Marriott Vacations Worldwide (NYSE:VAC) Stock Price Down 6.8% Following Analyst Downgrade

Shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) traded down 6.8% during trading on Tuesday after The Goldman Sachs Group lowered their price target on the stock from $63.00 to $54.00. The Goldman Sachs Group currently has a sell rating on the stock. Marriott Vacations Worldwide traded as low as $46.81 and last traded at $46.7950. 254,283 shares were traded during trading, a decline of 52% from the average session volume of 535,081 shares. The stock had previously closed at $50.22.

Other analysts have also issued reports about the stock. Stifel Nicolaus set a $83.00 price target on shares of Marriott Vacations Worldwide in a research report on Thursday, November 6th. Truist Financial cut their target price on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a “buy” rating for the company in a research report on Thursday, August 21st. Citizens Jmp lowered their price target on shares of Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating on the stock in a report on Friday, November 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Marriott Vacations Worldwide in a report on Thursday, October 30th. Finally, Morgan Stanley set a $70.00 price objective on Marriott Vacations Worldwide in a research report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and a consensus target price of $73.71.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several institutional investors have recently bought and sold shares of VAC. Dimensional Fund Advisors LP boosted its stake in shares of Marriott Vacations Worldwide by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,931,782 shares of the company’s stock worth $124,101,000 after acquiring an additional 48,585 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Marriott Vacations Worldwide by 32.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,822,687 shares of the company’s stock worth $117,089,000 after purchasing an additional 444,126 shares during the period. Senvest Management LLC grew its holdings in Marriott Vacations Worldwide by 19.4% during the second quarter. Senvest Management LLC now owns 1,816,012 shares of the company’s stock valued at $131,316,000 after purchasing an additional 294,937 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Marriott Vacations Worldwide by 8.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,139,334 shares of the company’s stock valued at $73,191,000 after purchasing an additional 85,230 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Marriott Vacations Worldwide by 2.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 800,315 shares of the company’s stock valued at $51,413,000 after purchasing an additional 21,631 shares during the period. 89.52% of the stock is currently owned by institutional investors.

Marriott Vacations Worldwide Price Performance

The company has a debt-to-equity ratio of 2.29, a current ratio of 3.87 and a quick ratio of 3.22. The stock’s 50 day moving average price is $68.90 and its two-hundred day moving average price is $71.03. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 0.73 and a beta of 1.50.

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

Marriott Vacations Worldwide Dividend Announcement

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

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.