Marriott Vacations Worldwide (NYSE:VAC) Price Target Lowered to $140.00 at Truist Financial

Marriott Vacations Worldwide (NYSE:VAC) had its price target decreased by stock analysts at Truist Financial from $142.00 to $140.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 95.69% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus lowered 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 research note on Thursday, February 27th. Mizuho boosted their price objective 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. Morgan Stanley started coverage on shares of Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an “underweight” rating and a $87.00 target price for the company. Barclays decreased their price target on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Finally, The Goldman Sachs Group raised their price objective on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $102.75.

Marriott Vacations Worldwide Stock Performance

Shares of Marriott Vacations Worldwide stock traded down $0.18 on Friday, reaching $71.54. 72,493 shares of the stock were exchanged, compared to its average volume of 446,427. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The firm has a market capitalization of $2.50 billion, a PE ratio of 13.64, 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 business has a fifty day moving average price of $85.19 and a two-hundred day moving average price of $83.18.

Marriott Vacations Worldwide (NYSE:VAC) last issued its 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. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. As a group, research analysts anticipate that Marriott Vacations Worldwide will post 6.23 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Stephanie Sobeck Butera bought 650 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 8,770 shares in the company, valued at $628,458.20. The trade was a 8.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several hedge funds have recently made changes to their positions in VAC. Blue Trust Inc. increased its stake in Marriott Vacations Worldwide by 130.7% in the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after purchasing an additional 302 shares during the last quarter. New South Capital Management Inc. increased its stake in shares of Marriott Vacations Worldwide by 6.6% during the 3rd quarter. New South Capital Management Inc. now owns 364,394 shares of the company’s stock valued at $26,776,000 after acquiring an additional 22,672 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Marriott Vacations Worldwide by 36.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 27,094 shares of the company’s stock worth $1,991,000 after acquiring an additional 7,174 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Marriott Vacations Worldwide in the third quarter worth approximately $348,000. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in Marriott Vacations Worldwide by 18.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock valued at $81,032,000 after purchasing an additional 168,130 shares during the period. Institutional investors and hedge funds 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.