Marriott Vacations Worldwide (NYSE:VAC) Price Target Cut to $108.00 by Analysts at Stifel Nicolaus

Marriott Vacations Worldwide (NYSE:VAC) had its price target lowered by Stifel Nicolaus from $112.00 to $108.00 in a report issued on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

VAC has been the topic of several other reports. Barclays upgraded Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $97.00 to $116.00 in a report on Friday, December 13th. StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Morgan Stanley started 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 lifted their target price on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group increased their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Marriott Vacations Worldwide has a consensus rating of “Hold” and a consensus target price of $105.38.

Marriott Vacations Worldwide Stock Down 9.3 %

Marriott Vacations Worldwide stock opened at $77.40 on Thursday. Marriott Vacations Worldwide has a 12 month low of $67.28 and a 12 month high of $108.57. The stock has a market capitalization of $2.70 billion, a PE ratio of 14.74, a price-to-earnings-growth 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. The business has a 50 day simple moving average of $86.61 and a 200-day simple moving average of $83.01.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data 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. 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 analysts’ expectations of $1.24 billion. On average, analysts anticipate that Marriott Vacations Worldwide will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 60.19%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. True Wealth Design LLC purchased a new position in shares of Marriott Vacations Worldwide during the 3rd quarter worth $32,000. Capital Performance Advisors LLP acquired a new stake in shares of Marriott Vacations Worldwide during the third quarter valued at about $39,000. Blue Trust Inc. raised its stake in shares of 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 acquiring an additional 302 shares during the period. Brown Lisle Cummings Inc. acquired a new position in shares of Marriott Vacations Worldwide in the 4th quarter worth approximately $50,000. Finally, Quarry LP boosted its position in shares of Marriott Vacations Worldwide by 81.6% during the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after purchasing an additional 363 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

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.