Marriott Vacations Worldwide (NYSE:VAC) Given New $60.00 Price Target at Citizens Jmp

Marriott Vacations Worldwide (NYSE:VAC) had its price objective cut by Citizens Jmp from $115.00 to $60.00 in a report released on Friday,Benzinga reports. They currently have a market outperform rating on the stock.

VAC has been the topic of a number of other research reports. Truist Financial lowered their target price 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. Weiss Ratings restated a “hold (c-)” rating on shares of Marriott Vacations Worldwide in a research note on Thursday, October 30th. The Goldman Sachs Group upped their target price on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the company a “sell” rating in a research note on Wednesday, August 6th. Morgan Stanley set a $70.00 price target on shares of Marriott Vacations Worldwide in a report on Wednesday, October 22nd. Finally, Stifel Nicolaus set a $83.00 price target on shares of Marriott Vacations Worldwide in a research note on Thursday. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $82.00.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE VAC traded down $2.51 during trading hours on Friday, hitting $47.00. 1,431,459 shares of the stock were exchanged, compared to its average volume of 468,098. Marriott Vacations Worldwide has a one year low of $46.46 and a one year high of $99.42. The company’s 50 day moving average is $70.07 and its 200 day moving average is $70.88. The company has a debt-to-equity ratio of 1.43, a current ratio of 3.55 and a quick ratio of 2.90. The firm has a market capitalization of $1.63 billion, a P/E ratio of 10.54, a P/E/G ratio of 0.72 and a beta of 1.50.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, November 5th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.05. Marriott Vacations Worldwide had a net margin of 3.44% and a return on equity of 11.44%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the business earned $1.80 EPS. The business’s revenue was down 3.2% on a year-over-year basis. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.700-7.100 EPS. On average, research analysts expect that Marriott Vacations Worldwide will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Marriott Vacations Worldwide’s dividend payout ratio is currently 70.85%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VAC. Nisa Investment Advisors LLC boosted its holdings in shares of Marriott Vacations Worldwide by 2.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,047 shares of the company’s stock worth $365,000 after acquiring an additional 139 shares in the last quarter. Assetmark Inc. boosted its stake in Marriott Vacations Worldwide by 90.6% in the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $31,000 after purchasing an additional 203 shares in the last quarter. Allworth Financial LP boosted its stake in Marriott Vacations Worldwide by 79.8% in the second quarter. Allworth Financial LP now owns 473 shares of the company’s stock worth $34,000 after purchasing an additional 210 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Marriott Vacations Worldwide by 21.8% during the third quarter. Spire Wealth Management now owns 1,335 shares of the company’s stock worth $89,000 after purchasing an additional 239 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Marriott Vacations Worldwide by 7.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,827 shares of the company’s stock valued at $246,000 after buying an additional 253 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

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.