Marriott Vacations Worldwide (NYSE:VAC) Shares Gap Down – Should You Sell?

Marriott Vacations Worldwide Corporation (NYSE:VAC) shares gapped down before the market opened on Thursday . The stock had previously closed at $67.27, but opened at $56.28. Marriott Vacations Worldwide shares last traded at $52.20, with a volume of 330,199 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Marriott Vacations Worldwide in a research report on Thursday, October 30th. Barclays lowered their price objective on shares of Marriott Vacations Worldwide from $87.00 to $64.00 and set an “overweight” rating for the company in a research report on Friday. Citizens Jmp reduced their target price on shares of Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating on the stock in a report on Friday. Truist Financial decreased their target price on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a “buy” rating on the stock in a research report on Thursday, August 21st. Finally, Stifel Nicolaus set a $83.00 price target on Marriott Vacations Worldwide in a research report on Thursday. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $82.00.

Marriott Vacations Worldwide Trading Down 5.1%

The company has a market cap of $1.63 billion, a PE ratio of 10.54, a PEG ratio of 0.72 and a beta of 1.50. The stock has a fifty day moving average of $70.07 and a 200-day moving average of $70.88. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.90 and a current ratio of 3.55.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, November 5th. The company reported $1.69 earnings per share (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 company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the company earned $1.80 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.700-7.100 EPS. Sell-side analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th were issued a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Wednesday, September 17th. Marriott Vacations Worldwide’s dividend payout ratio is currently 70.85%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of Marriott Vacations Worldwide by 22.0% in the third quarter. PNC Financial Services Group Inc. now owns 3,092 shares of the company’s stock valued at $206,000 after acquiring an additional 558 shares in the last quarter. Cibc World Market Inc. raised its holdings in shares of Marriott Vacations Worldwide by 9.4% in the 3rd quarter. Cibc World Market Inc. now owns 29,175 shares of the company’s stock valued at $1,942,000 after purchasing an additional 2,500 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter worth approximately $399,000. MQS Management LLC bought a new position in shares of Marriott Vacations Worldwide during the third quarter valued at approximately $303,000. Finally, Cullen Capital Management LLC raised its stake in Marriott Vacations Worldwide by 48.3% in the third quarter. Cullen Capital Management LLC now owns 14,094 shares of the company’s stock worth $938,000 after buying an additional 4,590 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

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.