Marriott Vacations Worldwide (NYSE:VAC) Shares Down 7.5% After Analyst Downgrade

Marriott Vacations Worldwide Co. (NYSE:VAC) traded down 7.5% during mid-day trading on Thursday after Stifel Nicolaus lowered their price target on the stock from $112.00 to $108.00. Stifel Nicolaus currently has a buy rating on the stock. Marriott Vacations Worldwide traded as low as $79.67 and last traded at $78.94. 89,682 shares traded hands during trading, a decline of 77% from the average session volume of 389,090 shares. The stock had previously closed at $85.38.

A number of other equities analysts also recently issued reports on VAC. The Goldman Sachs Group increased their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Barclays raised Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $97.00 to $116.00 in a research note on Friday, December 13th. Mizuho increased their price objective 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. Finally, Truist Financial upped their price target on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two equities 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. According to data from MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of “Hold” and an average price target of $105.38.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Large investors have recently bought and sold shares of the stock. Verity Asset Management Inc. increased its stake in Marriott Vacations Worldwide by 3.1% during the third quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock worth $316,000 after acquiring an additional 131 shares during the last quarter. True Wealth Design LLC lifted its position in shares of Marriott Vacations Worldwide by 35.2% during the fourth 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. grew its holdings in Marriott Vacations Worldwide by 2.7% during the 4th quarter. Pacer Advisors Inc. now owns 6,404 shares of the company’s stock valued at $575,000 after purchasing an additional 166 shares in the last quarter. Stifel Financial Corp lifted its holdings in Marriott Vacations Worldwide by 3.4% in the 3rd quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock worth $411,000 after buying an additional 184 shares in the last quarter. Finally, Xponance Inc. grew its stake in shares of Marriott Vacations Worldwide by 6.2% during the fourth quarter. Xponance Inc. now owns 3,809 shares of the company’s stock valued at $342,000 after acquiring an additional 221 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Performance

The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 0.67 and a beta of 1.83. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The company has a 50 day moving average of $86.61 and a 200 day moving average of $83.01.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $1.24 billion. As a group, equities research analysts expect that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

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

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.