Barclays Has Lowered Expectations for Marriott Vacations Worldwide (NYSE:VAC) Stock Price

Marriott Vacations Worldwide (NYSE:VAC – Get Free Report) had its price target reduced by analysts at Barclays from $140.00 to $139.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 28.16% from the stock’s previous close.

A number of other research analysts have also recently issued reports on VAC. JPMorgan Chase & Co. assumed coverage on shares of Marriott Vacations Worldwide in a research note on Thursday, October 8th. They issued an “overweight” rating and a $125.00 target price for the company. Wells Fargo & Company reduced their price target on Marriott Vacations Worldwide from $100.00 to $97.00 and set an “underweight” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $134.00 target price on shares of Marriott Vacations Worldwide in a report on Wednesday, August 12th. Truist Financial lifted their price objective on Marriott Vacations Worldwide from $97.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Finally, Morgan Stanley dropped their price target on Marriott Vacations Worldwide from $65.00 to $63.00 and set an “underweight” rating on the stock in a research note on Thursday, October 22nd. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $107.67.

Get Our Latest Analysis on VAC

Marriott Vacations Worldwide Stock Down 5.2%

Shares of VAC stock traded down $5.95 during trading on Thursday, hitting $108.46. 276,771 shares of the company were exchanged, compared to its average volume of 514,775. The business’s 50-day simple moving average is $106.53 and its 200 day simple moving average is $87.05. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of -11.07, a P/E/G ratio of 2.57 and a beta of 1.31. Marriott Vacations Worldwide has a twelve month low of $44.58 and a twelve month high of $131.34. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.99 and a current ratio of 3.56.

Marriott Vacations Worldwide (NYSE:VAC – Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.07. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.42 billion. Marriott Vacations Worldwide had a positive return on equity of 12.27% and a negative net margin of 6.47%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $1.69 EPS. As a group, analysts forecast that Marriott Vacations Worldwide will post 8.92 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Kathleen A. Pighini sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $120.00, for a total transaction of $300,000.00. Following the completion of the transaction, the insider owned 10,821 shares of the company’s stock, valued at approximately $1,298,520. The trade was a 18.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christian Asmar sold 750,000 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $111.49, for a total transaction of $83,617,500.00. Following the sale, the director owned 3,380,818 shares of the company’s stock, valued at approximately $376,927,398.82. The trade was a 18.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 13.30% of the company’s stock.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in VAC. Illinois Municipal Retirement Fund grew its stake in shares of Marriott Vacations Worldwide by 3.2% in the third quarter. Illinois Municipal Retirement Fund now owns 14,635 shares of the company’s stock worth $1,497,000 after acquiring an additional 447 shares during the last quarter. Penn Capital Management Company LLC grew its holdings in shares of Marriott Vacations Worldwide by 23.4% in the third quarter. Penn Capital Management Company LLC now owns 200,801 shares of the company’s stock worth $20,576,000 after acquiring an additional 38,061 shares during the period. Parallel Advisors LLC lifted its holdings in Marriott Vacations Worldwide by 27.5% in the third quarter. Parallel Advisors LLC now owns 1,030 shares of the company’s stock valued at $105,000 after acquiring an additional 222 shares during the period. CenterBook Partners LP bought a new stake in Marriott Vacations Worldwide during the third quarter valued at approximately $878,000. Finally, Chicago Partners Investment Group LLC raised its holdings in Marriott Vacations Worldwide by 3.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,568 shares of the company’s stock worth $499,000 after purchasing an additional 146 shares during the period. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Key Headlines Impacting Marriott Vacations Worldwide

Here are the key news stories impacting Marriott Vacations Worldwide this week:

About Marriott Vacations Worldwide

(Get Free Report)

Marriott Vacations Worldwide Corporation (NYSE:VAC) is a global vacation ownership and leisure travel company. It develops, markets, sells, and manages vacation ownership interests, which provide customers with access to accommodations and resort experiences through points-based and deeded ownership programs. The company also operates related vacation exchange, rental, resort management, and travel businesses.

Its portfolio includes vacation ownership and related offerings under brands such as Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, Grand Residences by Marriott, and Aqua-Aston.

See Also

Analyst Recommendations for Marriott Vacations Worldwide (NYSE:VAC)

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