Marriott Vacations Worldwide (NYSE:VAC) Hits New 12-Month Low at $102.50

Marriott Vacations Worldwide Co. (NYSE:VAC)’s share price reached a new 52-week low on Monday . The company traded as low as $102.50 and last traded at $102.77, with a volume of 86869 shares traded. The stock had previously closed at $103.51.

Wall Street Analysts Forecast Growth

VAC has been the subject of a number of research analyst reports. Barclays reduced their target price on Marriott Vacations Worldwide from $174.00 to $131.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. Truist Financial reduced their price objective on Marriott Vacations Worldwide from $219.00 to $190.00 and set a “buy” rating for the company in a research note on Friday, August 11th. Finally, StockNews.com started coverage on Marriott Vacations Worldwide in a research note on Thursday, August 17th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $181.17.

Marriott Vacations Worldwide Trading Down 1.3 %

The company has a debt-to-equity ratio of 2.03, a quick ratio of 2.73 and a current ratio of 3.32. The stock has a market cap of $3.72 billion, a PE ratio of 11.80 and a beta of 2.02. The company has a 50 day moving average of $118.28 and a two-hundred day moving average of $127.68.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($0.62). Marriott Vacations Worldwide had a return on equity of 17.65% and a net margin of 7.81%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm posted $2.87 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Sell-side analysts anticipate that Marriott Vacations Worldwide Co. will post 9.81 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, September 20th. Marriott Vacations Worldwide’s payout ratio is 32.58%.

Insider Buying and Selling

In related news, CEO John E. Geller, Jr. bought 5,000 shares of the stock in a transaction dated Monday, August 7th. The shares were acquired at an average cost of $112.84 per share, for a total transaction of $564,200.00. Following the acquisition, the chief executive officer now directly owns 43,323 shares in the company, valued at approximately $4,888,567.32. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO John E. Geller, Jr. bought 5,000 shares of the stock in a transaction dated Monday, August 7th. The shares were acquired at an average cost of $112.84 per share, for a total transaction of $564,200.00. Following the acquisition, the chief executive officer now directly owns 43,323 shares in the company, valued at approximately $4,888,567.32. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Anthony E. Terry bought 1,800 shares of the stock in a transaction dated Monday, August 7th. The shares were bought at an average price of $113.55 per share, for a total transaction of $204,390.00. Following the completion of the acquisition, the chief financial officer now owns 13,087 shares in the company, valued at $1,486,028.85. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Machina Capital S.A.S. acquired a new position in Marriott Vacations Worldwide in the first quarter valued at approximately $27,000. Rockefeller Capital Management L.P. raised its position in Marriott Vacations Worldwide by 56.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 204 shares of the company’s stock valued at $27,000 after purchasing an additional 74 shares during the period. ST Germain D J Co. Inc. purchased a new stake in Marriott Vacations Worldwide in the second quarter valued at approximately $31,000. Penserra Capital Management LLC purchased a new stake in Marriott Vacations Worldwide in the first quarter valued at approximately $40,000. Finally, Belpointe Asset Management LLC purchased a new stake in Marriott Vacations Worldwide in the fourth quarter valued at approximately $36,000. 83.27% of the stock is currently owned by institutional investors and hedge funds.

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands.