Marriott Vacations Worldwide (NYSE:VAC) Hits New 12-Month Low - Here's Why

Marriott Vacations Worldwide Co. (NYSE:VAC - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $62.18 and last traded at $63.32, with a volume of 67266 shares trading hands. The stock had previously closed at $64.24.

Analyst Ratings Changes

Several equities research analysts recently weighed in on VAC shares. Morgan Stanley began coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an "underweight" rating and a $87.00 price objective for the company. Stifel Nicolaus reduced their price target on Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Mizuho increased their price objective on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. The Goldman Sachs Group lifted their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a "sell" rating in a report on Tuesday, December 10th. Finally, Truist Financial lowered their price target on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $102.75.

Marriott Vacations Worldwide Price Performance

The firm has a market capitalization of $1.89 billion, a PE ratio of 10.41, a P/E/G ratio of 0.67 and a beta of 1.66. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The business's 50 day moving average is $76.19 and its two-hundred day moving average is $82.23.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. As a group, research analysts anticipate that Marriott Vacations Worldwide Co. will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a dividend of $0.79 per share. The ex-dividend date was Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.78%. Marriott Vacations Worldwide's dividend payout ratio is 56.23%.

Insiders Place Their Bets

In related news, insider Stephanie Sobeck Butera bought 650 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $71.66 per share, with a total value of $46,579.00. Following the purchase, the insider now owns 8,770 shares in the company, valued at approximately $628,458.20. The trade was a 8.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.70% of the stock is owned by insiders.

Institutional Trading of Marriott Vacations Worldwide

A number of institutional investors have recently made changes to their positions in VAC. Cerity Partners LLC raised its holdings in Marriott Vacations Worldwide by 167.5% during the 3rd quarter. Cerity Partners LLC now owns 7,739 shares of the company's stock valued at $569,000 after buying an additional 4,846 shares during the last quarter. Quarry LP raised its stake in shares of Marriott Vacations Worldwide by 81.6% during the third quarter. Quarry LP now owns 808 shares of the company's stock valued at $59,000 after acquiring an additional 363 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Marriott Vacations Worldwide by 15.2% during the third quarter. Quantinno Capital Management LP now owns 10,930 shares of the company's stock worth $803,000 after purchasing an additional 1,444 shares during the period. Stifel Financial Corp grew its stake in shares of Marriott Vacations Worldwide by 3.4% in the third quarter. Stifel Financial Corp now owns 5,596 shares of the company's stock worth $411,000 after purchasing an additional 184 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Marriott Vacations Worldwide during the 3rd quarter valued at approximately $245,000. Hedge funds and other institutional investors own 89.52% of the company's stock.

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.