Marriott Vacations Worldwide (NYSE:VAC) Sets New 1-Year Low - What's Next?

Marriott Vacations Worldwide Co. (NYSE:VAC - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $65.43 and last traded at $65.47, with a volume of 578989 shares changing hands. The stock had previously closed at $68.55.

Analyst Upgrades and Downgrades

VAC has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price objective 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. Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They set 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 report on Tuesday, February 25th. Truist Financial dropped their price objective on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a report on Friday, March 7th. Finally, The Goldman Sachs Group upped 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. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $102.75.

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Marriott Vacations Worldwide Stock Down 1.2 %

The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. The firm has a market capitalization of $2.30 billion, a PE ratio of 12.55, a PEG ratio of 0.67 and a beta of 1.83. The company has a fifty day simple moving average of $80.55 and a two-hundred day simple moving average of $82.72.

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. The firm 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%. Analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend was Wednesday, March 5th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 56.23%.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera bought 650 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $71.66 per share, with a total value of $46,579.00. Following the transaction, the insider now directly owns 8,770 shares of the company's stock, valued at approximately $628,458.20. This represents a 8.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VAC. True Wealth Design LLC acquired a new position in Marriott Vacations Worldwide during the 3rd quarter valued at about $32,000. Blue Trust Inc. increased its position in Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after buying an additional 302 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new position in Marriott Vacations Worldwide during the 4th quarter valued at about $50,000. Quarry LP increased its position in Marriott Vacations Worldwide by 81.6% during the 3rd 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 position in Marriott Vacations Worldwide during the 4th quarter valued at about $89,000. 89.52% of the stock is owned by institutional investors and hedge funds.

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.