Marriott Vacations Worldwide (NYSE:VAC) Reaches New 12-Month Low – What’s Next?

Marriott Vacations Worldwide Co. (NYSE:VAC)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $62.18 and last traded at $63.32, with a volume of 67266 shares. The stock had previously closed at $64.24.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Truist Financial lowered their price objective on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Mizuho increased their price objective on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Stifel Nicolaus dropped their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Morgan Stanley began coverage on shares of Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an “underweight” rating and a $87.00 price target on the stock. Finally, Barclays cut their price objective 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. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Marriott Vacations Worldwide currently has a consensus rating of “Hold” and an average price target of $102.75.

Marriott Vacations Worldwide Stock Performance

The firm has a market capitalization of $2.29 billion, a PE ratio of 12.50, a P/E/G ratio of 0.67 and a beta of 1.83. The business has a 50-day simple moving average of $77.43 and a 200-day simple moving average of $82.47. 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 released its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.35. The company 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%. Equities research analysts expect that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.81%. Marriott Vacations Worldwide’s dividend payout ratio is 56.23%.

Insider Transactions at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera purchased 650 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the acquisition, the insider now owns 8,770 shares in the company, valued at approximately $628,458.20. This trade represents a 8.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several large investors have recently added to or reduced their stakes in VAC. Blue Trust Inc. increased its position in shares of Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock worth $48,000 after acquiring an additional 302 shares during the period. Brown Lisle Cummings Inc. purchased a new position in Marriott Vacations Worldwide during the 4th quarter worth $50,000. True Wealth Design LLC raised its position in Marriott Vacations Worldwide by 35.2% during the 4th quarter. True Wealth Design LLC now owns 595 shares of the company’s stock valued at $53,000 after purchasing an additional 155 shares in the last quarter. Quarry LP lifted its holdings in shares of Marriott Vacations Worldwide by 81.6% in the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after buying an additional 363 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Marriott Vacations Worldwide during the 4th quarter worth $89,000. 89.52% of the stock is 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.