Wells Fargo & Company Issues Pessimistic Forecast for Marriott Vacations Worldwide (NYSE:VAC) Stock Price

Marriott Vacations Worldwide (NYSE:VAC) had its price target lowered by Wells Fargo & Company from $100.00 to $97.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “underweight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential downside of 15.06% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Truist Financial upped their target price on shares of Marriott Vacations Worldwide from $97.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, September 10th. The Goldman Sachs Group reiterated a “buy” rating and set a $132.00 price target on shares of Marriott Vacations Worldwide in a research note on Friday, August 7th. Morgan Stanley dropped their price target on shares of Marriott Vacations Worldwide from $65.00 to $63.00 and set an “underweight” rating on the stock in a research note on Thursday, October 22nd. Barclays boosted their price objective on shares of Marriott Vacations Worldwide from $94.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Zacks Research lowered Marriott Vacations Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 22nd. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Marriott Vacations Worldwide has an average rating of “Hold” and an average target price of $107.75.

Marriott Vacations Worldwide Price Performance

NYSE VAC opened at $114.20 on Thursday. Marriott Vacations Worldwide has a 52 week low of $44.58 and a 52 week high of $131.34. The firm has a market capitalization of $3.93 billion, a P/E ratio of -11.72, a PEG ratio of 2.57 and a beta of 1.31. The company has a quick ratio of 2.99, a current ratio of 3.56 and a debt-to-equity ratio of 2.65. The company has a 50-day moving average price of $106.53 and a 200-day moving average price of $87.05.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.07. The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Marriott Vacations Worldwide had a negative net margin of 6.47% and a positive return on equity of 12.27%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.69 EPS. Equities research analysts anticipate that Marriott Vacations Worldwide will post 8.92 earnings per share for the current year.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, Director Christian Asmar sold 750,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $111.49, for a total transaction of $83,617,500.00. Following the sale, the director owned 3,380,818 shares in the company, valued at approximately $376,927,398.82. This trade represents a 18.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kathleen A. Pighini sold 2,500 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $120.00, for a total transaction of $300,000.00. Following the transaction, the insider directly owned 10,821 shares in the company, valued at $1,298,520. This represents a 18.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 13.30% of the company’s stock.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of hedge funds have recently modified their holdings of VAC. Quantinno Capital Management LP raised its position in shares of Marriott Vacations Worldwide by 12.3% during the 1st quarter. Quantinno Capital Management LP now owns 474,037 shares of the company’s stock valued at $30,869,000 after purchasing an additional 52,007 shares during the period. Penn Capital Management Company LLC boosted its holdings in Marriott Vacations Worldwide by 23.4% in the 3rd quarter. Penn Capital Management Company LLC now owns 200,801 shares of the company’s stock worth $20,576,000 after buying an additional 38,061 shares during the period. Bank of New York Mellon Corp bought a new position in Marriott Vacations Worldwide in the 2nd quarter worth $17,975,000. Ancora Advisors LLC bought a new position in Marriott Vacations Worldwide in the 2nd quarter worth $16,002,000. Finally, Bamco Inc. NY purchased a new stake in Marriott Vacations Worldwide in the 2nd quarter worth $14,751,000. 89.52% of the stock is currently owned by institutional investors.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation (NYSE:VAC) is a global vacation ownership and leisure travel company. It develops, markets, sells, and manages vacation ownership interests, which provide customers with access to accommodations and resort experiences through points-based and deeded ownership programs. The company also operates related vacation exchange, rental, resort management, and travel businesses.

Its portfolio includes vacation ownership and related offerings under brands such as Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, Grand Residences by Marriott, and Aqua-Aston.