Marriott Vacations Worldwide (NYSE:VAC) Upgraded to “Overweight” at Barclays

Marriott Vacations Worldwide (NYSE:VAC) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued on Friday,Benzinga reports. The brokerage presently has a $116.00 price objective on the stock, up from their previous price objective of $97.00. Barclays‘s price objective would suggest a potential upside of 22.20% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Truist Financial boosted their price target on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group upped their target price on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday. Mizuho upped their price target on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Stifel Nicolaus increased their target price on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $106.22.

Marriott Vacations Worldwide Stock Performance

Shares of VAC opened at $94.93 on Friday. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide has a 12 month low of $67.28 and a 12 month high of $108.57. The company’s fifty day moving average is $86.45 and its 200-day moving average is $82.21. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 0.87 and a beta of 1.84.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC increased its position in shares of Marriott Vacations Worldwide by 6.1% during the 3rd quarter. Tidal Investments LLC now owns 8,098 shares of the company’s stock worth $595,000 after purchasing an additional 464 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Marriott Vacations Worldwide during the third quarter worth about $97,000. Sanctuary Advisors LLC acquired a new stake in shares of Marriott Vacations Worldwide during the third quarter worth approximately $348,000. Virtu Financial LLC bought a new position in shares of Marriott Vacations Worldwide in the third quarter valued at approximately $245,000. Finally, Stifel Financial Corp boosted its holdings in shares of Marriott Vacations Worldwide by 3.4% in the 3rd quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock worth $411,000 after acquiring an additional 184 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.