Marriott Vacations Worldwide (NYSE:VAC) PT Raised to $106.00 at Barclays

Marriott Vacations Worldwide (NYSE:VAC) had its price target upped by Barclays from $102.00 to $106.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 6.67% from the company’s current price.

A number of other brokerages have also recently commented on VAC. Truist Financial lifted their target price on shares of Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. JMP Securities increased their target price on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Monday, February 26th. Mizuho began coverage on Marriott Vacations Worldwide in a report on Tuesday, March 26th. They set a “buy” rating and a $128.00 price target on the stock. Stifel Nicolaus upped their price objective on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their target price on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $112.22.

Marriott Vacations Worldwide Stock Up 3.0 %

VAC stock opened at $99.37 on Wednesday. Marriott Vacations Worldwide has a fifty-two week low of $72.78 and a fifty-two week high of $134.09. The company’s 50 day moving average price is $99.15 and its 200 day moving average price is $89.46. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.64 and a current ratio of 3.15. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 15.90 and a beta of 1.85.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Monday, May 6th. The company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.14. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company posted $2.54 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts anticipate that Marriott Vacations Worldwide will post 7.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in Marriott Vacations Worldwide by 194.1% during the third quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company’s stock worth $25,000 after buying an additional 165 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Marriott Vacations Worldwide by 615.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of Marriott Vacations Worldwide during the 1st quarter worth approximately $41,000. Fifth Third Bancorp grew its holdings in shares of Marriott Vacations Worldwide by 707.5% in the 1st quarter. Fifth Third Bancorp now owns 428 shares of the company’s stock worth $46,000 after acquiring an additional 375 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in Marriott Vacations Worldwide by 20.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock valued at $86,000 after purchasing an additional 175 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.