The Goldman Sachs Group Lowers Marriott Vacations Worldwide (NYSE:VAC) Price Target to $48.00

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) had its target price lowered by The Goldman Sachs Group from $78.00 to $48.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "sell" rating on the stock. The Goldman Sachs Group's target price points to a potential downside of 9.48% from the stock's current price.

VAC has been the subject of a number of other research reports. Morgan Stanley started coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an "underweight" rating and a $87.00 price objective for the company. Stifel Nicolaus reduced their price target 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. Truist Financial dropped their price target on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Barclays reduced their price objective on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Finally, Mizuho increased their price target on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $98.13.

Marriott Vacations Worldwide Trading Up 0.8 %

Shares of Marriott Vacations Worldwide stock traded up $0.44 during trading on Monday, reaching $53.03. 303,842 shares of the stock were exchanged, compared to its average volume of 432,964. Marriott Vacations Worldwide has a 1 year low of $49.22 and a 1 year high of $103.51. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The stock's fifty day moving average is $68.44 and its 200 day moving average is $80.39.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.24 billion. As a group, equities research analysts expect that Marriott Vacations Worldwide will post 6.23 earnings per share for the current fiscal year.

Insider Transactions at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera acquired 650 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $71.66 per share, with a total value of $46,579.00. Following the completion of the purchase, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. The trade was a 8.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of hedge funds and other institutional investors have recently modified their holdings of VAC. Fifth Third Bancorp lifted its stake in shares of Marriott Vacations Worldwide by 136.5% during the 1st quarter. Fifth Third Bancorp now owns 395 shares of the company's stock worth $25,000 after purchasing an additional 228 shares during the last quarter. Investment Advisory Group LLC bought a new stake in shares of Marriott Vacations Worldwide in the 1st quarter valued at about $31,000. Blue Trust Inc. grew its position in shares of Marriott Vacations Worldwide by 130.7% in the 4th quarter. Blue Trust Inc. now owns 533 shares of the company's stock worth $48,000 after buying an additional 302 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new stake in Marriott Vacations Worldwide during the fourth quarter valued at approximately $50,000. Finally, True Wealth Design LLC boosted its stake in Marriott Vacations Worldwide by 35.2% in the fourth quarter. True Wealth Design LLC now owns 595 shares of the company's stock valued at $53,000 after acquiring an additional 155 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

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.