Marriott Vacations Worldwide (NYSE:VAC) Price Target Lowered to $74.00 at Barclays

Marriott Vacations Worldwide (NYSE:VAC) had its price target trimmed by Barclays from $82.00 to $74.00 in a report released on Thursday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other analysts have also recently issued research reports about the company. StockNews.com cut Marriott Vacations Worldwide from a hold rating to a sell rating in a report on Friday, July 19th. JMP Securities decreased their target price on 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. The Goldman Sachs Group initiated coverage on Marriott Vacations Worldwide in a report on Wednesday, September 18th. They issued a sell rating and a $62.00 price target for the company. Stifel Nicolaus decreased their price target on Marriott Vacations Worldwide from $108.00 to $96.50 and set a buy rating for the company in a report on Friday, September 13th. Finally, Truist Financial decreased their price target on Marriott Vacations Worldwide from $161.00 to $159.00 and set a buy rating for the company in a report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of Hold and a consensus price target of $96.65.

Marriott Vacations Worldwide Stock Up 1.0 %

Shares of NYSE:VAC opened at $76.50 on Thursday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28. Marriott Vacations Worldwide has a 1 year low of $67.28 and a 1 year high of $108.57. The stock has a market capitalization of $2.69 billion, a P/E ratio of 14.14, a PEG ratio of 0.70 and a beta of 1.81. The stock has a 50-day simple moving average of $74.86 and a 200-day simple moving average of $87.38.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share (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 firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm posted $2.19 EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities analysts forecast that Marriott Vacations Worldwide will post 6.11 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 56.19%.

Insider Activity

In other Marriott Vacations Worldwide news, insider Jason P. Marino bought 700 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the purchase, the insider now owns 15,851 shares in the company, valued at approximately $1,093,719. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its position 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 valued at $31,000 after acquiring an additional 246 shares in the last quarter. Quarry LP raised its position in shares of Marriott Vacations Worldwide by 368.4% during the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after acquiring an additional 350 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Marriott Vacations Worldwide during the 1st quarter valued at approximately $41,000. Innealta Capital LLC acquired a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter valued at approximately $90,000. Finally, TFO Wealth Partners LLC raised its position in shares of Marriott Vacations Worldwide by 61,550.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,233 shares of the company’s stock valued at $105,000 after acquiring an additional 1,231 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

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.