Marriott Vacations Worldwide (NYSE:VAC) PT Lowered to $126.00

Marriott Vacations Worldwide (NYSE:VAC) had its target price dropped by Mizuho from $128.00 to $126.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Mizuho’s price objective indicates a potential upside of 47.99% from the company’s current price.

A number of other analysts also recently issued reports on VAC. Truist Financial lifted their price target on Marriott Vacations Worldwide from $159.00 to $161.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. JPMorgan Chase & Co. raised their price objective on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. Stifel Nicolaus raised their price objective on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. JMP Securities raised their price objective on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a report on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Marriott Vacations Worldwide from $116.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $112.22.

Marriott Vacations Worldwide Stock Down 3.3 %

VAC stock opened at $85.14 on Friday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.62 and a current ratio of 3.12. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 0.65 and a beta of 1.81. Marriott Vacations Worldwide has a fifty-two week low of $72.78 and a fifty-two week high of $133.99. The stock has a fifty day moving average of $95.77 and a 200-day moving average of $91.31.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Monday, May 6th. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.66 by $0.14. Marriott Vacations Worldwide had a return on equity of 11.77% and a net margin of 4.50%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $2.54 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. As a group, equities research analysts predict that Marriott Vacations Worldwide will post 7.65 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in VAC. Swiss National Bank boosted its stake in shares of Marriott Vacations Worldwide by 0.3% in the third quarter. Swiss National Bank now owns 76,936 shares of the company’s stock worth $7,742,000 after buying an additional 200 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Marriott Vacations Worldwide by 146.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,366 shares of the company’s stock worth $439,000 after buying an additional 2,593 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Marriott Vacations Worldwide by 15.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 22,540 shares of the company’s stock worth $2,268,000 after buying an additional 3,097 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Marriott Vacations Worldwide by 251.1% in the third quarter. Canada Pension Plan Investment Board now owns 21,420 shares of the company’s stock worth $2,155,000 after buying an additional 15,320 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of Marriott Vacations Worldwide by 477.7% in the third quarter. UBS Group AG now owns 44,066 shares of the company’s stock worth $4,434,000 after buying an additional 36,438 shares during the last quarter. 89.52% of the stock is owned by 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.