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

Marriott Vacations Worldwide Co. (NYSE:VAC) reached a new 52-week low on Tuesday . The company traded as low as $65.43 and last traded at $65.47, with a volume of 578989 shares. The stock had previously closed at $68.55.

Wall Street Analysts Forecast Growth

VAC has been the topic of a number of recent research reports. Stifel Nicolaus cut their price target on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Barclays cut their price target on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Morgan Stanley initiated coverage on shares of Marriott Vacations Worldwide in a report on Monday, January 6th. They set an “underweight” rating and a $87.00 price target on the stock. The Goldman Sachs Group lifted their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Finally, Mizuho lifted their price target on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $102.75.

Marriott Vacations Worldwide Price Performance

The stock has a market capitalization of $2.33 billion, a P/E ratio of 12.70, a PEG ratio of 0.67 and a beta of 1.83. The business has a fifty day simple moving average of $80.90 and a 200-day simple moving average of $82.77. 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 posted its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.35. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. Sell-side analysts expect that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide’s payout ratio is 56.23%.

Insider Buying and Selling

In other news, insider Stephanie Sobeck Butera bought 650 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the acquisition, the insider now directly owns 8,770 shares in the company, valued at approximately $628,458.20. This trade represents a 8.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of large investors have recently modified their holdings of the company. True Wealth Design LLC lifted its holdings in shares of 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 in the last quarter. Pacer Advisors Inc. raised its position in Marriott Vacations Worldwide by 2.7% in the 4th quarter. Pacer Advisors Inc. now owns 6,404 shares of the company’s stock valued at $575,000 after buying an additional 166 shares during the last quarter. Stifel Financial Corp raised its position in Marriott Vacations Worldwide by 3.4% in the 3rd quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock valued at $411,000 after buying an additional 184 shares during the last quarter. Xponance Inc. raised its position in Marriott Vacations Worldwide by 6.2% in the 4th quarter. Xponance Inc. now owns 3,809 shares of the company’s stock valued at $342,000 after buying an additional 221 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Marriott Vacations Worldwide by 130.7% in the 4th quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after buying an additional 302 shares during the last quarter. 89.52% of the stock is currently 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.