Barclays Issues Pessimistic Forecast for Marriott Vacations Worldwide (NYSE:VAC) Stock Price

Marriott Vacations Worldwide (NYSE:VAC) had its target price cut by equities researchers at Barclays from $97.00 to $88.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 25.58% from the company’s previous close.

Several other analysts have also recently commented on the stock. Morgan Stanley upgraded shares of Marriott Vacations Worldwide from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $67.00 to $57.00 in a research note on Tuesday, April 22nd. Truist Financial lowered their price target on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, March 7th. The Goldman Sachs Group upped their target price on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a “sell” rating in a report on Friday. Mizuho cut their price target on Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Stifel Nicolaus lowered their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.25.

Marriott Vacations Worldwide Stock Performance

Shares of Marriott Vacations Worldwide stock traded up $5.43 on Monday, reaching $70.08. 126,492 shares of the stock were exchanged, compared to its average volume of 446,458. The firm has a market capitalization of $2.42 billion, a PE ratio of 13.40, a PEG ratio of 0.67 and a beta of 1.42. Marriott Vacations Worldwide has a 1-year low of $49.22 and a 1-year high of $102.39. The business has a fifty day moving average price of $60.61 and a two-hundred day moving average price of $78.51. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.10. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business posted $1.80 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis. As a group, research analysts anticipate that Marriott Vacations Worldwide will post 6.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Stephanie Sobeck Butera acquired 650 shares of Marriott Vacations Worldwide stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $71.66 per share, with a total value of $46,579.00. Following the purchase, the insider now directly owns 8,770 shares of the company’s stock, valued at approximately $628,458.20. This trade represents a 8.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of hedge funds have recently made changes to their positions in VAC. Blue Trust Inc. lifted its stake in shares of Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock worth $48,000 after purchasing an additional 302 shares in the last quarter. Ananym Capital Management LP acquired a new stake in Marriott Vacations Worldwide in the fourth quarter valued at approximately $21,987,000. Dark Forest Capital Management LP acquired a new stake in Marriott Vacations Worldwide in the fourth quarter valued at approximately $734,000. Norges Bank purchased a new stake in shares of Marriott Vacations Worldwide during the fourth quarter valued at approximately $31,677,000. Finally, Family Office Research LLC acquired a new position in shares of Marriott Vacations Worldwide during the fourth quarter worth $1,702,000. Hedge funds and other 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.