Marriott Vacations Worldwide (NYSE:VAC) Stock Price Down 4.2% Following Analyst Downgrade

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC - Get Free Report) were down 4.2% during mid-day trading on Monday after The Goldman Sachs Group lowered their price target on the stock from $78.00 to $48.00. The Goldman Sachs Group currently has a sell rating on the stock. Marriott Vacations Worldwide traded as low as $51.20 and last traded at $51.21. Approximately 104,006 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 432,891 shares. The stock had previously closed at $53.47.

Other equities research analysts have also issued reports about the stock. Barclays reduced their target price 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. Stifel Nicolaus decreased their price target on Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Truist Financial cut their target price on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Morgan Stanley began coverage on Marriott Vacations Worldwide in a research note on Monday, January 6th. They issued an "underweight" rating and a $87.00 target price for the company. Finally, Mizuho lifted their price target on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $98.13.

Insider Buying and Selling

In other news, insider Stephanie Sobeck Butera acquired 650 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the transaction, the insider now directly owns 8,770 shares in the company, valued at approximately $628,458.20. This represents a 8.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of large investors have recently bought and sold shares of VAC. Blue Trust Inc. boosted 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 worth $48,000 after buying an additional 302 shares during the period. Family Office Research LLC bought a new position in Marriott Vacations Worldwide in the fourth quarter valued at about $1,702,000. Norges Bank bought a new position in Marriott Vacations Worldwide in the 4th quarter valued at approximately $31,677,000. Sanctuary Advisors LLC acquired a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter valued at $348,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth about $560,000. Institutional investors and hedge funds own 89.52% of the company's stock.

Marriott Vacations Worldwide Price Performance

The stock has a market cap of $1.83 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 0.67 and a beta of 1.66. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The business has a 50-day simple moving average of $68.44 and a 200 day simple moving average of $80.43.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.35. The business 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%. On average, analysts forecast that Marriott Vacations Worldwide Co. will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 5.96%. The ex-dividend date was Wednesday, March 5th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 56.23%.

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.