Marriott Vacations Worldwide (NYSE:VAC) Shares Down 7.5% Following Analyst Downgrade

Marriott Vacations Worldwide Co. (NYSE:VAC)’s stock price fell 7.5% during trading on Thursday after Barclays lowered their price target on the stock from $116.00 to $97.00. Barclays currently has an overweight rating on the stock. Marriott Vacations Worldwide traded as low as $79.67 and last traded at $78.94. 89,682 shares traded hands during trading, a decline of 77% from the average session volume of 389,090 shares. The stock had previously closed at $85.38.

Other research analysts have also recently issued research reports about the stock. The Goldman Sachs Group raised their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th. Mizuho lifted their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Stifel Nicolaus lowered their target price on Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a report on Thursday. Finally, Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a research note on Monday, January 6th. They issued an “underweight” rating and a $87.00 price objective for the company. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $103.00.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Institutional investors and hedge funds have recently modified their holdings of the stock. True Wealth Design LLC acquired a new stake in Marriott Vacations Worldwide during the 3rd quarter worth about $32,000. Capital Performance Advisors LLP acquired a new stake in shares of Marriott Vacations Worldwide during the third quarter worth approximately $39,000. Blue Trust Inc. grew its position in Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after purchasing an additional 302 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new position in Marriott Vacations Worldwide in the 4th quarter valued at approximately $50,000. Finally, Quarry LP lifted its position in 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 buying an additional 363 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Down 2.6 %

The business’s 50 day simple moving average is $86.32 and its 200-day simple moving average is $83.06. 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 has a market cap of $2.63 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Sell-side analysts expect that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be given a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 4.19%. The ex-dividend date is Wednesday, March 5th. Marriott Vacations Worldwide’s payout ratio is presently 60.19%.

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.