JPMorgan Chase & Co. Has Lowered Expectations for Marriott Vacations Worldwide (NYSE:VAC) Stock Price

Marriott Vacations Worldwide (NYSE:VAC) had its target price reduced by analysts at JPMorgan Chase & Co. from $125.00 to $124.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 12.24% from the company’s current price.

Several other equities analysts have also recently issued reports on VAC. Morgan Stanley dropped their price objective 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $134.00 price target on shares of Marriott Vacations Worldwide in a research note on Wednesday, August 12th. Truist Financial increased their price target on shares of Marriott Vacations Worldwide from $97.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Weiss Ratings upgraded shares of Marriott Vacations Worldwide from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Finally, Wells Fargo & Company lowered their price objective on Marriott Vacations Worldwide from $100.00 to $97.00 and set an “underweight” rating on the stock in a report on Thursday. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $111.91.

Marriott Vacations Worldwide Trading Up 3.1%

Shares of VAC traded up $3.29 during trading on Thursday, reaching $110.47. 425,389 shares of the company traded hands, compared to its average volume of 350,709. 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 stock has a 50-day simple moving average of $106.35 and a 200-day simple moving average of $87.54. Marriott Vacations Worldwide has a twelve month low of $44.58 and a twelve month high of $131.34. The stock has a market cap of $3.80 billion, a PE ratio of -14.87, a price-to-earnings-growth ratio of 2.55 and a beta of 1.31.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.07. Marriott Vacations Worldwide had a positive return on equity of 12.27% and a negative net margin of 6.47%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the business posted $1.69 EPS. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, analysts anticipate that Marriott Vacations Worldwide will post 9.07 earnings per share for the current year.

Insider Activity at Marriott Vacations Worldwide

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

Institutional Trading of Marriott Vacations Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new position in shares of Marriott Vacations Worldwide in the 3rd quarter worth approximately $26,000. Eurizon Capital SGR S.p.A. bought a new position in Marriott Vacations Worldwide during the third quarter worth $32,000. USA Financial Formulas acquired a new position in Marriott Vacations Worldwide in the third quarter worth $50,000. Allworth Financial LP acquired a new position in Marriott Vacations Worldwide in the second quarter worth $54,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Marriott Vacations Worldwide in the second quarter worth $56,000. Institutional investors own 89.52% of the company’s stock.

Key Headlines Impacting Marriott Vacations Worldwide

Here are the key news stories impacting Marriott Vacations Worldwide this week:

• Positive Sentiment: Contract sales rose 29% year over year to $565 million in the third quarter, while volume per guest increased 30% to $4,822. These operating gains support the long-term growth case. Marriott Vacations: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: A Zacks article highlighted VAC as a potential long-term growth stock, drawing on its stock-style scoring framework. Why Marriott Vacations Worldwide Is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Barclays lowered its target from $140 to $139 but maintained an Overweight rating; JPMorgan trimmed its target from $125 to $124 and also remained Overweight. The modest cuts temper, but do not reverse, their positive stance. Barclays price target update
• Negative Sentiment: Wells Fargo cut its target from $100 to $97 and kept an Underweight rating, signaling downside risk in its view. Wells Fargo price target update

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.