Marriott Vacations Worldwide (NYSE:VAC) Given New $95.00 Price Target at Deutsche Bank Aktiengesellschaft

Marriott Vacations Worldwide (NYSE:VAC) had its price target lowered by Deutsche Bank Aktiengesellschaft from $121.00 to $95.00 in a research note published on Tuesday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other brokerages have also issued reports on VAC. Truist Financial cut their target price on Marriott Vacations Worldwide from $161.00 to $159.00 and set a buy rating on the stock in a research report on Friday, July 19th. Barclays cut their price target on shares of Marriott Vacations Worldwide from $106.00 to $82.00 and set an equal weight rating on the stock in a report on Friday, August 2nd. JMP Securities decreased their price objective on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a market outperform rating for the company in a report on Friday, August 2nd. Stifel Nicolaus dropped their target price on shares of Marriott Vacations Worldwide from $117.00 to $108.00 and set a buy rating for the company in a research report on Thursday, August 1st. Finally, Mizuho reduced their price target on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a buy rating on the stock in a research report on Friday, June 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $102.67.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock opened at $70.91 on Tuesday. The firm has a fifty day simple moving average of $84.76 and a 200-day simple moving average of $91.40. The company has a market capitalization of $2.49 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.81. Marriott Vacations Worldwide has a twelve month low of $70.43 and a twelve month high of $117.16. The company has a current ratio of 3.12, a quick ratio of 2.62 and a debt-to-equity ratio of 1.32.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the company earned $2.19 earnings per share. The business’s quarterly revenue was down 3.2% on a year-over-year basis. Equities research analysts anticipate that Marriott Vacations Worldwide will post 6.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of large investors have recently bought and sold shares of the business. Qsemble Capital Management LP acquired a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter worth approximately $312,000. Van Berkom & Associates Inc. grew its stake in Marriott Vacations Worldwide by 19.1% during the 2nd quarter. Van Berkom & Associates Inc. now owns 722,164 shares of the company’s stock worth $63,059,000 after buying an additional 115,993 shares during the last quarter. Connable Office Inc. increased its position in Marriott Vacations Worldwide by 33.2% in the second quarter. Connable Office Inc. now owns 3,457 shares of the company’s stock worth $302,000 after buying an additional 862 shares during the period. Savant Capital LLC lifted its stake in Marriott Vacations Worldwide by 0.5% in the second quarter. Savant Capital LLC now owns 147,133 shares of the company’s stock valued at $12,848,000 after buying an additional 784 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Marriott Vacations Worldwide by 20.3% during the second quarter. Victory Capital Management Inc. now owns 763,835 shares of the company’s stock valued at $66,698,000 after acquiring an additional 129,131 shares during the period. Institutional investors own 89.52% of the company’s stock.

About Marriott Vacations Worldwide

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.