Marriott Vacations Worldwide (NYSE:VAC) Stock Price Down 5.4%

Marriott Vacations Worldwide Co. (NYSE:VAC) fell 5.4% during trading on Monday . The stock traded as low as $82.52 and last traded at $82.63. 165,120 shares were traded during mid-day trading, a decline of 66% from the average session volume of 490,544 shares. The stock had previously closed at $87.32.

Analysts Set New Price Targets

Several research firms have recently commented on VAC. Mizuho decreased their price target on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating for the company in a report on Friday, June 14th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Marriott Vacations Worldwide from $116.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Barclays lifted their price target on shares of Marriott Vacations Worldwide from $102.00 to $106.00 and gave the company an “equal weight” rating in a report on Wednesday, May 8th. Stifel Nicolaus boosted their target price on shares of Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Finally, Truist Financial boosted their target price on shares of Marriott Vacations Worldwide from $159.00 to $161.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $112.22.

Marriott Vacations Worldwide Price Performance

The stock’s fifty day moving average price is $92.24 and its 200-day moving average price is $91.98. The company has a debt-to-equity ratio of 2.22, a current ratio of 3.12 and a quick ratio of 2.62. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 0.65 and a beta of 1.82.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Monday, May 6th. The company reported $1.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.14. Marriott Vacations Worldwide had a net margin of 4.50% and a return on equity of 11.77%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the business earned $2.54 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts predict that Marriott Vacations Worldwide Co. will post 7.65 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Wednesday, May 22nd. Marriott Vacations Worldwide’s payout ratio is presently 56.19%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its position in Marriott Vacations Worldwide by 615.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in Marriott Vacations Worldwide in the first quarter worth approximately $41,000. Fifth Third Bancorp grew its position in Marriott Vacations Worldwide by 707.5% in the first quarter. Fifth Third Bancorp now owns 428 shares of the company’s stock worth $46,000 after acquiring an additional 375 shares in the last quarter. Quadrant Capital Group LLC grew its position in Marriott Vacations Worldwide by 20.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock worth $86,000 after acquiring an additional 175 shares in the last quarter. Finally, TFO Wealth Partners LLC grew its position in Marriott Vacations Worldwide by 61,550.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,233 shares of the company’s stock worth $105,000 after acquiring an additional 1,231 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

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.