The Goldman Sachs Group Issues Positive Forecast for Marriott Vacations Worldwide (NYSE:VAC) Stock Price

Marriott Vacations Worldwide (NYSE:VAC) had its price target boosted by equities research analysts at The Goldman Sachs Group from $70.00 to $85.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential downside of 11.06% from the stock’s current price.

A number of other brokerages also recently issued reports on VAC. Mizuho boosted their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays increased their price objective on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Stifel Nicolaus increased their price target on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Truist Financial boosted their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Marriott Vacations Worldwide has an average rating of “Hold” and an average target price of $104.11.

Marriott Vacations Worldwide Trading Down 1.2 %

Shares of Marriott Vacations Worldwide stock opened at $95.57 on Tuesday. The company’s fifty day simple moving average is $85.16 and its 200-day simple moving average is $82.01. Marriott Vacations Worldwide has a 1-year low of $67.28 and a 1-year high of $108.57. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The stock has a market capitalization of $3.34 billion, a PE ratio of 18.20, a P/E/G ratio of 0.88 and a beta of 1.84.

Insider Activity at Marriott Vacations Worldwide

In other news, insider Jason P. Marino bought 700 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average cost of $69.00 per share, with a total value of $48,300.00. Following the transaction, the insider now directly owns 15,851 shares in the company, valued at approximately $1,093,719. This trade represents a 4.62 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Large investors have recently bought and sold shares of the business. Verity Asset Management Inc. grew its stake in Marriott Vacations Worldwide by 3.1% in the third quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock valued at $316,000 after purchasing an additional 131 shares during the last quarter. Stifel Financial Corp increased its position in Marriott Vacations Worldwide by 3.4% during the 3rd quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock valued at $411,000 after buying an additional 184 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Marriott Vacations Worldwide by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock valued at $371,000 after buying an additional 216 shares during the last quarter. Covestor Ltd raised its stake in Marriott Vacations Worldwide by 32.3% in the third quarter. Covestor Ltd now owns 1,372 shares of the company’s stock valued at $101,000 after buying an additional 335 shares during the last quarter. Finally, Quarry LP boosted its holdings in Marriott Vacations Worldwide by 368.4% in the second quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after acquiring an additional 350 shares in the last quarter. Institutional investors 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.