Marriott Vacations Worldwide (NYSE:VAC) Sets New 1-Year Low at $67.72

Marriott Vacations Worldwide Co. (NYSE:VAC)’s share price hit a new 52-week low during trading on Tuesday . The stock 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.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VAC. Barclays dropped their price objective on Marriott Vacations Worldwide from $106.00 to $82.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Truist Financial lowered their target price on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating for the company in a research note on Friday, July 19th. StockNews.com cut shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, July 19th. Mizuho dropped their price objective on Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, June 14th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and a consensus target price of $102.67.

Marriott Vacations Worldwide Stock Up 0.4 %

The stock has a market capitalization of $2.44 billion, a P/E ratio of 12.79, a PEG ratio of 0.66 and a beta of 1.81. The firm’s 50-day simple moving average is $77.73 and its 200 day simple moving average is $89.04. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). The company had revenue of $1.14 billion during 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 firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company posted $2.19 EPS. As a group, research analysts expect that Marriott Vacations Worldwide Co. will post 6.12 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.04 annualized dividend and a yield of 4.37%. Marriott Vacations Worldwide’s payout ratio is currently 56.19%.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Jason P. Marino bought 700 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was purchased at an average price of $69.00 per share, with a total value of $48,300.00. Following the completion of the acquisition, the insider now owns 15,851 shares of the company’s stock, valued at $1,093,719. The purchase was disclosed in a document filed with the SEC, which is available through this link. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of Marriott Vacations Worldwide by 615.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in Marriott Vacations Worldwide in the 1st quarter valued at about $41,000. Quarry LP boosted its stake in Marriott Vacations Worldwide by 368.4% during the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after purchasing an additional 350 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of Marriott Vacations Worldwide by 20.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock valued at $86,000 after buying an additional 175 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Marriott Vacations Worldwide in the 2nd quarter worth $90,000. Institutional investors and hedge funds 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.