Mizuho Forecasts Strong Price Appreciation for Marriott Vacations Worldwide (NYSE:VAC) Stock

Marriott Vacations Worldwide (NYSE:VAC) had its target price increased by investment analysts at Mizuho from $110.00 to $117.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price would suggest a potential upside of 26.24% from the company’s previous close.

VAC has been the subject of several other research reports. Barclays increased their price objective on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Friday, November 8th. JMP Securities dropped their price target on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus reduced their price objective on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Truist Financial cut their target price on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. Finally, StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.05.

Marriott Vacations Worldwide Price Performance

Shares of VAC opened at $92.68 on Tuesday. The stock has a 50 day simple moving average of $77.30 and a 200 day simple moving average of $82.43. Marriott Vacations Worldwide has a 52-week low of $67.28 and a 52-week high of $108.57. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The firm has a market capitalization of $3.24 billion, a PE ratio of 17.65, a P/E/G ratio of 0.85 and a beta of 1.79.

Insider Buying and Selling

In related news, insider Jason P. Marino purchased 700 shares of the stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of $69.00 per share, with a total value of $48,300.00. Following the acquisition, the insider now directly owns 15,851 shares in the company, valued at $1,093,719. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Large investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in Marriott Vacations Worldwide by 615.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock valued at $31,000 after buying an additional 246 shares in the last quarter. Quarry LP boosted its position in shares of Marriott Vacations Worldwide by 368.4% in the second quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after acquiring an additional 350 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Marriott Vacations Worldwide in the third quarter valued at about $39,000. Venturi Wealth Management LLC grew its stake in shares of Marriott Vacations Worldwide by 6,881.3% in the third quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company’s stock valued at $82,000 after acquiring an additional 1,101 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in Marriott Vacations Worldwide during the second quarter worth about $90,000. Institutional investors own 89.52% of the company’s stock.

About Marriott Vacations Worldwide

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.