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The Goldman Sachs Group Forecasts Strong Price Appreciation for Marriott Vacations Worldwide (NYSE:VAC) Stock

Marriott Vacations Worldwide logo with Consumer Discretionary background

Key Points

  • Goldman Sachs raised its price target for Marriott Vacations Worldwide from $55.00 to $65.00, indicating a potential downside of 10.39% from the stock's previous close.
  • Currently, there is a mix of ratings on the stock: two analysts rate it as a sell, one as hold, and five as buy, with a consensus price target of $93.00.
  • Marriott Vacations Worldwide reported earnings of $1.96 per share for its last quarter, surpassing estimates and demonstrating a 9.3% year-over-year revenue increase.
  • Need Better Tools to Track Marriott Vacations Worldwide? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) had its price objective lifted by equities research analysts at The Goldman Sachs Group from $55.00 to $65.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "sell" rating on the stock. The Goldman Sachs Group's price objective would indicate a potential downside of 10.39% from the stock's previous close.

VAC has been the subject of several other research reports. Morgan Stanley reiterated an "underweight" rating on shares of Marriott Vacations Worldwide in a research note on Tuesday, July 15th. Barclays cut their price target on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Mizuho reduced their target price on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Finally, Stifel Nicolaus set a $101.00 price target on Marriott Vacations Worldwide and gave the company a "buy" rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of "Hold" and a consensus price target of $93.00.

Check Out Our Latest Stock Report on Marriott Vacations Worldwide

Marriott Vacations Worldwide Stock Performance

NYSE:VAC traded down $0.45 during trading on Wednesday, reaching $72.54. The company's stock had a trading volume of 41,535 shares, compared to its average volume of 567,655. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 1.64 and a beta of 1.49. The company has a debt-to-equity ratio of 2.18, a quick ratio of 2.58 and a current ratio of 3.16. The firm has a 50 day moving average of $74.28 and a 200-day moving average of $71.44. Marriott Vacations Worldwide has a 12 month low of $49.22 and a 12 month high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.24. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.22 billion. Marriott Vacations Worldwide had a return on equity of 11.80% and a net margin of 5.10%. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 EPS. Research analysts expect that Marriott Vacations Worldwide will post 6.23 EPS for the current fiscal year.

Insider Activity at Marriott Vacations Worldwide

In related news, Director Christian Asmar bought 412,449 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was acquired at an average cost of $67.61 per share, for a total transaction of $27,885,676.89. Following the completion of the transaction, the director directly owned 3,708,433 shares in the company, valued at $250,727,155.13. This trade represents a 12.51% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.60% of the company's stock.

Institutional Trading of Marriott Vacations Worldwide

A number of hedge funds have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp bought a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter worth $218,000. Verity Asset Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 45.4% during the 2nd quarter. Verity Asset Management Inc. now owns 5,163 shares of the company's stock worth $373,000 after acquiring an additional 1,612 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 90.6% during the 2nd quarter. Assetmark Inc. now owns 427 shares of the company's stock worth $31,000 after acquiring an additional 203 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Marriott Vacations Worldwide by 627.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 393 shares of the company's stock valued at $28,000 after buying an additional 339 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of Marriott Vacations Worldwide by 11.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,850 shares of the company's stock valued at $351,000 after buying an additional 510 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

About Marriott Vacations Worldwide

(Get Free Report)

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.

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Analyst Recommendations for Marriott Vacations Worldwide (NYSE:VAC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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