Marriott Vacations Worldwide (NYSE:VAC) Stock Price Down 7.5% on Analyst Downgrade

Marriott Vacations Worldwide Co. (NYSE:VAC) dropped 7.5% during mid-day trading on Thursday after Stifel Nicolaus lowered their price target on the stock from $112.00 to $108.00. Stifel Nicolaus currently has a buy rating on the stock. Marriott Vacations Worldwide traded as low as $79.67 and last traded at $78.94. Approximately 89,682 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 389,090 shares. The stock had previously closed at $85.38.

Several other research analysts have also recently weighed in on the company. Morgan Stanley assumed coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They set an “underweight” rating and a $87.00 target price on the stock. Mizuho boosted their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday. Truist Financial raised their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays raised shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $97.00 to $116.00 in a research note on Friday, December 13th. Finally, The Goldman Sachs Group raised their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Marriott Vacations Worldwide has an average rating of “Hold” and an average target price of $105.38.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC purchased a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP acquired a new position in Marriott Vacations Worldwide in the third quarter valued at $39,000. Blue Trust Inc. increased its position 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. Brown Lisle Cummings Inc. purchased a new stake in shares of Marriott Vacations Worldwide in the 4th quarter valued at about $50,000. Finally, Quarry LP grew its stake in Marriott Vacations Worldwide by 81.6% during the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after buying an additional 363 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Stock Performance

The company has a market cap of $2.70 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. The firm has a 50-day simple moving average of $86.61 and a 200 day simple moving average of $83.01. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.35. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. On average, sell-side analysts predict that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio is presently 60.19%.

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.