Marriott Vacations Worldwide (NYSE:VAC) Price Target Cut to $54.00 by Analysts at The Goldman Sachs Group

Marriott Vacations Worldwide (NYSE:VAC) had its price objective reduced by investment analysts at The Goldman Sachs Group from $63.00 to $54.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 14.87% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley set a $70.00 target price on shares of Marriott Vacations Worldwide in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marriott Vacations Worldwide in a report on Thursday, October 30th. Mizuho downgraded Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $85.00 to $58.00 in a research report on Tuesday. Stifel Nicolaus set a $83.00 price objective on Marriott Vacations Worldwide in a report on Thursday. Finally, Citizens Jmp cut their target price on Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” rating for the company in a research note on Friday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Marriott Vacations Worldwide has a consensus rating of “Hold” and an average price target of $73.71.

Marriott Vacations Worldwide Stock Down 6.4%

Marriott Vacations Worldwide stock traded down $3.21 during mid-day trading on Tuesday, hitting $47.01. 446,594 shares of the company’s stock were exchanged, compared to its average volume of 536,105. Marriott Vacations Worldwide has a 1-year low of $46.30 and a 1-year high of $99.42. The stock has a 50 day moving average of $69.51 and a two-hundred day moving average of $71.09. The company has a current ratio of 3.87, a quick ratio of 3.22 and a debt-to-equity ratio of 2.29. The stock has a market cap of $1.63 billion, a P/E ratio of 10.53, a P/E/G ratio of 0.68 and a beta of 1.50.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.05. Marriott Vacations Worldwide had a net margin of 3.44% and a return on equity of 11.44%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the company earned $1.80 earnings per share. Marriott Vacations Worldwide’s revenue for the quarter was down 3.2% on a year-over-year basis. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.700-7.100 EPS. As a group, analysts anticipate that Marriott Vacations Worldwide will post 6.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several institutional investors have recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new stake in Marriott Vacations Worldwide in the second quarter valued at about $25,000. Pinnacle Bancorp Inc. acquired a new position in shares of Marriott Vacations Worldwide during the 3rd quarter worth about $25,000. Hantz Financial Services Inc. increased its stake in shares of Marriott Vacations Worldwide by 627.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 393 shares of the company’s stock valued at $28,000 after acquiring an additional 339 shares during the last quarter. Assetmark Inc. raised its position in shares of Marriott Vacations Worldwide by 90.6% in the 2nd quarter. Assetmark Inc. now owns 427 shares of the company’s stock valued at $31,000 after acquiring an additional 203 shares during the period. Finally, Allworth Financial LP raised its position in shares of Marriott Vacations Worldwide by 79.8% in the 2nd quarter. Allworth Financial LP now owns 473 shares of the company’s stock valued at $34,000 after acquiring an additional 210 shares during the period. 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.