Marriott Vacations Worldwide (NYSE:VAC) Price Target Cut to $54.00 by Analysts at The Goldman Sachs Group

Marriott Vacations Worldwide (NYSE:VAC) had its price objective trimmed by The Goldman Sachs Group from $63.00 to $54.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a sell rating on the stock.

Several other brokerages have also recently issued reports on VAC. Morgan Stanley set a $70.00 target price on shares of Marriott Vacations Worldwide in a report on Wednesday, October 22nd. Citizens Jmp reduced their price target 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, November 7th. Truist Financial decreased their price objective on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Stifel Nicolaus set a $83.00 target price on Marriott Vacations Worldwide in a research report on Thursday, November 6th. Finally, Barclays reduced their target price on Marriott Vacations Worldwide from $87.00 to $64.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $73.71.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC opened at $46.72 on Tuesday. The stock’s 50-day simple moving average is $68.90 and its 200-day simple moving average is $71.03. The firm has a market capitalization of $1.62 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.73 and a beta of 1.50. Marriott Vacations Worldwide has a fifty-two week low of $46.30 and a fifty-two week high of $99.42. The company has a debt-to-equity ratio of 2.29, a quick ratio of 3.22 and a current ratio of 3.87.

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

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $3.16 annualized dividend and a dividend yield of 6.8%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 70.85%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of large investors have recently bought and sold shares of VAC. Ameritas Advisory Services LLC acquired a new stake in shares of Marriott Vacations Worldwide in the 2nd quarter worth $25,000. Pinnacle Bancorp Inc. purchased a new position in Marriott Vacations Worldwide during the third quarter worth about $25,000. Hantz Financial Services Inc. raised its holdings in Marriott Vacations Worldwide by 627.8% during the second quarter. Hantz Financial Services Inc. now owns 393 shares of the company’s stock worth $28,000 after purchasing an additional 339 shares in the last quarter. Assetmark Inc. lifted its position in Marriott Vacations Worldwide by 90.6% in the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock valued at $31,000 after purchasing an additional 203 shares during the period. Finally, Allworth Financial LP boosted its holdings in Marriott Vacations Worldwide by 79.8% in the 2nd quarter. Allworth Financial LP now owns 473 shares of the company’s stock valued at $34,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other 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.