Truist Financial Has Lowered Expectations for Marriott Vacations Worldwide (NYSE:VAC) Stock Price

Marriott Vacations Worldwide (NYSE:VAC) had its target price dropped by investment analysts at Truist Financial from $142.00 to $140.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target would suggest a potential upside of 91.80% from the stock’s previous close.

VAC has been the subject of a number of other research reports. Morgan Stanley started coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They issued an “underweight” rating and a $87.00 target price for the company. The Goldman Sachs Group raised their price target 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. StockNews.com upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Barclays cut their price target on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Finally, Stifel Nicolaus cut their price target on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $102.75.

Marriott Vacations Worldwide Stock Up 1.8 %

VAC stock opened at $72.99 on Friday. Marriott Vacations Worldwide has a 12-month low of $67.28 and a 12-month high of $108.57. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.67 and a beta of 1.83. The company has a 50 day moving average of $84.44 and a two-hundred day moving average of $83.19.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. On average, equities analysts anticipate that Marriott Vacations Worldwide will post 6.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera purchased 650 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $71.66 per share, with a total value of $46,579.00. Following the completion of the transaction, the insider now owns 8,770 shares in the company, valued at $628,458.20. The trade was a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several hedge funds have recently bought and sold shares of VAC. True Wealth Design LLC bought a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter valued at approximately $32,000. Capital Performance Advisors LLP bought a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter valued at approximately $39,000. Blue Trust Inc. grew its holdings in shares of Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after purchasing an additional 302 shares during the last quarter. Brown Lisle Cummings Inc. bought a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at approximately $50,000. Finally, Quarry LP grew its holdings in shares of Marriott Vacations Worldwide by 81.6% during the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock valued at $59,000 after purchasing an additional 363 shares during the last quarter. 89.52% of the stock is 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.