Barclays Cuts Marriott Vacations Worldwide (NYSE:VAC) Price Target to $64.00

Marriott Vacations Worldwide (NYSE:VAC) had its target price decreased by Barclays from $87.00 to $64.00 in a report issued on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley set a $70.00 target price on shares of Marriott Vacations Worldwide in a research note on Wednesday, October 22nd. The Goldman Sachs Group upped their price objective on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a “sell” rating in a research note on Wednesday, August 6th. Stifel Nicolaus set a $83.00 target price on Marriott Vacations Worldwide in a research note on Thursday. Citizens Jmp dropped their price target on Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating for the company in a research note on Friday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marriott Vacations Worldwide in a report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $82.00.

Marriott Vacations Worldwide Stock Up 2.6%

VAC stock opened at $48.39 on Friday. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 10.98, a P/E/G ratio of 0.68 and a beta of 1.50. The company has a debt-to-equity ratio of 2.29, a quick ratio of 3.22 and a current ratio of 3.87. The business’s 50-day moving average is $70.07 and its two-hundred day moving average is $71.13. Marriott Vacations Worldwide has a fifty-two week low of $46.46 and a fifty-two week high of $99.42.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.64 by $0.05. Marriott Vacations Worldwide had a net margin of 3.44% and a return on equity of 11.44%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm earned $1.80 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.700-7.100 EPS. As a group, analysts forecast that Marriott Vacations Worldwide will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were given a $0.79 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $3.16 annualized dividend and a yield of 6.5%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 70.85%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in Marriott Vacations Worldwide by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,931,782 shares of the company’s stock worth $124,101,000 after buying an additional 48,585 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in Marriott Vacations Worldwide by 32.2% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,822,687 shares of the company’s stock valued at $117,089,000 after purchasing an additional 444,126 shares during the last quarter. Senvest Management LLC raised its holdings in Marriott Vacations Worldwide by 19.4% in the second quarter. Senvest Management LLC now owns 1,816,012 shares of the company’s stock worth $131,316,000 after purchasing an additional 294,937 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Marriott Vacations Worldwide by 8.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,139,334 shares of the company’s stock worth $73,191,000 after purchasing an additional 85,230 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of Marriott Vacations Worldwide by 2.8% during the first quarter. T. Rowe Price Investment Management Inc. now owns 800,315 shares of the company’s stock valued at $51,413,000 after buying an additional 21,631 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

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.