Barclays Issues Pessimistic Forecast for Marriott Vacations Worldwide (NYSE:VAC) Stock Price

Marriott Vacations Worldwide (NYSE:VAC - Free Report) had its price objective trimmed by Barclays from $116.00 to $97.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other analysts have also recently commented on the company. Truist Financial boosted their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Stifel Nicolaus cut their price objective on Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Morgan Stanley assumed 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. Mizuho boosted their price objective on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group boosted their price target on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a "sell" rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $103.00.

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Marriott Vacations Worldwide Price Performance

Shares of VAC stock traded down $2.35 during mid-day trading on Friday, hitting $71.03. 782,628 shares of the stock were exchanged, compared to its average volume of 445,355. The company has a market cap of $2.48 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. The firm has a fifty day moving average of $85.57 and a 200 day moving average of $83.25. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide has a 52-week low of $67.28 and a 52-week high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.35. The business had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. Research analysts anticipate that Marriott Vacations Worldwide will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Wednesday, March 5th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is presently 56.23%.

Institutional Investors Weigh In On Marriott Vacations Worldwide

A number of hedge funds have recently modified their holdings of VAC. Point72 Asset Management L.P. acquired a new stake in Marriott Vacations Worldwide during the fourth quarter worth about $37,974,000. Norges Bank acquired a new stake in Marriott Vacations Worldwide during the fourth quarter worth about $31,677,000. AQR Capital Management LLC increased its position in Marriott Vacations Worldwide by 47.2% during the fourth quarter. AQR Capital Management LLC now owns 765,480 shares of the company's stock worth $68,510,000 after purchasing an additional 245,427 shares during the last quarter. Ananym Capital Management LP acquired a new stake in Marriott Vacations Worldwide during the fourth quarter worth about $21,987,000. Finally, Hotchkis & Wiley Capital Management LLC increased its position in Marriott Vacations Worldwide by 18.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company's stock worth $81,032,000 after purchasing an additional 168,130 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

About Marriott Vacations Worldwide

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.