Barclays Forecasts Strong Price Appreciation for Marriott Vacations Worldwide (NYSE:VAC) Stock

Marriott Vacations Worldwide (NYSE:VAC) had its price objective lifted by investment analysts at Barclays from $74.00 to $97.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential upside of 1.46% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. StockNews.com lowered shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. JMP Securities lowered their price objective on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research report on Friday, August 2nd. Truist Financial cut their target price on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Finally, Stifel Nicolaus lowered their price target on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $98.95.

Marriott Vacations Worldwide Stock Down 0.4 %

Shares of NYSE:VAC opened at $95.60 on Friday. The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.21. The stock has a fifty day simple moving average of $76.08 and a two-hundred day simple moving average of $82.60. Marriott Vacations Worldwide has a 12-month low of $67.28 and a 12-month high of $108.57. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 0.79 and a beta of 1.79.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.27. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.27 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.94%. On average, research analysts anticipate that Marriott Vacations Worldwide will post 6.08 earnings per share for the current fiscal year.

Insider Activity at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Jason P. Marino bought 700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average price of $69.00 per share, with a total value of $48,300.00. Following the purchase, the insider now owns 15,851 shares of the company’s stock, valued at $1,093,719. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of Marriott Vacations Worldwide

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its position in Marriott Vacations Worldwide by 615.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares during the last quarter. Quarry LP raised its position in shares of Marriott Vacations Worldwide by 368.4% during the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after buying an additional 350 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Marriott Vacations Worldwide in the 3rd quarter valued at about $39,000. Innealta Capital LLC purchased a new position in Marriott Vacations Worldwide in the second quarter worth about $90,000. Finally, Venturi Wealth Management LLC raised its position in Marriott Vacations Worldwide by 6,881.3% during the third quarter. Venturi Wealth Management LLC now owns 1,117 shares of the company’s stock valued at $82,000 after purchasing an additional 1,101 shares during the period. 89.52% of the stock is currently owned by institutional investors.

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.