The Goldman Sachs Group Lowers Marriott Vacations Worldwide (NYSE:VAC) Price Target to $48.00

Marriott Vacations Worldwide (NYSE:VAC) had its price target lowered by stock analysts at The Goldman Sachs Group from $78.00 to $48.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential downside of 9.46% from the company’s previous close.

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

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $53.02 on Monday. Marriott Vacations Worldwide has a 1 year low of $49.22 and a 1 year high of $103.51. 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 firm has a market cap of $1.83 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.67 and a beta of 1.66. The stock’s 50-day moving average is $70.33 and its two-hundred day moving average is $80.87.

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 analysts’ consensus estimates of $1.51 by $0.35. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. Analysts predict that Marriott Vacations Worldwide will post 6.23 earnings per share for the current year.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera purchased 650 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $71.66 per share, with a total value of $46,579.00. Following the completion of the transaction, the insider now owns 8,770 shares of the company’s stock, valued at approximately $628,458.20. This trade represents a 8.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.

Institutional Trading of Marriott Vacations Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Stifel Financial Corp increased its stake in Marriott Vacations Worldwide by 3.4% during the third quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock worth $411,000 after acquiring an additional 184 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter worth about $245,000. Sanctuary Advisors LLC purchased a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter worth about $348,000. Wilmington Savings Fund Society FSB acquired a new stake in Marriott Vacations Worldwide during the 3rd quarter worth approximately $97,000. Finally, Tidal Investments LLC raised its holdings in Marriott Vacations Worldwide by 6.1% in the third quarter. Tidal Investments LLC now owns 8,098 shares of the company’s stock valued at $595,000 after buying an additional 464 shares during the period. 89.52% of the stock is currently owned by institutional investors and hedge funds.

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.