Barclays Increases Marriott Vacations Worldwide (NYSE:VAC) Price Target to $97.00

Marriott Vacations Worldwide (NYSE:VAC) had its price target upped by analysts at Barclays from $74.00 to $97.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 1.73% from the company’s previous close.

VAC has been the topic of several other reports. Truist Financial lowered their price objective on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. The Goldman Sachs Group initiated coverage on Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price objective for the company. Deutsche Bank Aktiengesellschaft lowered their target price on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. JMP Securities decreased their price target on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a report on Friday, August 2nd. Finally, Stifel Nicolaus dropped their price objective on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a research note on Friday, September 13th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $98.95.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC traded down $0.63 during trading on Friday, hitting $95.35. The company had a trading volume of 407,398 shares, compared to its average volume of 464,035. The company has a market cap of $3.34 billion, a P/E ratio of 18.11, a PEG ratio of 0.73 and a beta of 1.79. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28. The business’s 50-day moving average is $75.64 and its 200 day moving average is $82.76. Marriott Vacations Worldwide has a 52 week low of $67.28 and a 52 week high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, November 6th. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.53 by $0.27. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.27 billion. Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. Equities research analysts predict that Marriott Vacations Worldwide will post 6.08 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jason P. Marino bought 700 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of $69.00 per share, with a total value of $48,300.00. Following the completion of the transaction, the insider now directly owns 15,851 shares of the company’s stock, valued at $1,093,719. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several large investors have recently made changes to their positions in the business. Verity Asset Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 3.1% during the third quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock worth $316,000 after buying an additional 131 shares during the last quarter. Covestor Ltd increased its position in Marriott Vacations Worldwide by 10.5% during the first quarter. Covestor Ltd now owns 1,670 shares of the company’s stock worth $180,000 after acquiring an additional 159 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Marriott Vacations Worldwide by 5.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock valued at $371,000 after purchasing an additional 216 shares during the period. Allspring Global Investments Holdings LLC grew its position in 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 purchasing an additional 246 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Marriott Vacations Worldwide by 368.4% during the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after purchasing an additional 350 shares during the period. Institutional investors and hedge funds 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.