Marriott Vacations Worldwide (NYSE:VAC) Sets New 12-Month Low – Time to Sell?

Marriott Vacations Worldwide Co. (NYSE:VAC) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $66.85 and last traded at $67.86, with a volume of 42513 shares changing hands. The stock had previously closed at $67.69.

Analysts Set New Price Targets

Several research firms have weighed in on VAC. Stifel Nicolaus lowered their price target on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Barclays lowered their target price on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. 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. Truist Financial lowered their price objective on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Finally, The Goldman Sachs Group boosted their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Marriott Vacations Worldwide has a consensus rating of “Hold” and an average target price of $102.75.

Marriott Vacations Worldwide Trading Down 3.3 %

The stock has a market capitalization of $2.32 billion, a P/E ratio of 12.64, a P/E/G ratio of 0.67 and a beta of 1.83. 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 business has a 50-day moving average price of $83.22 and a two-hundred day moving average price of $83.11.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data 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 business 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, analysts expect that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 4.76%. Marriott Vacations Worldwide’s dividend payout ratio is 56.23%.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera acquired 650 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $71.66 per share, with a total value of $46,579.00. Following the completion of the purchase, the insider now directly owns 8,770 shares of the company’s stock, valued at $628,458.20. This represents a 8.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VAC. Blue Trust Inc. grew its holdings in shares of 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 purchasing an additional 302 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Marriott Vacations Worldwide by 36.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 27,094 shares of the company’s stock worth $1,991,000 after buying an additional 7,174 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Marriott Vacations Worldwide during the third quarter worth $348,000. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Marriott Vacations Worldwide by 18.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after buying an additional 168,130 shares in the last quarter. Finally, Cibc World Market Inc. lifted its stake in shares of Marriott Vacations Worldwide by 251.3% in the 4th quarter. Cibc World Market Inc. now owns 133,372 shares of the company’s stock valued at $11,977,000 after acquiring an additional 95,409 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.