Marriott Vacations Worldwide (NYSE:VAC) Sets New 1-Year Low on Analyst Downgrade

Shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) reached a new 52-week low during mid-day trading on Friday after Barclays lowered their price target on the stock from $87.00 to $64.00. Barclays currently has an overweight rating on the stock. Marriott Vacations Worldwide traded as low as $48.89 and last traded at $49.4360, with a volume of 36788 shares traded. The stock had previously closed at $49.51.

Several other brokerages have also issued reports on VAC. Morgan Stanley set a $70.00 price target on Marriott Vacations Worldwide in a report on Wednesday, October 22nd. Citizens Jmp lowered their target price on Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating on the stock in a research report on Friday. The Goldman Sachs Group increased their target price on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a “sell” rating in a report on Wednesday, August 6th. Stifel Nicolaus set a $83.00 price target on shares of Marriott Vacations Worldwide in a research note on Thursday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Marriott Vacations Worldwide in a report on Thursday, October 30th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Marriott Vacations Worldwide presently has an average rating of “Hold” and a consensus target price of $82.00.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in VAC. Fuller & Thaler Asset Management Inc. boosted its position in Marriott Vacations Worldwide by 32.2% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,822,687 shares of the company’s stock worth $117,089,000 after purchasing an additional 444,126 shares during the last quarter. Norges Bank purchased a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter valued at $27,971,000. Senvest Management LLC raised its stake in shares of Marriott Vacations Worldwide by 19.4% during the 2nd quarter. Senvest Management LLC now owns 1,816,012 shares of the company’s stock worth $131,316,000 after purchasing an additional 294,937 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Marriott Vacations Worldwide by 71.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 635,977 shares of the company’s stock worth $45,987,000 after buying an additional 265,278 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Marriott Vacations Worldwide by 37.4% in the 2nd quarter. Geode Capital Management LLC now owns 788,879 shares of the company’s stock worth $57,051,000 after buying an additional 214,629 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Performance

The company’s 50-day moving average is $70.07 and its two-hundred day moving average is $71.01. The company has a quick ratio of 2.90, a current ratio of 3.55 and a debt-to-equity ratio of 1.43. The company has a market cap of $1.63 billion, a P/E ratio of 10.54, a price-to-earnings-growth ratio of 0.68 and a beta of 1.50.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.64 by $0.05. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.31 billion. Marriott Vacations Worldwide had a net margin of 3.44% and a return on equity of 11.44%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 earnings per share. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.700-7.100 EPS. Equities analysts predict that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were paid a $0.79 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $3.16 annualized dividend and a yield of 6.7%. Marriott Vacations Worldwide’s dividend payout ratio is presently 70.85%.

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.