Marriott Vacations Worldwide (NYSE:VAC) Price Target Cut to $48.00 by Analysts at The Goldman Sachs Group

Marriott Vacations Worldwide (NYSE:VAC) had its price objective reduced by The Goldman Sachs Group from $78.00 to $48.00 in a research note released on Monday morning,Benzinga reports. They currently have a sell rating on the stock.

A number of other research firms also recently commented on VAC. Truist Financial dropped their price objective on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a report on Friday, March 7th. Barclays cut their price objective on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Stifel Nicolaus decreased their target price on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Mizuho increased their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley assumed coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 price target on the stock. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $98.13.

Marriott Vacations Worldwide Trading Up 0.7 %

Shares of VAC opened at $53.84 on Monday. Marriott Vacations Worldwide has a fifty-two week low of $49.22 and a fifty-two week high of $103.51. The stock has a fifty day moving average of $71.02 and a two-hundred day moving average of $81.07. 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 company has a market capitalization of $1.86 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.24 billion. As a group, analysts forecast that Marriott Vacations Worldwide will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date of this dividend was Wednesday, March 5th. Marriott Vacations Worldwide’s payout ratio is currently 56.23%.

Insider Activity at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera purchased 650 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the purchase, the insider now owns 8,770 shares of the company’s stock, valued at approximately $628,458.20. This trade represents a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in Marriott Vacations Worldwide by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,197 shares of the company’s stock worth $169,110,000 after purchasing an additional 116,854 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Marriott Vacations Worldwide by 5.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,378,561 shares of the company’s stock worth $123,795,000 after purchasing an additional 74,956 shares during the period. Principal Financial Group Inc. lifted its position in shares of Marriott Vacations Worldwide by 2.0% in the 4th quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock worth $106,140,000 after buying an additional 23,380 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Marriott Vacations Worldwide by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 778,684 shares of the company’s stock valued at $69,926,000 after buying an additional 7,046 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Marriott Vacations Worldwide by 47.2% during the 4th quarter. AQR Capital Management LLC now owns 765,480 shares of the company’s stock valued at $68,510,000 after buying an additional 245,427 shares during the last quarter. 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.