Marriott Vacations Worldwide (NYSE:VAC) Trading Down 7.5% After Analyst Downgrade

Marriott Vacations Worldwide Co. (NYSE:VAC)’s stock price traded down 7.5% on Thursday after Barclays lowered their price target on the stock from $116.00 to $97.00. Barclays currently has an overweight rating on the stock. Marriott Vacations Worldwide traded as low as $79.67 and last traded at $78.94. 89,682 shares traded hands during trading, a decline of 77% from the average session volume of 389,090 shares. The stock had previously closed at $85.38.

A number of other equities analysts also recently commented on VAC. Truist Financial raised their price objective on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Mizuho upped their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday. Morgan Stanley began coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They issued an “underweight” rating and a $87.00 price objective for the company. The Goldman Sachs Group increased their price target on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Finally, StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $103.00.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of large investors have recently bought and sold shares of VAC. Blue Trust Inc. boosted its position in Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after purchasing an additional 302 shares during the last quarter. New South Capital Management Inc. boosted its holdings in shares of Marriott Vacations Worldwide by 6.6% in the 3rd quarter. New South Capital Management Inc. now owns 364,394 shares of the company’s stock valued at $26,776,000 after buying an additional 22,672 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Marriott Vacations Worldwide by 36.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 27,094 shares of the company’s stock valued at $1,991,000 after buying an additional 7,174 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Marriott Vacations Worldwide during the third quarter worth $348,000. Finally, Hotchkis & Wiley Capital Management LLC raised its position in Marriott Vacations Worldwide by 18.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after acquiring an additional 168,130 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Marriott Vacations Worldwide Price Performance

The company’s 50-day simple moving average is $86.32 and its 200-day simple moving average is $83.06. The stock has a market capitalization of $2.63 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86.

Marriott Vacations Worldwide (NYSE:VAC) last posted its earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.35. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. As a group, sell-side analysts expect that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 60.19%.

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.