Marriott Vacations Worldwide (NYSE:VAC) Hits New 52-Week Low – What’s Next?

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) hit a new 52-week low during trading on Wednesday . The company traded as low as $66.85 and last traded at $67.86, with a volume of 42513 shares trading hands. The stock had previously closed at $67.69.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VAC. Morgan Stanley assumed coverage on Marriott Vacations Worldwide in a research note on Monday, January 6th. They issued an “underweight” rating and a $87.00 price objective for the company. Truist Financial decreased their price target on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Mizuho raised their price target on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Stifel Nicolaus reduced their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Barclays lowered their target price on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $102.75.

Marriott Vacations Worldwide Stock Performance

The company’s 50-day moving average price is $83.22 and its two-hundred day moving average price is $83.11. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 0.67 and a beta of 1.83. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86.

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

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a $0.79 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a yield of 4.76%. Marriott Vacations Worldwide’s payout ratio is currently 56.23%.

Insiders Place Their Bets

In related news, insider Stephanie Sobeck Butera acquired 650 shares of the company’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 of the company’s stock, valued at approximately $628,458.20. This trade represents a 8.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

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 company. Forum Financial Management LP acquired a new position in shares of Marriott Vacations Worldwide during the fourth quarter valued at about $203,000. Ananym Capital Management LP purchased a new position in Marriott Vacations Worldwide in the fourth quarter valued at approximately $21,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Marriott Vacations Worldwide by 16.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 96,139 shares of the company’s stock valued at $8,633,000 after purchasing an additional 13,840 shares during the period. Voloridge Investment Management LLC purchased a new stake in Marriott Vacations Worldwide during the 4th quarter worth about $545,000. Finally, True Wealth Design LLC boosted its stake in Marriott Vacations Worldwide by 35.2% in the 4th quarter. True Wealth Design LLC now owns 595 shares of the company’s stock worth $53,000 after purchasing an additional 155 shares during the period. 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.