Marriott Vacations Worldwide (NYSE:VAC) Price Target Cut to $97.00 by Analysts at Barclays

Marriott Vacations Worldwide (NYSE:VAC) had its target price lowered by equities researchers at Barclays from $116.00 to $97.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 28.52% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Truist Financial raised their target price on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Mizuho raised their price objective on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday. Stifel Nicolaus decreased their target price on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday. The Goldman Sachs Group increased their target price 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, Morgan Stanley started coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 price target on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $103.00.

Marriott Vacations Worldwide Price Performance

Marriott Vacations Worldwide stock traded down $2.00 during midday trading on Friday, reaching $75.47. 859,042 shares of the company were exchanged, compared to its average volume of 432,565. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 0.67 and a beta of 1.83. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The firm’s 50-day simple moving average is $86.61 and its 200-day simple moving average is $83.01. Marriott Vacations Worldwide has a 1 year low of $67.28 and a 1 year high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.35. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. On average, analysts anticipate that Marriott Vacations Worldwide will post 6.23 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Verity Asset Management Inc. lifted its position in shares of Marriott Vacations Worldwide by 3.1% in the 3rd quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock worth $316,000 after buying an additional 131 shares during the last quarter. True Wealth Design LLC grew its position in Marriott Vacations Worldwide by 35.2% in the 4th quarter. True Wealth Design LLC now owns 595 shares of the company’s stock valued at $53,000 after buying an additional 155 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Marriott Vacations Worldwide by 2.7% in the fourth quarter. Pacer Advisors Inc. now owns 6,404 shares of the company’s stock valued at $575,000 after acquiring an additional 166 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Marriott Vacations Worldwide by 3.4% during the third quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock valued at $411,000 after purchasing an additional 184 shares during the last quarter. Finally, Xponance Inc. raised its holdings in Marriott Vacations Worldwide by 6.2% during the 4th quarter. Xponance Inc. now owns 3,809 shares of the company’s stock worth $342,000 after buying an additional 221 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

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.