Truist Financial Forecasts Strong Price Appreciation for Marriott Vacations Worldwide (NYSE:VAC) Stock

Marriott Vacations Worldwide (NYSE:VAC) had its price objective increased by equities research analysts at Truist Financial from $139.00 to $142.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 46.63% from the company’s current price.

A number of other analysts have also commented on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. JMP Securities lowered their price objective on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research report on Friday, August 2nd. Mizuho lifted their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group began coverage on Marriott Vacations Worldwide in a report on Wednesday, September 18th. They set a “sell” rating and a $62.00 target price on the stock. Finally, Barclays raised their target price on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Marriott Vacations Worldwide currently has an average rating of “Hold” and a consensus price target of $101.56.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock opened at $96.84 on Tuesday. The stock has a 50-day moving average price of $81.12 and a 200 day moving average price of $82.01. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 0.89 and a beta of 1.79. Marriott Vacations Worldwide has a 12 month low of $67.28 and a 12 month high of $108.57.

Insider Activity

In other Marriott Vacations Worldwide news, insider Jason P. Marino acquired 700 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the acquisition, the insider now directly owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. This trade represents a 4.62 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several institutional investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. raised its position in Marriott Vacations Worldwide by 335.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,457 shares of the company’s stock valued at $2,223,000 after buying an additional 19,613 shares during the last quarter. New South Capital Management Inc. raised its position in Marriott Vacations Worldwide by 6.6% in the 3rd quarter. New South Capital Management Inc. now owns 364,394 shares of the company’s stock valued at $26,776,000 after buying an additional 22,672 shares during the last quarter. AQR Capital Management LLC raised its position in Marriott Vacations Worldwide by 178.2% in the 2nd quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock valued at $29,771,000 after buying an additional 227,465 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Marriott Vacations Worldwide by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock valued at $139,687,000 after buying an additional 207,938 shares during the last quarter. Finally, Comerica Bank raised its position in Marriott Vacations Worldwide by 50.1% in the 1st quarter. Comerica Bank now owns 43,401 shares of the company’s stock valued at $4,676,000 after buying an additional 14,482 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

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.