Marriott Vacations Worldwide (NYSE:VAC) Price Target Raised to $117.00

Marriott Vacations Worldwide (NYSE:VAC) had its target price boosted by research analysts at Mizuho from $110.00 to $117.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price target suggests a potential upside of 24.28% from the stock’s previous close.

Several other analysts have also issued reports on the company. Truist Financial dropped their price objective on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Barclays upped their price objective on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, JMP Securities dropped their price objective 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $98.05.

Marriott Vacations Worldwide Stock Down 1.5 %

VAC stock opened at $94.14 on Tuesday. The business has a 50-day moving average of $76.48 and a 200-day moving average of $82.41. Marriott Vacations Worldwide has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.28 and a quick ratio of 2.72. The stock has a market capitalization of $3.30 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.87 and a beta of 1.79.

Insider Activity

In other news, insider Jason P. Marino acquired 700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $69.00 per share, with a total value of $48,300.00. Following the completion of the purchase, the insider now directly owns 15,851 shares of the company’s stock, valued at $1,093,719. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VAC. Picton Mahoney Asset Management bought a new position in shares of Marriott Vacations Worldwide in the 1st quarter valued at $4,676,000. Harbor Capital Advisors Inc. raised its position in Marriott Vacations Worldwide by 335.6% in the second quarter. Harbor Capital Advisors Inc. now owns 25,457 shares of the company’s stock valued at $2,223,000 after purchasing an additional 19,613 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Marriott Vacations Worldwide by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock worth $351,872,000 after purchasing an additional 143,074 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Marriott Vacations Worldwide by 178.2% in the second quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock valued at $29,771,000 after buying an additional 227,465 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Marriott Vacations Worldwide by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock valued at $139,687,000 after buying an additional 207,938 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Company Profile

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.