Marriott Vacations Worldwide (NYSE:VAC) Stock Price Down 5.4%

Marriott Vacations Worldwide Co. (NYSE:VAC) was down 5.4% on Monday . The company traded as low as $82.52 and last traded at $82.63. Approximately 165,120 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 490,544 shares. The stock had previously closed at $87.32.

Analysts Set New Price Targets

A number of equities analysts have weighed in on VAC shares. Truist Financial upped their target price on Marriott Vacations Worldwide from $159.00 to $161.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Stifel Nicolaus upped their target price on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Barclays increased their price objective on Marriott Vacations Worldwide from $102.00 to $106.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 8th. Mizuho reduced their price objective on Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, June 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Marriott Vacations Worldwide from $116.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $112.22.

Marriott Vacations Worldwide Price Performance

The company has a market capitalization of $2.92 billion, a PE ratio of 15.45, a PEG ratio of 0.65 and a beta of 1.82. The firm has a fifty day moving average of $92.24 and a two-hundred day moving average of $91.98. The company has a current ratio of 3.12, a quick ratio of 2.62 and a debt-to-equity ratio of 2.22.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Monday, May 6th. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.14. Marriott Vacations Worldwide had a return on equity of 11.77% and a net margin of 4.50%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the business posted $2.54 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Research analysts anticipate that Marriott Vacations Worldwide Co. will post 7.65 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.66%. The ex-dividend date was Wednesday, May 22nd. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 56.19%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VAC. Allspring Global Investments Holdings LLC increased its position in Marriott Vacations Worldwide by 615.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock valued at $31,000 after buying an additional 246 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Marriott Vacations Worldwide during the 1st quarter valued at approximately $41,000. Fifth Third Bancorp increased its position in Marriott Vacations Worldwide by 707.5% during the 1st quarter. Fifth Third Bancorp now owns 428 shares of the company’s stock valued at $46,000 after buying an additional 375 shares in the last quarter. Quadrant Capital Group LLC increased its position in Marriott Vacations Worldwide by 20.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock valued at $86,000 after buying an additional 175 shares in the last quarter. Finally, TFO Wealth Partners LLC increased its position in Marriott Vacations Worldwide by 61,550.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,233 shares of the company’s stock valued at $105,000 after buying an additional 1,231 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

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.