Marriott Vacations Worldwide (NYSE:VAC) Price Target Lowered to $140.00 at Truist Financial

Marriott Vacations Worldwide (NYSE:VAC - Free Report) had its price target reduced by Truist Financial from $142.00 to $140.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

VAC has been the topic of several other research reports. The Goldman Sachs Group boosted their price target on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a "sell" rating in a research report on Tuesday, December 10th. StockNews.com upgraded Marriott Vacations Worldwide from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Stifel Nicolaus lowered 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 research report on Thursday, February 27th. Mizuho upped their price objective on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley assumed coverage on shares of Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an "underweight" rating and a $87.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $102.75.

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Marriott Vacations Worldwide Stock Performance

Shares of VAC traded down $1.59 during mid-day trading on Friday, reaching $71.34. 216,592 shares of the company's stock were exchanged, compared to its average volume of 451,722. The business's fifty day simple moving average is $84.44 and its 200-day simple moving average is $83.26. The stock has a market capitalization of $2.49 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. Marriott Vacations Worldwide has a 52-week low of $67.28 and a 52-week high of $108.57. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued 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. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.24 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. On average, equities research analysts expect that Marriott Vacations Worldwide will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

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 given a dividend of $0.79 per share. The ex-dividend date is Wednesday, March 5th. This represents a $3.16 annualized dividend and a yield of 4.43%. Marriott Vacations Worldwide's payout ratio is currently 56.23%.

Insider Activity

In other news, insider Stephanie Sobeck Butera purchased 650 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the transaction, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. This represents a 8.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Marriott Vacations Worldwide

A number of large investors have recently added to or reduced their stakes in VAC. True Wealth Design LLC purchased a new stake in shares of Marriott Vacations Worldwide in the third quarter valued at about $32,000. Capital Performance Advisors LLP acquired a new position in shares of Marriott Vacations Worldwide during the 3rd quarter worth approximately $39,000. Blue Trust Inc. lifted its stake in Marriott Vacations Worldwide by 130.7% in 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 stake in Marriott Vacations Worldwide during the 4th quarter valued at $50,000. Finally, Quarry LP grew its holdings 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 during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

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.