T. Rowe Price Investment Management Inc. Buys 21,631 Shares of Marriott Vacations Worldwide Corporation $VAC

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Marriott Vacations Worldwide by 2.8%, owning approximately $51.4 million worth of stock as of the latest SEC filing.
• Marriott Vacations Worldwide reported strong quarterly earnings with an EPS of $1.96, surpassing analyst expectations, and a 9.3% year-over-year revenue increase.
• Institutional investors own 89.52% of Marriott Vacations Worldwide stock, indicating strong institutional confidence in the company's future performance.

T. Rowe Price Investment Management Inc. grew its stake in shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 2.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 800,315 shares of the company's stock after purchasing an additional 21,631 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 2.32% of Marriott Vacations Worldwide worth $51,413,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of Marriott Vacations Worldwide by 136.5% during the first quarter. Fifth Third Bancorp now owns 395 shares of the company's stock valued at $25,000 after acquiring an additional 228 shares in the last quarter. True Wealth Design LLC raised its stake in Marriott Vacations Worldwide by 35.2% during the 4th quarter. True Wealth Design LLC now owns 595 shares of the company's stock valued at $53,000 after acquiring an additional 155 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Marriott Vacations Worldwide during the 1st quarter valued at $53,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Marriott Vacations Worldwide in the fourth quarter valued at $89,000. Finally, Headlands Technologies LLC acquired a new position in Marriott Vacations Worldwide in the 1st quarter worth approximately $112,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on VAC shares. Morgan Stanley restated an "underweight" rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. Barclays cut their target price on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Truist Financial dropped their price target on shares of Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, August 21st. Stifel Nicolaus set a $101.00 price objective on shares of Marriott Vacations Worldwide and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group boosted their price objective on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $90.50.

Insider Buying and Selling at Marriott Vacations Worldwide

In related news, Director Christian Asmar acquired 337,551 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Wednesday, June 18th. The stock was bought at an average price of $68.11 per share, with a total value of $22,990,598.61. Following the transaction, the director directly owned 4,045,984 shares in the company, valued at approximately $275,571,970.24. This represents a 9.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by corporate insiders.

Marriott Vacations Worldwide Price Performance

NYSE:VAC traded down $0.65 during mid-day trading on Thursday, hitting $77.92. 35,574 shares of the stock traded hands, compared to its average volume of 548,218. Marriott Vacations Worldwide Corporation has a 12-month low of $49.22 and a 12-month high of $100.32. The company has a quick ratio of 2.90, a current ratio of 3.55 and a debt-to-equity ratio of 2.17. The company has a market cap of $2.70 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49. The business's 50-day moving average price is $76.93 and its 200 day moving average price is $70.27.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.24. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. On average, analysts expect that Marriott Vacations Worldwide Corporation will post 6.23 EPS for the current fiscal year.

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.