Marriott Vacations Worldwide (NYSE:VAC) Shares Down 7.5% After Analyst Downgrade

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Get Free Report) dropped 7.5% on Thursday after Barclays lowered their price target on the stock from $116.00 to $97.00. Barclays currently has an overweight rating on the stock. Marriott Vacations Worldwide traded as low as $79.67 and last traded at $78.94. Approximately 89,682 shares traded hands during trading, a decline of 77% from the average daily volume of 389,090 shares. The stock had previously closed at $85.38.

A number of other equities analysts have also commented on the company. Truist Financial raised their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Mizuho boosted their price target on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Stifel Nicolaus cut their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research report on Thursday. The Goldman Sachs Group raised their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a "sell" rating in a report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Marriott Vacations Worldwide from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Two 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's stock. According to MarketBeat, Marriott Vacations Worldwide presently has a consensus rating of "Hold" and an average target price of $103.00.

Remove Ads

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC acquired a new position in Marriott Vacations Worldwide during the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP bought a new stake in shares of Marriott Vacations Worldwide during the third quarter worth $39,000. Blue Trust Inc. increased its holdings in shares of Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock worth $48,000 after buying an additional 302 shares in the last quarter. Brown Lisle Cummings Inc. bought a new position in shares of Marriott Vacations Worldwide in the 4th quarter valued at $50,000. Finally, Quarry LP boosted its holdings in shares of 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 acquiring an additional 363 shares in the last quarter. Institutional investors own 89.52% of the company's stock.

Marriott Vacations Worldwide Price Performance

The business has a 50-day moving average of $85.98 and a two-hundred day moving average of $83.25. 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 firm has a market cap of $2.56 billion, a P/E ratio of 13.97, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.35. The company had revenue of $1.33 billion for 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%. On average, sell-side analysts anticipate that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Wednesday, March 5th. Marriott Vacations Worldwide's payout ratio is currently 56.23%.

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.