Barclays Upgrades Marriott Vacations Worldwide (NYSE:VAC) to Overweight

Marriott Vacations Worldwide (NYSE:VAC) was upgraded by equities researchers at Barclays from an “equal weight” rating to an “overweight” rating in a report released on Friday, Marketbeat.com reports. The brokerage currently has a $116.00 target price on the stock, up from their prior target price of $97.00. Barclays‘s target price points to a potential upside of 22.69% from the company’s previous close.

Several other equities analysts also recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Stifel Nicolaus upped their price target on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Truist Financial lifted their price objective on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Mizuho raised their target price on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $106.22.

Marriott Vacations Worldwide Trading Down 0.3 %

Shares of NYSE:VAC opened at $94.55 on Friday. The business’s 50-day moving average is $86.81 and its 200 day moving average is $82.14. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. Marriott Vacations Worldwide has a 1 year low of $67.28 and a 1 year high of $108.57. The firm has a market capitalization of $3.30 billion, a P/E ratio of 18.01, a P/E/G ratio of 0.87 and a beta of 1.84.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VAC. True Wealth Design LLC purchased a new stake in shares of Marriott Vacations Worldwide in the third quarter worth about $32,000. Quarry LP boosted its position in Marriott Vacations Worldwide by 368.4% in the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after purchasing an additional 350 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter worth approximately $39,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Marriott Vacations Worldwide by 128.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock valued at $57,000 after purchasing an additional 366 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in shares of Marriott Vacations Worldwide by 6,881.3% in the 3rd 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 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.