Marriott Vacations Worldwide (NYSE:VAC) Hits New 12-Month Low – Should You Sell?

Marriott Vacations Worldwide Co. (NYSE:VAC) shares reached a new 52-week low on Tuesday . The company traded as low as $62.18 and last traded at $63.32, with a volume of 67266 shares traded. The stock had previously closed at $64.24.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Mizuho raised their target price on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Morgan Stanley assumed coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 price target on the stock. The Goldman Sachs Group upped their price objective on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Truist Financial dropped their target price on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Finally, Barclays cut their target price on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Marriott Vacations Worldwide has an average rating of “Hold” and an average price target of $102.75.

Marriott Vacations Worldwide Trading Down 2.2 %

The stock’s 50 day simple moving average is $78.32 and its 200 day simple moving average is $82.66. The firm has a market cap of $2.19 billion, a PE ratio of 11.97, a PEG ratio of 0.67 and a beta of 1.83. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53.

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

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a yield of 5.03%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.23%.

Insiders Place Their Bets

In related news, insider Stephanie Sobeck Butera acquired 650 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the acquisition, the insider now owns 8,770 shares in the company, valued at approximately $628,458.20. This represents a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of large investors have recently bought and sold shares of the stock. True Wealth Design LLC bought a new position in shares of Marriott Vacations Worldwide in the third quarter worth approximately $32,000. Blue Trust Inc. increased its position in shares of Marriott Vacations Worldwide by 130.7% in the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after acquiring an additional 302 shares during the period. Brown Lisle Cummings Inc. bought a new position in shares of Marriott Vacations Worldwide during the fourth quarter valued at about $50,000. Quarry LP boosted its holdings in shares of Marriott Vacations Worldwide by 81.6% during the third quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after purchasing an additional 363 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter worth about $89,000. 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.