Marriott Vacations Worldwide (NYSE:VAC) Rating Increased to Hold at StockNews.com

Marriott Vacations Worldwide (NYSE:VAC) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Other equities analysts have also issued research reports about the stock. Truist Financial lifted their price target on shares of Marriott Vacations Worldwide from $159.00 to $161.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Barclays lifted their target price on shares of Marriott Vacations Worldwide from $102.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, May 8th. Mizuho reduced their target price on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating on the stock in a report on Friday, June 14th. Stifel Nicolaus lifted their target price on shares of Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Marriott Vacations Worldwide from $116.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $112.22.

Marriott Vacations Worldwide Stock Down 1.3 %

Shares of NYSE VAC opened at $87.03 on Thursday. Marriott Vacations Worldwide has a 1 year low of $72.78 and a 1 year high of $133.99. The firm’s 50 day moving average price is $89.89 and its 200 day moving average price is $91.75. The firm has a market cap of $3.06 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 0.63 and a beta of 1.81. The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.62 and a current ratio of 3.12.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Monday, May 6th. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.14. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. Marriott Vacations Worldwide had a net margin of 4.50% and a return on equity of 11.77%. Marriott Vacations Worldwide’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the business earned $2.54 EPS. As a group, sell-side analysts anticipate that Marriott Vacations Worldwide will post 7.65 earnings per share for the current year.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several hedge funds and other institutional investors have recently modified their holdings of VAC. Graham Capital Management L.P. increased its position in shares of Marriott Vacations Worldwide by 47.5% in the 3rd quarter. Graham Capital Management L.P. now owns 2,719 shares of the company’s stock worth $274,000 after purchasing an additional 876 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter valued at about $359,000. Teachers Retirement System of The State of Kentucky grew its position in shares of Marriott Vacations Worldwide by 87.0% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 13,069 shares of the company’s stock valued at $1,316,000 after buying an additional 6,082 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Marriott Vacations Worldwide by 81.6% during the 4th quarter. Nordea Investment Management AB now owns 32,586 shares of the company’s stock valued at $2,775,000 after buying an additional 14,646 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at about $212,000. 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.