Marriott Vacations Worldwide (NYSE:VAC) Hits New 52-Week Low at $67.72

Marriott Vacations Worldwide Co. (NYSE:VAC)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $67.72 and last traded at $68.21, with a volume of 73120 shares trading hands. The stock had previously closed at $70.36.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VAC shares. Stifel Nicolaus reduced their target price on shares of Marriott Vacations Worldwide from $117.00 to $108.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Barclays reduced their price objective on Marriott Vacations Worldwide from $106.00 to $82.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. StockNews.com downgraded Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. JMP Securities cut their price target on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research note on Friday, August 2nd. Finally, Truist Financial cut their price objective on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $102.67.

Marriott Vacations Worldwide Stock Down 1.5 %

The company has a debt-to-equity ratio of 2.21, a current ratio of 3.28 and a quick ratio of 2.72. The firm has a market cap of $2.43 billion, a PE ratio of 13.01, a PEG ratio of 0.66 and a beta of 1.81. The business’s 50 day moving average price is $78.30 and its 200 day moving average price is $89.36.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.89). The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.21 billion. Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The company’s revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.19 EPS. On average, equities research analysts expect that Marriott Vacations Worldwide Co. will post 6.12 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 4.39%. The ex-dividend date is Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.19%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the company. Impactive Capital LP acquired a new stake in Marriott Vacations Worldwide in the first quarter valued at $123,613,000. Burgundy Asset Management Ltd. increased its position in Marriott Vacations Worldwide by 55.0% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,064,068 shares of the company’s stock worth $90,329,000 after buying an additional 377,766 shares during the period. Norges Bank acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at approximately $31,220,000. Capital World Investors purchased a new position in shares of Marriott Vacations Worldwide during the fourth quarter worth approximately $210,000. Finally, GRS Advisors LLC grew its position in shares of Marriott Vacations Worldwide by 2,050.8% during the fourth quarter. GRS Advisors LLC now owns 242,288 shares of the company’s stock worth $20,568,000 after acquiring an additional 231,023 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

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.