimates of $904.54 million. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. Travel + Leisure’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 earnings per share. On average, equities research analysts forecast that Travel + Leisure Co. will post 5.53 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a yield of 4.24%. Travel + Leisure’s dividend payout ratio is currently 36.83%.

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.