Marriott Vacations Worldwide (NYSE:VAC) Sets New 12-Month Low - Should You Sell?

Marriott Vacations Worldwide Co. (NYSE:VAC - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $62.18 and last traded at $63.32, with a volume of 67266 shares trading hands. The stock had previously closed at $64.24.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VAC. Mizuho lifted their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a research report on Monday, January 6th. They issued an "underweight" rating and a $87.00 price objective for the company. The Goldman Sachs Group increased their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a "sell" rating in a report on Tuesday, December 10th. Barclays cut their price target on Marriott Vacations Worldwide from $116.00 to $97.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Finally, Stifel Nicolaus decreased their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of "Hold" and an average price target of $102.75.

Remove Ads

Marriott Vacations Worldwide Price Performance

The stock has a market capitalization of $1.91 billion, a P/E ratio of 10.41, a PEG ratio of 0.67 and a beta of 1.83. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The company has a fifty day simple moving average of $76.19 and a two-hundred day simple moving average of $82.17.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings results 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 net margin of 4.20% and a return on equity of 10.89%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. Sell-side analysts expect that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were given a $0.79 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 5.78%. Marriott Vacations Worldwide's dividend payout ratio is currently 56.23%.

Insider Buying and Selling

In other news, insider Stephanie Sobeck Butera acquired 650 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $71.66 per share, with a total value of $46,579.00. Following the purchase, the insider now directly owns 8,770 shares of the company's stock, valued at $628,458.20. The trade was a 8.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by insiders.

Institutional Trading of Marriott Vacations Worldwide

A number of large investors have recently made changes to their positions in the company. Blue Trust Inc. grew its stake in Marriott Vacations Worldwide by 130.7% in the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after acquiring an additional 302 shares during the period. Brown Lisle Cummings Inc. acquired a new position in shares of Marriott Vacations Worldwide in the 4th quarter valued at approximately $50,000. True Wealth Design LLC grew its position in shares of Marriott Vacations Worldwide by 35.2% in the 4th quarter. True Wealth Design LLC now owns 595 shares of the company's stock valued at $53,000 after purchasing an additional 155 shares during the period. Quarry LP lifted its stake in Marriott Vacations Worldwide by 81.6% in the third quarter. Quarry LP now owns 808 shares of the company's stock valued at $59,000 after buying an additional 363 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth $89,000. 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.