Marriott Vacations Worldwide (NYSE:VAC) Given New $48.00 Price Target at The Goldman Sachs Group

Marriott Vacations Worldwide (NYSE:VAC) had its price objective lowered by The Goldman Sachs Group from $78.00 to $48.00 in a report issued on Monday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential downside of 7.39% from the stock’s current price.

VAC has been the topic of a number of other reports. Barclays cut their price target on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Truist Financial reduced their target price on shares of 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. Morgan Stanley initiated coverage on shares of Marriott Vacations Worldwide in a research note on Monday, January 6th. They set an “underweight” rating and a $87.00 price target for the company. Stifel Nicolaus dropped their price objective on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Mizuho lifted their target price on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $98.13.

Marriott Vacations Worldwide Trading Down 3.1 %

Shares of NYSE:VAC traded down $1.64 during trading hours on Monday, hitting $51.83. 154,497 shares of the company’s stock traded hands, compared to its average volume of 433,100. The firm has a market capitalization of $1.79 billion, a P/E ratio of 9.87, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66. The business has a fifty day moving average price of $71.62 and a 200-day moving average price of $81.22. Marriott Vacations Worldwide has a 1 year low of $49.22 and a 1 year high of $103.51. 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 issued its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.35. The firm had revenue of $1.33 billion during 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 analysts expect that Marriott Vacations Worldwide will post 6.23 earnings per share for the current year.

Insider Activity at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera bought 650 shares of the stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the purchase, the insider now directly owns 8,770 shares in the company, valued at approximately $628,458.20. The trade was a 8.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of large investors have recently made changes to their positions in VAC. Blue Trust Inc. grew 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 worth $48,000 after buying an additional 302 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new stake in Marriott Vacations Worldwide in the fourth quarter worth about $50,000. True Wealth Design LLC grew its stake in shares of Marriott Vacations Worldwide by 35.2% during the fourth quarter. True Wealth Design LLC now owns 595 shares of the company’s stock worth $53,000 after acquiring an additional 155 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Marriott Vacations Worldwide during the fourth quarter valued at about $89,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Marriott Vacations Worldwide in the 3rd quarter valued at approximately $97,000. 89.52% of the stock is owned by institutional investors and hedge funds.

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.