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

Marriott Vacations Worldwide (NYSE:VAC) had its price objective decreased by Truist Financial from $142.00 to $140.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 91.80% from the stock’s previous close.

A number of other research firms also recently issued reports on VAC. Stifel Nicolaus dropped their target price 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. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Morgan Stanley started coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 target price on the stock. Mizuho boosted their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. 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 analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of “Hold” and an average target price of $102.75.

Marriott Vacations Worldwide Stock Up 1.8 %

Shares of NYSE VAC opened at $72.99 on Friday. The company has a market capitalization of $2.55 billion, a P/E ratio of 13.90, 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 quick ratio of 2.86 and a current ratio of 3.53. The company’s 50 day moving average price is $84.44 and its 200-day moving average price is $83.19.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.35. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.24 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. Equities analysts forecast that Marriott Vacations Worldwide will post 6.23 earnings per share for the current year.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera bought 650 shares of Marriott Vacations Worldwide stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the purchase, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. The trade was a 8.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Marriott Vacations Worldwide

Several institutional investors have recently made changes to their positions in VAC. True Wealth Design LLC bought a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter worth $32,000. Capital Performance Advisors LLP bought a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter worth $39,000. Blue Trust Inc. grew its stake in shares of Marriott Vacations Worldwide by 130.7% in the 4th quarter. Blue Trust Inc. now owns 533 shares of the company’s stock worth $48,000 after acquiring an additional 302 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in shares of Marriott Vacations Worldwide in the 4th quarter worth $50,000. Finally, Quarry LP grew its stake in shares of Marriott Vacations Worldwide by 81.6% in the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after acquiring an additional 363 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

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.