Marriott Vacations Worldwide (NYSE:VAC) Given New $82.00 Price Target at Barclays

Marriott Vacations Worldwide (NYSE:VAC) had its target price lowered by Barclays from $106.00 to $82.00 in a research report report published on Friday, Benzinga reports. The firm currently has an equal weight rating on the stock.

VAC has been the topic of several other research reports. Mizuho decreased their price objective on Marriott Vacations Worldwide from $128.00 to $126.00 and set a buy rating on the stock in a report on Friday, June 14th. JMP Securities reiterated a market outperform rating and issued a $115.00 target price on shares of Marriott Vacations Worldwide in a report on Thursday, July 18th. Stifel Nicolaus reduced their target price on Marriott Vacations Worldwide from $117.00 to $108.00 and set a buy rating on the stock in a report on Thursday. Truist Financial reduced their target price on Marriott Vacations Worldwide from $161.00 to $159.00 and set a buy rating on the stock in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price 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 equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of Hold and an average price target of $105.56.

Marriott Vacations Worldwide Trading Down 1.6 %

Shares of VAC stock traded down $1.22 during mid-day trading on Friday, hitting $76.66. 789,310 shares of the company’s stock were exchanged, compared to its average volume of 510,696. Marriott Vacations Worldwide has a fifty-two week low of $72.78 and a fifty-two week high of $117.16. The stock has a 50-day simple moving average of $86.35 and a two-hundred day simple moving average of $91.69. The company has a quick ratio of 2.62, a current ratio of 3.12 and a debt-to-equity ratio of 1.32. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 0.71 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.89). Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the business earned $2.19 EPS. Marriott Vacations Worldwide’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities analysts expect that Marriott Vacations Worldwide will post 6.18 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

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 $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.97%. The ex-dividend date was Wednesday, May 22nd. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.19%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth about $212,000. Pacer Advisors Inc. increased its position in shares of Marriott Vacations Worldwide by 75.7% during the fourth quarter. Pacer Advisors Inc. now owns 4,954 shares of the company’s stock worth $421,000 after acquiring an additional 2,135 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Marriott Vacations Worldwide by 234,864.3% during the fourth quarter. International Assets Investment Management LLC now owns 65,790 shares of the company’s stock worth $5,585,000 after acquiring an additional 65,762 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth about $313,000. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth about $789,000. 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.