Barclays Cuts Marriott Vacations Worldwide (NYSE:VAC) Price Target to $74.00

Marriott Vacations Worldwide (NYSE:VAC) had its price objective reduced by Barclays from $82.00 to $74.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also weighed in on VAC. Stifel Nicolaus lowered 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 report on Friday, September 13th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a buy rating on the stock in a research report on Tuesday, August 6th. JMP Securities decreased their target price on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a market outperform rating on the stock in a research report on Friday, August 2nd. StockNews.com lowered shares of Marriott Vacations Worldwide from a hold rating to a sell rating in a research report on Friday, July 19th. Finally, Truist Financial decreased their target price 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. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $96.65.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC opened at $76.50 on Thursday. The firm’s fifty day moving average price is $74.86 and its 200 day moving average price is $87.38. 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 2.21, a current ratio of 3.28 and a quick ratio of 2.72. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 0.70 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the business earned $2.19 earnings per share. The business’s quarterly revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts expect that Marriott Vacations Worldwide will post 6.11 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be given a $0.76 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.04 annualized dividend and a dividend yield of 3.97%. Marriott Vacations Worldwide’s dividend payout ratio is presently 56.19%.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, insider Jason P. Marino acquired 700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the transaction, the insider now directly owns 15,851 shares of the company’s stock, valued at $1,093,719. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VAC. Impactive Capital LP acquired a new position in Marriott Vacations Worldwide in the 1st quarter valued at about $123,613,000. Burgundy Asset Management Ltd. raised its stake in Marriott Vacations Worldwide by 55.0% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,064,068 shares of the company’s stock valued at $90,329,000 after purchasing an additional 377,766 shares during the last quarter. Norges Bank acquired a new position in Marriott Vacations Worldwide in the 4th quarter valued at about $31,220,000. Capital World Investors acquired a new position in Marriott Vacations Worldwide in the 4th quarter valued at about $210,000. Finally, GRS Advisors LLC raised its stake in Marriott Vacations Worldwide by 2,050.8% in the 4th quarter. GRS Advisors LLC now owns 242,288 shares of the company’s stock valued at $20,568,000 after purchasing an additional 231,023 shares during the last quarter. Institutional investors and hedge funds 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.