Marriott Vacations Worldwide (NYSE:VAC) Reaches New 12-Month Low – Should You Sell?

Marriott Vacations Worldwide Co. (NYSE:VAC)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $66.85 and last traded at $67.86, with a volume of 42513 shares traded. The stock had previously closed at $67.69.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Mizuho raised their price target on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Morgan Stanley began coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 target price for the company. Truist Financial decreased their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Barclays decreased their target price on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Finally, The Goldman Sachs Group lifted their price target on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.75.

Marriott Vacations Worldwide Price Performance

The stock has a 50-day moving average price of $83.64 and a two-hundred day moving average price of $83.21. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.67 and a beta of 1.83. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly 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 business had revenue of $1.33 billion during 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%. As a group, equities research analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.79 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a yield of 4.64%. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.23%.

Insiders Place Their Bets

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera acquired 650 shares of the stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $71.66 per share, with a total value of $46,579.00. Following the transaction, the insider now owns 8,770 shares in the company, valued at $628,458.20. The trade was a 8.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VAC. True Wealth Design LLC acquired a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter valued at about $32,000. Blue Trust Inc. raised its stake in Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after acquiring an additional 302 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new stake in Marriott Vacations Worldwide during the 4th quarter valued at approximately $50,000. Quarry LP raised its stake in Marriott Vacations Worldwide by 81.6% during the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock valued at $59,000 after acquiring an additional 363 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Marriott Vacations Worldwide by 6,881.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company’s stock valued at $82,000 after acquiring an additional 1,101 shares during the last quarter. 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.