StockNews.com Downgrades Marriott Vacations Worldwide (NYSE:VAC) to Hold

Marriott Vacations Worldwide (NYSE:VAC – Get Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

VAC has been the subject of a number of other reports. Jefferies Financial Group reduced their price target on shares of Marriott Vacations Worldwide from $195.00 to $184.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Credit Suisse Group cut their price target on shares of Marriott Vacations Worldwide from $219.00 to $214.00 and set an “outperform” rating for the company in a research report on Friday, February 24th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Marriott Vacations Worldwide from $191.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, February 24th. Truist Financial upped their price target on shares of Marriott Vacations Worldwide from $205.00 to $223.00 and gave the company a “buy” rating in a research report on Tuesday, February 28th. Finally, Bank of America initiated coverage on shares of Marriott Vacations Worldwide in a research note on Monday, February 6th. They set a “neutral” rating and a $180.00 price objective for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $192.33.

Marriott Vacations Worldwide Stock Performance

VAC stock opened at $136.37 on Tuesday. The company has a current ratio of 3.26, a quick ratio of 2.73 and a debt-to-equity ratio of 2.01. The stock has a 50-day moving average price of $153.10 and a 200-day moving average price of $143.90. The firm has a market cap of $5.08 billion, a PE ratio of 15.48 and a beta of 2.06. Marriott Vacations Worldwide has a 1-year low of $110.08 and a 1-year high of $165.85.

Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The company reported $2.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.11). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. Marriott Vacations Worldwide had a net margin of 8.40% and a return on equity of 17.13%. Marriott Vacations Worldwide’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.38 EPS. As a group, equities research analysts expect that Marriott Vacations Worldwide will post 10.94 earnings per share for the current year.

Insider Activity

In related news, VP Dwight D. Smith sold 2,627 shares of the firm’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $157.00, for a total value of $412,439.00. Following the sale, the vice president now owns 14,485 shares in the company, valued at $2,274,145. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of Marriott Vacations Worldwide

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James & Associates grew its stake in shares of Marriott Vacations Worldwide by 6.0% in the 1st quarter. Raymond James & Associates now owns 2,004 shares of the company’s stock worth $316,000 after buying an additional 113 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Marriott Vacations Worldwide by 5.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,483 shares of the company’s stock worth $707,000 after purchasing an additional 238 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Marriott Vacations Worldwide during the 1st quarter worth about $55,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Marriott Vacations Worldwide by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,611 shares of the company’s stock worth $2,462,000 after purchasing an additional 1,489 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Marriott Vacations Worldwide by 8.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 23,651 shares of the company’s stock worth $3,832,000 after purchasing an additional 1,801 shares during the period. 82.81% of the stock is currently owned by institutional investors.

About Marriott Vacations Worldwide

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Marriott Vacations Worldwide Corp. is a global vacation company engaged in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands.