Barclays Issues Pessimistic Forecast for Marriott Vacations Worldwide (NYSE:VAC) Stock Price

Marriott Vacations Worldwide (NYSE:VAC) had its target price dropped by research analysts at Barclays from $116.00 to $97.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 28.52% from the company’s current price.

VAC has been the topic of several other reports. Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They set an “underweight” rating and a $87.00 target price on the stock. Mizuho lifted their target price on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday. Truist Financial raised their price objective on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Stifel Nicolaus lowered their target price 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. Finally, The Goldman Sachs Group raised their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and an average price target of $103.00.

Marriott Vacations Worldwide Stock Down 2.6 %

VAC stock traded down $2.00 during midday trading on Friday, reaching $75.47. The company had a trading volume of 859,042 shares, compared to its average volume of 432,565. The company has a 50 day moving average of $86.61 and a two-hundred day moving average of $83.01. The company has a market capitalization of $2.63 billion, a P/E ratio of 14.38, a PEG ratio of 0.67 and a beta of 1.83. Marriott Vacations Worldwide has a 1 year low of $67.28 and a 1 year high of $108.57. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19.

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

Institutional Trading of Marriott Vacations Worldwide

Several large investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its holdings in Marriott Vacations Worldwide by 31.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,837 shares of the company’s stock worth $576,000 after acquiring an additional 1,874 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of Marriott Vacations Worldwide during the third quarter worth approximately $225,000. Nisa Investment Advisors LLC grew its stake in shares of Marriott Vacations Worldwide by 53.4% during the third quarter. Nisa Investment Advisors LLC now owns 8,933 shares of the company’s stock valued at $663,000 after purchasing an additional 3,110 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Marriott Vacations Worldwide by 160.0% in the third quarter. Harbor Capital Advisors Inc. now owns 66,185 shares of the company’s stock valued at $4,863,000 after acquiring an additional 40,728 shares during the last quarter. Finally, Verity Asset Management Inc. increased its position in Marriott Vacations Worldwide by 3.1% in the third 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 period. 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.