Marriott Vacations Worldwide (NYSE:VAC) Upgraded to Hold at StockNews.com

Marriott Vacations Worldwide (NYSE:VAC) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Several other analysts have also issued reports on the company. Stifel Nicolaus boosted their target price on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Truist Financial boosted their target price on Marriott Vacations Worldwide from $159.00 to $161.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft boosted their target price on Marriott Vacations Worldwide from $116.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Mizuho decreased 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, Barclays boosted their price objective on Marriott Vacations Worldwide from $102.00 to $106.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Marriott Vacations Worldwide currently has an average rating of “Hold” and an average target price of $112.22.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock traded up $2.72 during trading hours on Thursday, hitting $88.19. 457,554 shares of the company were exchanged, compared to its average volume of 489,112. Marriott Vacations Worldwide has a 52-week low of $72.78 and a 52-week high of $133.99. The company has a current ratio of 3.12, a quick ratio of 2.62 and a debt-to-equity ratio of 2.22. The firm has a fifty day simple moving average of $90.09 and a 200 day simple moving average of $91.76. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 0.60 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Monday, May 6th. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.14. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. Marriott Vacations Worldwide had a return on equity of 11.77% and a net margin of 4.50%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.54 earnings per share. Research analysts predict that Marriott Vacations Worldwide will post 7.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VAC. Graham Capital Management L.P. boosted its holdings in shares of Marriott Vacations Worldwide by 47.5% in the 3rd quarter. Graham Capital Management L.P. now owns 2,719 shares of the company’s stock worth $274,000 after purchasing an additional 876 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of Marriott Vacations Worldwide in the 3rd quarter worth about $359,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Marriott Vacations Worldwide by 87.0% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 13,069 shares of the company’s stock worth $1,316,000 after purchasing an additional 6,082 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Marriott Vacations Worldwide by 81.6% in the 4th quarter. Nordea Investment Management AB now owns 32,586 shares of the company’s stock worth $2,775,000 after purchasing an additional 14,646 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Marriott Vacations Worldwide in the 4th quarter worth about $212,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

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.