Marriott Vacations Worldwide (NYSE:VAC) Stock Price Target Cut by Barclays

Marriott Vacations Worldwide (NYSE:VAC) had its price target dropped by research analysts at Barclays from $140.00 to $139.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 25.82% from the company’s current price.

A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. began coverage on shares of Marriott Vacations Worldwide in a report on Thursday, October 8th. They set an “overweight” rating and a $125.00 price objective for the company. Morgan Stanley reduced their target price on Marriott Vacations Worldwide from $65.00 to $63.00 and set an “underweight” rating on the stock in a research note on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $134.00 price target on shares of Marriott Vacations Worldwide in a research report on Wednesday, August 12th. Wall Street Zen raised Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $132.00 price objective on shares of Marriott Vacations Worldwide in a report on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $111.91.

Marriott Vacations Worldwide Price Performance

Shares of NYSE:VAC traded up $3.29 on Thursday, hitting $110.47. The company’s stock had a trading volume of 425,389 shares, compared to its average volume of 350,709. The company has a 50-day simple moving average of $106.35 and a 200 day simple moving average of $87.54. Marriott Vacations Worldwide has a 1 year low of $44.58 and a 1 year high of $131.34. The company has a market capitalization of $3.80 billion, a PE ratio of -14.87, a PEG ratio of 2.55 and a beta of 1.31. The company has a debt-to-equity ratio of 2.65, a current ratio of 3.56 and a quick ratio of 2.99.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $2.64 EPS for the quarter, topping the consensus estimate of $2.57 by $0.07. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.42 billion. Marriott Vacations Worldwide had a positive return on equity of 12.27% and a negative net margin of 6.47%. Marriott Vacations Worldwide’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.69 earnings per share. Sell-side analysts forecast that Marriott Vacations Worldwide will post 9.07 EPS for the current fiscal year.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, Director Christian Asmar sold 750,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $111.49, for a total transaction of $83,617,500.00. Following the transaction, the director directly owned 3,380,818 shares of the company’s stock, valued at approximately $376,927,398.82. This trade represents a 18.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kathleen A. Pighini sold 2,500 shares of Marriott Vacations Worldwide stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $120.00, for a total value of $300,000.00. Following the completion of the transaction, the insider owned 10,821 shares in the company, valued at approximately $1,298,520. This represents a 18.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 13.30% of the company’s stock.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several institutional investors have recently bought and sold shares of VAC. Chicago Partners Investment Group LLC grew its position in Marriott Vacations Worldwide by 3.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,568 shares of the company’s stock worth $499,000 after acquiring an additional 146 shares during the last quarter. Parallel Advisors LLC lifted its position in Marriott Vacations Worldwide by 27.5% in the third quarter. Parallel Advisors LLC now owns 1,030 shares of the company’s stock valued at $105,000 after purchasing an additional 222 shares during the last quarter. Signaturefd LLC lifted its position in Marriott Vacations Worldwide by 67.0% in the third quarter. Signaturefd LLC now owns 561 shares of the company’s stock valued at $57,000 after purchasing an additional 225 shares during the last quarter. GAMMA Investing LLC lifted its position in Marriott Vacations Worldwide by 11.4% in the third quarter. GAMMA Investing LLC now owns 2,239 shares of the company’s stock valued at $229,000 after purchasing an additional 229 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in shares of Marriott Vacations Worldwide during the third quarter valued at approximately $26,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Marriott Vacations Worldwide

Here are the key news stories impacting Marriott Vacations Worldwide this week:

• Positive Sentiment: Contract sales rose 29% year over year to $565 million in the third quarter, while volume per guest increased 30% to $4,822. These operating gains support the long-term growth case. Marriott Vacations: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: A Zacks article highlighted VAC as a potential long-term growth stock, drawing on its stock-style scoring framework. Why Marriott Vacations Worldwide Is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Barclays lowered its target from $140 to $139 but maintained an Overweight rating; JPMorgan trimmed its target from $125 to $124 and also remained Overweight. The modest cuts temper, but do not reverse, their positive stance. Barclays price target update
• Negative Sentiment: Wells Fargo cut its target from $100 to $97 and kept an Underweight rating, signaling downside risk in its view. Wells Fargo price target update

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation (NYSE:VAC) is a global vacation ownership and leisure travel company. It develops, markets, sells, and manages vacation ownership interests, which provide customers with access to accommodations and resort experiences through points-based and deeded ownership programs. The company also operates related vacation exchange, rental, resort management, and travel businesses.

Its portfolio includes vacation ownership and related offerings under brands such as Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, Grand Residences by Marriott, and Aqua-Aston.