Marriott Vacations Worldwide (NYSE:VAC) Hits New 52-Week Low at $68.84

Marriott Vacations Worldwide Co. (NYSE:VAC)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $68.84 and last traded at $69.39, with a volume of 33716 shares. The stock had previously closed at $69.62.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Stifel Nicolaus lowered their price objective 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. Barclays dropped their price target on Marriott Vacations Worldwide from $106.00 to $82.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. StockNews.com lowered Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Finally, Mizuho lowered their price target on Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $102.67.

Marriott Vacations Worldwide Price Performance

The stock’s 50 day moving average price is $83.59 and its 200-day moving average price is $91.14. The stock has a market capitalization of $2.49 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 0.71 and a beta of 1.81. The company has a quick ratio of 2.62, a current ratio of 3.12 and a debt-to-equity ratio of 1.32.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the business posted $2.19 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. As a group, equities analysts forecast that Marriott Vacations Worldwide Co. will post 6.18 EPS for the current year.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several institutional investors have recently made changes to their positions in VAC. Vanguard Group Inc. lifted its stake in Marriott Vacations Worldwide by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock worth $351,872,000 after acquiring an additional 143,074 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Marriott Vacations Worldwide by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock worth $139,687,000 after purchasing an additional 207,938 shares during the period. Impactive Capital LP bought a new position in shares of Marriott Vacations Worldwide during the first quarter valued at approximately $123,613,000. Burgundy Asset Management Ltd. increased its holdings in Marriott Vacations Worldwide by 3.0% during the first quarter. Burgundy Asset Management Ltd. now owns 1,096,286 shares of the company’s stock valued at $118,103,000 after buying an additional 32,218 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Marriott Vacations Worldwide by 20.3% in the second quarter. Victory Capital Management Inc. now owns 763,835 shares of the company’s stock worth $66,698,000 after buying an additional 129,131 shares in the last quarter. Hedge funds and other 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.