Marriott Vacations Worldwide (NYSE:VAC) Price Target Raised to $97.00

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) had its price objective lifted by Barclays from $74.00 to $97.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's target price would suggest a potential upside of 1.46% from the company's previous close.

A number of other research firms also recently commented on VAC. The Goldman Sachs Group started coverage on Marriott Vacations Worldwide in a report on Wednesday, September 18th. They set a "sell" rating and a $62.00 target price on the stock. StockNews.com lowered shares of Marriott Vacations Worldwide from a "hold" rating to a "sell" rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their price target on Marriott Vacations Worldwide from $121.00 to $95.00 and set a "buy" rating on the stock in a report on Tuesday, August 6th. Truist Financial lowered their price target on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a "buy" rating for the company in a research report on Friday, July 19th. Finally, JMP Securities cut their price objective on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a "market outperform" rating on the stock in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of "Hold" and an average target price of $98.95.

Marriott Vacations Worldwide Stock Down 0.4 %

VAC stock traded down $0.38 during midday trading on Friday, hitting $95.60. 776,195 shares of the company's stock were exchanged, compared to its average volume of 366,572. The firm has a 50 day moving average price of $76.08 and a 200-day moving average price of $82.74. Marriott Vacations Worldwide has a 12-month low of $67.28 and a 12-month high of $108.57. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 0.79 and a beta of 1.79. The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.21.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.80 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.27. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.27 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.94%. On average, analysts anticipate that Marriott Vacations Worldwide will post 6.08 EPS for the current year.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, insider Jason P. Marino purchased 700 shares of the business's stock in a transaction on Wednesday, September 11th. The stock was bought at an average cost of $69.00 per share, with a total value of $48,300.00. Following the acquisition, the insider now owns 15,851 shares of the company's stock, valued at $1,093,719. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marriott Vacations Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of VAC. Picton Mahoney Asset Management acquired a new stake in shares of Marriott Vacations Worldwide during the first quarter worth $4,676,000. Harbor Capital Advisors Inc. raised its holdings in Marriott Vacations Worldwide by 335.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,457 shares of the company's stock worth $2,223,000 after buying an additional 19,613 shares during the period. Vanguard Group Inc. lifted its stake in Marriott Vacations Worldwide by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company's stock valued at $351,872,000 after buying an additional 143,074 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Marriott Vacations Worldwide by 178.2% in the second quarter. AQR Capital Management LLC now owns 355,089 shares of the company's stock worth $29,771,000 after buying an additional 227,465 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Marriott Vacations Worldwide by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company's stock worth $139,687,000 after acquiring an additional 207,938 shares in the last quarter. Institutional investors and hedge funds 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.