Truist Financial Raises Marriott Vacations Worldwide (NYSE:VAC) Price Target to $142.00

Marriott Vacations Worldwide (NYSE:VAC) had its target price raised by equities research analysts at Truist Financial from $139.00 to $142.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 44.16% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. The Goldman Sachs Group began coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price target on the stock. Barclays raised their price objective on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. JMP Securities decreased their price objective on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a report on Friday, August 2nd. Finally, Stifel Nicolaus lifted their price target on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $101.56.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE:VAC opened at $98.50 on Tuesday. The firm’s 50 day simple moving average is $80.67 and its 200 day simple moving average is $82.04. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 0.85 and a beta of 1.79. Marriott Vacations Worldwide has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Jason P. Marino purchased 700 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average price of $69.00 per share, with a total value of $48,300.00. Following the transaction, the insider now owns 15,851 shares in the company, valued at $1,093,719. The trade was a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Marriott Vacations Worldwide

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verity Asset Management Inc. increased its stake in shares of Marriott Vacations Worldwide by 3.1% during the 3rd quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock worth $316,000 after purchasing an additional 131 shares during the last quarter. Stifel Financial Corp lifted its holdings in Marriott Vacations Worldwide by 3.4% during the third quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock valued at $411,000 after purchasing an additional 184 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Marriott Vacations Worldwide by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock worth $371,000 after purchasing an additional 216 shares in the last quarter. Covestor Ltd raised its position in shares of Marriott Vacations Worldwide by 32.3% in the third quarter. Covestor Ltd now owns 1,372 shares of the company’s stock valued at $101,000 after purchasing an additional 335 shares during the period. Finally, Quarry LP lifted its stake in shares of Marriott Vacations Worldwide by 368.4% during the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after buying an additional 350 shares in the last quarter. 89.52% of the stock is owned by 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.