Marriott Vacations Worldwide (NYSE:VAC) PT Raised to $106.00

Marriott Vacations Worldwide (NYSE:VAC) had its target price boosted by Barclays from $102.00 to $106.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 9.67% from the company’s previous close.

Other equities analysts have also issued reports about the company. Stifel Nicolaus increased their price objective on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. JMP Securities upped their price target on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a report on Monday, February 26th. Truist Financial raised their price target on shares of Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, Mizuho assumed coverage on shares of Marriott Vacations Worldwide in a report on Tuesday, March 26th. They set a “buy” rating and a $128.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Marriott Vacations Worldwide currently has an average rating of “Hold” and an average price target of $111.13.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock traded down $2.50 during trading hours on Wednesday, reaching $96.65. The stock had a trading volume of 489,058 shares, compared to its average volume of 517,010. Marriott Vacations Worldwide has a 12 month low of $72.78 and a 12 month high of $134.09. The company has a current ratio of 3.15, a quick ratio of 2.64 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $3.40 billion, a PE ratio of 15.35 and a beta of 1.85. The stock’s fifty day simple moving average is $98.98 and its 200 day simple moving average is $89.34.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Monday, May 6th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.14. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned $2.54 earnings per share. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts predict that Marriott Vacations Worldwide will post 7.8 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Burgundy Asset Management Ltd. grew its stake in shares of Marriott Vacations Worldwide by 55.0% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,064,068 shares of the company’s stock worth $90,329,000 after acquiring an additional 377,766 shares during the period. Norges Bank bought a new stake in Marriott Vacations Worldwide in the 4th quarter worth approximately $31,220,000. Capital World Investors purchased a new stake in Marriott Vacations Worldwide during the 4th quarter valued at $210,000. GRS Advisors LLC lifted its holdings in shares of Marriott Vacations Worldwide by 2,050.8% during the 4th quarter. GRS Advisors LLC now owns 242,288 shares of the company’s stock valued at $20,568,000 after buying an additional 231,023 shares during the period. Finally, Van Berkom & Associates Inc. boosted its stake in shares of Marriott Vacations Worldwide by 31.2% in the 3rd quarter. Van Berkom & Associates Inc. now owns 599,290 shares of the company’s stock worth $60,307,000 after buying an additional 142,349 shares during 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.