Marriott Vacations Worldwide (NYSE:VAC) Shares Gap Down – Here’s Why

Shares of Marriott Vacations Worldwide Corporation (NYSE:VAC) gapped down before the market opened on Thursday . The stock had previously closed at $67.27, but opened at $56.28. Marriott Vacations Worldwide shares last traded at $52.20, with a volume of 330,199 shares.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Marriott Vacations Worldwide in a research note on Thursday, October 30th. The Goldman Sachs Group lifted their target price on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a “sell” rating in a report on Wednesday, August 6th. Truist Financial lowered their price target on Marriott Vacations Worldwide from $128.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, August 21st. Stifel Nicolaus set a $101.00 price objective on Marriott Vacations Worldwide and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Morgan Stanley set a $70.00 price objective on Marriott Vacations Worldwide in a research report on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $92.67.

Marriott Vacations Worldwide Trading Down 24.0%

The company has a market cap of $1.77 billion, a P/E ratio of 7.67, a PEG ratio of 0.96 and a beta of 1.50. The company has a current ratio of 3.55, a quick ratio of 2.90 and a debt-to-equity ratio of 2.17. The business has a 50 day moving average price of $71.27 and a 200-day moving average price of $71.07.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, November 5th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.05. Marriott Vacations Worldwide had a net margin of 5.10% and a return on equity of 11.74%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the company earned $1.80 earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.700-7.100 EPS. Analysts forecast that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $3.16 annualized dividend and a dividend yield of 6.2%. Marriott Vacations Worldwide’s payout ratio is presently 47.52%.

Institutional Trading of Marriott Vacations Worldwide

Several institutional investors have recently added to or reduced their stakes in VAC. Ameritas Advisory Services LLC bought a new stake in Marriott Vacations Worldwide in the 2nd quarter valued at $25,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Marriott Vacations Worldwide during the third quarter worth $25,000. Hantz Financial Services Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 627.8% during the second quarter. Hantz Financial Services Inc. now owns 393 shares of the company’s stock worth $28,000 after buying an additional 339 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 90.6% during the second quarter. Assetmark Inc. now owns 427 shares of the company’s stock worth $31,000 after buying an additional 203 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Marriott Vacations Worldwide by 79.8% during the second quarter. Allworth Financial LP now owns 473 shares of the company’s stock worth $34,000 after buying an additional 210 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors.

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.