Marriott Vacations Worldwide (NYSE:VAC) Stock Price Target Cut by Wells Fargo & Company

Marriott Vacations Worldwide (NYSE:VAC) had its price target cut by Wells Fargo & Company from $100.00 to $97.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an “underweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential downside of 12.20% from the stock’s current price.

Several other analysts also recently commented on the stock. Zacks Research downgraded shares of Marriott Vacations Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 22nd. Weiss Ratings raised shares of Marriott Vacations Worldwide from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $134.00 price target on shares of Marriott Vacations Worldwide in a research note on Wednesday, August 12th. Truist Financial raised their price target on Marriott Vacations Worldwide from $97.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Finally, Susquehanna boosted their price objective on Marriott Vacations Worldwide from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, October 15th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $111.91.

Marriott Vacations Worldwide Stock Performance

Marriott Vacations Worldwide stock traded up $3.29 during mid-day trading on Thursday, reaching $110.47. 425,389 shares of the stock traded hands, compared to its average volume of 350,709. Marriott Vacations Worldwide has a 12-month low of $44.58 and a 12-month high of $131.34. The business’s 50-day moving average is $106.35 and its 200-day moving average is $87.54. The company has a debt-to-equity ratio of 2.65, a current ratio of 3.56 and a quick ratio of 2.99. The stock has a market capitalization of $3.80 billion, a PE ratio of -14.87, a price-to-earnings-growth ratio of 2.55 and a beta of 1.31.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.07. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.42 billion. Marriott Vacations Worldwide had a negative net margin of 6.47% and a positive return on equity of 12.27%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.69 EPS. As a group, sell-side analysts predict that Marriott Vacations Worldwide will post 9.07 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Kathleen A. Pighini sold 2,500 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $120.00, for a total value of $300,000.00. Following the sale, the insider directly owned 10,821 shares in the company, valued at approximately $1,298,520. The trade was a 18.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christian Asmar sold 750,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $111.49, for a total value of $83,617,500.00. Following the transaction, the director directly owned 3,380,818 shares of the company’s stock, valued at approximately $376,927,398.82. The trade was a 18.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 13.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Quantinno Capital Management LP grew its position in Marriott Vacations Worldwide by 12.3% in the first quarter. Quantinno Capital Management LP now owns 474,037 shares of the company’s stock worth $30,869,000 after acquiring an additional 52,007 shares in the last quarter. Penn Capital Management Company LLC raised its position in Marriott Vacations Worldwide by 23.4% during the third quarter. Penn Capital Management Company LLC now owns 200,801 shares of the company’s stock valued at $20,576,000 after purchasing an additional 38,061 shares during the period. Bank of New York Mellon Corp purchased a new stake in Marriott Vacations Worldwide during the second quarter valued at approximately $17,975,000. Ancora Advisors LLC purchased a new stake in Marriott Vacations Worldwide during the second quarter valued at approximately $16,002,000. Finally, Bamco Inc. NY bought a new stake in shares of Marriott Vacations Worldwide in the 2nd quarter valued at approximately $14,751,000. Institutional investors own 89.52% of the company’s stock.

Key Headlines Impacting Marriott Vacations Worldwide

Here are the key news stories impacting Marriott Vacations Worldwide this week:

• Positive Sentiment: Contract sales rose 29% year over year to $565 million in the third quarter, while volume per guest increased 30% to $4,822. These operating gains support the long-term growth case. Marriott Vacations: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: A Zacks article highlighted VAC as a potential long-term growth stock, drawing on its stock-style scoring framework. Why Marriott Vacations Worldwide Is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Barclays lowered its target from $140 to $139 but maintained an Overweight rating; JPMorgan trimmed its target from $125 to $124 and also remained Overweight. The modest cuts temper, but do not reverse, their positive stance. Barclays price target update
• Negative Sentiment: Wells Fargo cut its target from $100 to $97 and kept an Underweight rating, signaling downside risk in its view. Wells Fargo price target update

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation (NYSE:VAC) is a global vacation ownership and leisure travel company. It develops, markets, sells, and manages vacation ownership interests, which provide customers with access to accommodations and resort experiences through points-based and deeded ownership programs. The company also operates related vacation exchange, rental, resort management, and travel businesses.

Its portfolio includes vacation ownership and related offerings under brands such as Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, Grand Residences by Marriott, and Aqua-Aston.