Marriott Vacations Worldwide (NYSE:VAC) Reaches New 1-Year Low – What’s Next?

Marriott Vacations Worldwide Co. (NYSE:VAC)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $65.43 and last traded at $65.47, with a volume of 578989 shares changing hands. The stock had previously closed at $68.55.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VAC shares. Barclays decreased 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 research report on Friday, February 28th. Truist Financial decreased their target price on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Morgan Stanley started coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 target price on the stock. Stifel Nicolaus decreased their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Mizuho increased their price target on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Two research 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.com, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and a consensus price target of $102.75.

Marriott Vacations Worldwide Price Performance

The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. The company’s 50-day moving average is $81.63 and its 200-day moving average is $82.99.

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. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. Equities research analysts predict that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a $0.79 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a yield of 4.83%. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.23%.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera purchased 650 shares of the company’s stock in a transaction dated 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 purchase, the insider now owns 8,770 shares of the company’s stock, valued at approximately $628,458.20. The trade was a 8.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Marriott Vacations Worldwide by 6.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,883,197 shares of the company’s stock valued at $169,110,000 after acquiring an additional 116,854 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Marriott Vacations Worldwide by 5.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,378,561 shares of the company’s stock worth $123,795,000 after buying an additional 74,956 shares during the last quarter. Principal Financial Group Inc. raised its stake in Marriott Vacations Worldwide by 2.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,181,961 shares of the company’s stock worth $106,140,000 after buying an additional 23,380 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Marriott Vacations Worldwide by 18.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after buying an additional 168,130 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in Marriott Vacations Worldwide by 0.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 778,684 shares of the company’s stock worth $69,926,000 after buying an additional 7,046 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

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.