Marriott Vacations Worldwide (NYSE:VAC) Price Target Cut to $88.00 by Analysts at Barclays

Marriott Vacations Worldwide (NYSE:VAC) had its target price lowered by investment analysts at Barclays from $97.00 to $88.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 25.58% from the company’s current price.

Several other research analysts have also recently weighed in on VAC. Morgan Stanley upgraded Marriott Vacations Worldwide from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $67.00 to $57.00 in a report on Tuesday, April 22nd. The Goldman Sachs Group upped their price objective on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a “sell” rating in a report on Friday. Stifel Nicolaus reduced their target price on shares of 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. Mizuho dropped their price target on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Truist Financial cut their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.25.

Marriott Vacations Worldwide Price Performance

NYSE:VAC traded up $5.43 during trading hours on Monday, hitting $70.08. 126,492 shares of the stock were exchanged, compared to its average volume of 446,458. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The firm’s fifty day moving average price is $60.61 and its 200 day moving average price is $78.51. The company has a market cap of $2.42 billion, a P/E ratio of 13.40, a P/E/G ratio of 0.67 and a beta of 1.42. Marriott Vacations Worldwide has a 52-week low of $49.22 and a 52-week high of $102.39.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.10. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm posted $1.80 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities research analysts anticipate that Marriott Vacations Worldwide will post 6.23 EPS for the current fiscal year.

Insider Activity at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera bought 650 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $71.66 per share, with a total value of $46,579.00. Following the transaction, the insider now owns 8,770 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp lifted its holdings in shares of Marriott Vacations Worldwide by 136.5% in the 1st quarter. Fifth Third Bancorp now owns 395 shares of the company’s stock valued at $25,000 after purchasing an additional 228 shares during the last quarter. Investment Advisory Group LLC purchased a new stake in Marriott Vacations Worldwide in the first quarter valued at approximately $31,000. Blue Trust Inc. boosted its holdings in shares of Marriott Vacations Worldwide by 130.7% in the fourth 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 period. Brown Lisle Cummings Inc. acquired a new stake in Marriott Vacations Worldwide during the 4th quarter worth $50,000. Finally, True Wealth Design LLC increased its stake in Marriott Vacations Worldwide by 35.2% in the fourth quarter. True Wealth Design LLC now owns 595 shares of the company’s stock valued at $53,000 after purchasing an additional 155 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

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.