Marriott Vacations Worldwide (NYSE:VAC) Trading Down 4.2% After Analyst Downgrade

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) were down 4.2% during mid-day trading on Monday after The Goldman Sachs Group lowered their price target on the stock from $78.00 to $48.00. The Goldman Sachs Group currently has a sell rating on the stock. Marriott Vacations Worldwide traded as low as $51.20 and last traded at $51.21. Approximately 104,006 shares were traded during trading, a decline of 76% from the average daily volume of 432,891 shares. The stock had previously closed at $53.47.

VAC has been the topic of several other research reports. Morgan Stanley initiated coverage on shares of Marriott Vacations Worldwide in a research note on Monday, January 6th. They issued an “underweight” rating and a $87.00 price objective on the stock. Mizuho raised their price objective on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Truist Financial reduced their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Barclays lowered their price target on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Finally, Stifel Nicolaus decreased their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $98.13.

Insider Activity

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 bought at an average cost 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 approximately $628,458.20. This represents a 8.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Marriott Vacations Worldwide by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,883,197 shares of the company’s stock valued at $169,110,000 after purchasing an additional 116,854 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Marriott Vacations Worldwide by 5.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,378,561 shares of the company’s stock valued at $123,795,000 after buying an additional 74,956 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Marriott Vacations Worldwide by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock worth $106,140,000 after acquiring an additional 23,380 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Marriott Vacations Worldwide by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 778,684 shares of the company’s stock worth $69,926,000 after acquiring an additional 7,046 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Marriott Vacations Worldwide by 47.2% in the 4th quarter. AQR Capital Management LLC now owns 765,480 shares of the company’s stock valued at $68,510,000 after acquiring an additional 245,427 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Up 0.7 %

The company has a market cap of $1.86 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The stock has a fifty day moving average price of $71.02 and a two-hundred day moving average price of $81.07.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.35. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.24 billion. On average, research analysts expect that Marriott Vacations Worldwide Co. 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, March 19th. Shareholders of record on Wednesday, March 5th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide’s payout ratio is 56.23%.

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.