Stifel Nicolaus Lowers Marriott Vacations Worldwide (NYSE:VAC) Price Target to $108.00

Marriott Vacations Worldwide (NYSE:VAC) had its price objective reduced by investment analysts at Stifel Nicolaus from $112.00 to $108.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 43.10% from the stock’s current price.

A number of other research firms also recently weighed in on VAC. StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Truist Financial upped their target price on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Mizuho lifted their price target on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday. The Goldman Sachs Group boosted their price target on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley began coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Marriott Vacations Worldwide presently has an average rating of “Hold” and a consensus target price of $103.00.

Marriott Vacations Worldwide Stock Down 2.6 %

NYSE:VAC opened at $75.47 on Thursday. The business’s fifty day moving average price is $86.32 and its 200 day moving average price is $83.06. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 0.67 and a beta of 1.83. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide has a 1-year low of $67.28 and a 1-year high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. On average, sell-side analysts forecast that Marriott Vacations Worldwide will post 6.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VAC. Forum Financial Management LP bought a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth approximately $203,000. Ananym Capital Management LP bought a new position in shares of Marriott Vacations Worldwide during the fourth quarter worth about $21,987,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Marriott Vacations Worldwide by 16.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 96,139 shares of the company’s stock valued at $8,633,000 after purchasing an additional 13,840 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in Marriott Vacations Worldwide during the 4th quarter worth about $545,000. Finally, True Wealth Design LLC boosted its position in Marriott Vacations Worldwide by 35.2% during the fourth quarter. True Wealth Design LLC now owns 595 shares of the company’s stock valued at $53,000 after purchasing an additional 155 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

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.