Barclays Forecasts Strong Price Appreciation for Marriott Vacations Worldwide (NYSE:VAC) Stock

Marriott Vacations Worldwide (NYSE:VAC) had its price target upped by investment analysts at Barclays from $74.00 to $97.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 1.73% from the company’s previous close.

VAC has been the topic of a number of other research reports. JMP Securities reduced their price target on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. The Goldman Sachs Group began coverage on Marriott Vacations Worldwide in a report on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price target for the company. StockNews.com downgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Finally, Stifel Nicolaus decreased their price objective on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $98.95.

Marriott Vacations Worldwide Price Performance

Shares of NYSE:VAC traded down $0.63 during midday trading on Friday, hitting $95.35. 407,398 shares of the stock were exchanged, compared to its average volume of 464,035. Marriott Vacations Worldwide has a twelve month low of $67.28 and a twelve month high of $108.57. The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.21. The company has a 50 day moving average price of $75.64 and a 200-day moving average price of $82.76. The stock has a market cap of $3.34 billion, a P/E ratio of 18.11, a PEG ratio of 0.73 and a beta of 1.79.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, November 6th. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.27. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. On average, research analysts forecast that Marriott Vacations Worldwide will post 6.08 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jason P. Marino bought 700 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the purchase, the insider now owns 15,851 shares of the company’s stock, valued at $1,093,719. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Verity Asset Management Inc. lifted its stake in shares of Marriott Vacations Worldwide by 3.1% in the 3rd quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock worth $316,000 after acquiring an additional 131 shares during the period. Covestor Ltd lifted its position in Marriott Vacations Worldwide by 10.5% in the first quarter. Covestor Ltd now owns 1,670 shares of the company’s stock worth $180,000 after purchasing an additional 159 shares during the period. Commonwealth Equity Services LLC boosted its stake in Marriott Vacations Worldwide by 5.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock valued at $371,000 after purchasing an additional 216 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Marriott Vacations Worldwide by 615.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock valued at $31,000 after purchasing an additional 246 shares during the period. Finally, Quarry LP raised its stake in shares of Marriott Vacations Worldwide by 368.4% in the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after buying an additional 350 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

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.