Hudson Bay Capital Management LP Boosts Stake in Marriott Vacations Worldwide Co. (NYSE:VAC)

Hudson Bay Capital Management LP increased its stake in Marriott Vacations Worldwide Co. (NYSE:VAC - Free Report) by 44.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,183 shares of the company's stock after buying an additional 36,682 shares during the period. Hudson Bay Capital Management LP owned 0.34% of Marriott Vacations Worldwide worth $10,703,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in VAC. Blue Trust Inc. raised its stake in Marriott Vacations Worldwide by 130.7% in the fourth quarter. Blue Trust Inc. now owns 533 shares of the company's stock worth $48,000 after buying an additional 302 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in Marriott Vacations Worldwide during the fourth quarter valued at about $50,000. Atala Financial Inc purchased a new position in Marriott Vacations Worldwide in the fourth quarter valued at about $112,000. KBC Group NV raised its holdings in Marriott Vacations Worldwide by 51.5% in the fourth quarter. KBC Group NV now owns 1,460 shares of the company's stock worth $131,000 after purchasing an additional 496 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Marriott Vacations Worldwide by 40.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,572 shares of the company's stock valued at $141,000 after buying an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 89.52% of the company's stock.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE VAC traded down $0.94 during trading on Thursday, reaching $71.28. 382,384 shares of the company traded hands, compared to its average volume of 451,947. The stock has a market cap of $2.46 billion, a P/E ratio of 13.58, a PEG ratio of 0.67 and a beta of 1.42. The firm's fifty day simple moving average is $60.55 and its 200 day simple moving average is $78.37. 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 Co. has a 12-month low of $49.22 and a 12-month high of $101.33.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.10. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The firm's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.80 earnings per share. As a group, research analysts anticipate that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend is Friday, May 23rd. Marriott Vacations Worldwide's dividend payout ratio (DPR) is presently 53.92%.

Analysts Set New Price Targets

VAC has been the subject of several recent analyst reports. Mizuho reduced their price objective on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Morgan Stanley raised shares of Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $67.00 to $57.00 in a report on Tuesday, April 22nd. Stifel Nicolaus lowered their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Barclays reduced their target price on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Truist Financial dropped their price target on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Marriott Vacations Worldwide currently has a consensus rating of "Moderate Buy" and an average price target of $92.25.

Insider Activity

In other news, insider Stephanie Sobeck Butera bought 650 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the transaction, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. The trade was a 8.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.60% 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.