Marriott Vacations Worldwide (NYSE:VAC) Given New $64.00 Price Target at Barclays

Marriott Vacations Worldwide (NYSE:VAC) had its target price reduced by equities researchers at Barclays from $87.00 to $64.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 35.31% from the company’s previous close.

Other analysts also recently issued reports about the company. Morgan Stanley set a $70.00 price target on Marriott Vacations Worldwide in a report on Wednesday, October 22nd. Citizens Jmp decreased their target price on Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating for the company in a research note on Friday. The Goldman Sachs Group boosted their price target on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a “sell” rating in a research note on Wednesday, August 6th. Truist Financial cut their price target on Marriott Vacations Worldwide from $128.00 to $127.00 and set a “buy” rating on the stock in a report on Thursday, August 21st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Marriott Vacations Worldwide in a research note on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $82.00.

Marriott Vacations Worldwide Trading Down 4.5%

Shares of Marriott Vacations Worldwide stock traded down $2.21 during midday trading on Friday, reaching $47.30. The company had a trading volume of 682,445 shares, compared to its average volume of 529,208. The stock has a fifty day moving average price of $70.69 and a 200 day moving average price of $70.92. Marriott Vacations Worldwide has a fifty-two week low of $47.21 and a fifty-two week high of $99.42. The firm has a market cap of $1.64 billion, a PE ratio of 10.61, a P/E/G ratio of 0.97 and a beta of 1.50. The company has a debt-to-equity ratio of 2.17, a current ratio of 3.55 and a quick ratio of 2.90.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.69 earnings per share (EPS) for the quarter, topping 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 11.45%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business earned $1.80 EPS. The company’s revenue was down 3.2% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.700-7.100 EPS. On average, equities analysts anticipate that Marriott Vacations Worldwide will post 6.23 earnings per share for the current year.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Advisory Services LLC purchased a new stake in Marriott Vacations Worldwide in the second quarter worth $25,000. Pinnacle Bancorp Inc. bought a new position in shares of Marriott Vacations Worldwide during the 3rd quarter worth $25,000. Hantz Financial Services Inc. increased its holdings in Marriott Vacations Worldwide by 627.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 393 shares of the company’s stock worth $28,000 after acquiring an additional 339 shares during the last quarter. Assetmark Inc. raised its stake in Marriott Vacations Worldwide by 90.6% in the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock valued at $31,000 after acquiring an additional 203 shares during the period. Finally, Allworth Financial LP lifted its holdings in Marriott Vacations Worldwide by 79.8% during the second quarter. Allworth Financial LP now owns 473 shares of the company’s stock valued at $34,000 after purchasing an additional 210 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

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.