Marriott Vacations Worldwide (NYSE:VAC) Hits New 12-Month Low Following Analyst Downgrade

Marriott Vacations Worldwide Corporation (NYSE:VAC) hit a new 52-week low during mid-day trading on Friday after Barclays lowered their price target on the stock from $87.00 to $64.00. Barclays currently has an overweight rating on the stock. Marriott Vacations Worldwide traded as low as $48.89 and last traded at $49.4360, with a volume of 36788 shares trading hands. The stock had previously closed at $49.51.

Several other research analysts also recently commented on VAC. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marriott Vacations Worldwide in a report on Thursday, October 30th. Stifel Nicolaus set a $83.00 price objective on Marriott Vacations Worldwide in a research note on Thursday. Citizens Jmp decreased their target price on shares of Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating for the company in a research report on Friday. The Goldman Sachs Group boosted their price target on shares of Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. Finally, Morgan Stanley set a $70.00 price objective on shares of Marriott Vacations Worldwide in a research note on Wednesday, October 22nd. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $82.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in shares of Marriott Vacations Worldwide in the 2nd quarter worth approximately $25,000. Pinnacle Bancorp Inc. bought a new position in Marriott Vacations Worldwide in the 3rd quarter valued at $25,000. Hantz Financial Services Inc. increased its position in shares of Marriott Vacations Worldwide by 627.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 393 shares of the company’s stock valued at $28,000 after purchasing an additional 339 shares during the last quarter. Assetmark Inc. increased its position in shares of Marriott Vacations Worldwide by 90.6% during the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock valued at $31,000 after purchasing an additional 203 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of Marriott Vacations Worldwide by 79.8% during the 2nd quarter. Allworth Financial LP now owns 473 shares of the company’s stock worth $34,000 after purchasing an additional 210 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Stock Down 5.1%

The company has a market capitalization of $1.63 billion, a PE ratio of 10.54, a P/E/G ratio of 0.72 and a beta of 1.50. The stock’s fifty day moving average is $70.07 and its two-hundred day moving average is $70.88. The company has a current ratio of 3.55, a quick ratio of 2.90 and a debt-to-equity ratio of 1.43.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.05. Marriott Vacations Worldwide had a net margin of 3.44% and a return on equity of 11.44%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the firm posted $1.80 EPS. Marriott Vacations Worldwide’s revenue was down 3.2% on a year-over-year basis. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.700-7.100 EPS. As a group, analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th were issued a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Wednesday, September 17th. Marriott Vacations Worldwide’s dividend payout ratio is presently 47.52%.

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.