Barclays Lowers Marriott Vacations Worldwide (NYSE:VAC) Price Target to $82.00

Marriott Vacations Worldwide (NYSE:VAC) had its price objective cut by Barclays from $106.00 to $82.00 in a report published on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.

VAC has been the subject of a number of other reports. Mizuho lowered their price objective on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a buy rating for the company in a report on Friday, June 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Marriott Vacations Worldwide from $116.00 to $121.00 and gave the stock a buy rating in a report on Thursday, May 9th. JMP Securities restated a market outperform rating and issued a $115.00 price objective on shares of Marriott Vacations Worldwide in a report on Thursday, July 18th. Truist Financial lowered their price target on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a buy rating for the company in a report on Friday, July 19th. Finally, Stifel Nicolaus lowered their price target on shares of Marriott Vacations Worldwide from $117.00 to $108.00 and set a buy rating for the company in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of Hold and a consensus target price of $105.56.

Marriott Vacations Worldwide Price Performance

VAC stock opened at $72.04 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 3.12 and a quick ratio of 2.62. Marriott Vacations Worldwide has a one year low of $71.44 and a one year high of $117.16. The stock has a market cap of $2.53 billion, a PE ratio of 13.32, a P/E/G ratio of 0.71 and a beta of 1.81. The firm has a 50 day simple moving average of $85.93 and a two-hundred day simple moving average of $91.74.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. Marriott Vacations Worldwide’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.19 EPS. On average, analysts predict that Marriott Vacations Worldwide will post 6.18 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend was Wednesday, May 22nd. Marriott Vacations Worldwide’s payout ratio is currently 56.19%.

Institutional Trading of Marriott Vacations Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in shares of Marriott Vacations Worldwide by 615.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock worth $31,000 after buying an additional 246 shares during the period. Fidelis Capital Partners LLC purchased a new stake in shares of Marriott Vacations Worldwide in the 1st quarter worth about $41,000. Fifth Third Bancorp grew its position in shares of Marriott Vacations Worldwide by 707.5% in the 1st quarter. Fifth Third Bancorp now owns 428 shares of the company’s stock worth $46,000 after buying an additional 375 shares during the period. Quadrant Capital Group LLC grew its position in shares of Marriott Vacations Worldwide by 20.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock worth $86,000 after buying an additional 175 shares during the period. Finally, Innealta Capital LLC purchased a new stake in shares of Marriott Vacations Worldwide in the 2nd quarter worth about $90,000. 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.