Senvest Management LLC recently announced the acquisition of new stake in Marriott Vacations Worldwide Corp (NYSE:VAC). The institutional investor has increased its shareholding in the Consumer Cyclical company by 5.89% to 2.1 million shares with purchase of 0.12 million shares. This fresh investment now brings its stake to 5.92% valued currently at $153.15 million. In addition, Dimensional Fund Advisors LP raised its holdings by 36063.0 to 1.32 million shares. And Long Pond Capital LP has lifted its position by 4.21% or 28966.0 shares – to 0.72 million shares.
With over 0.44 million Marriott Vacations Worldwide Corp (VAC) shares trading Friday and a closing price of $88.26 on the day, the dollar volume was approximately $38.47 million. The shares have shown a negative half year performance of -25.93% and its price on 12/22/23 gained nearly 0.36%. Currently, there are 37.48M common shares owned by the public and among those 32.47M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for VAC have a consensus price objective of $100.86. The analysts have set the share’s price value over the next 12 months at a high of $149.00 and a low of $65.00. The average price target is 12.49% above its recent price level and a downside to the estimated low will see the stock lose -35.78% over that period. But an upside of 40.77% will see the stock hit the forecast high price target while median target price for the stock is $93.00.
Insiders at the company have transacted a total of 114 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 66 of these insider trades were purchases, accounting for 57,239 shares. Insider sales of the common stock occurred on 48 occasions, with total insider shares sold totaling 15,330 shares.
The top 3 mutual fund holders in Marriott Vacations Worldwide Corp are Baron Growth Fund, iShares Core S&P Mid Cap ETF, and Vanguard Total Stock Market ETF. Baron Growth Fund owns 1.25 million shares of the company’s stock, all valued at over $91.12 million. iShares Core S&P Mid Cap ETF bought 186.0 shares to see its total holdings expand to 1.05 million shares valued at over $76.27 million and representing 2.95% of the shares outstanding. Vanguard Total Stock Market ETF bought 1517.0 shares to bring its total holdings to over 0.99 million shares at a value of $71.87 million. Vanguard Total Stock Market ETF now owns shares totaling to 2.78% of the shares outstanding.
Shares of Marriott Vacations Worldwide Corp (NYSE: VAC) opened at $88.20, up $0.26 from a prior closing price of $87.94. However, the script later moved the day high at 89.10, up 0.36%. The company’s stock has a 5-day price change of 0.54% and -9.56% over the past three months. VAC shares are trading -34.42% year to date (YTD), with the 12-month market performance down to -34.30% lower. It has a 12-month low price of $72.78 and touched a high of $165.85 over the same period. VAC has an average intraday trading volume of 719.12K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.09%, 5.76%, and -21.30% respectively.
Institutional ownership of Marriott Vacations Worldwide Corp (NYSE: VAC) shares accounts for 83.96% of the company’s 37.48M shares outstanding. Mutual fund holders own 40.35%, while other institutional holders and individual stakeholders account for 43.77% and 16.12% respectively.
It has a market capitalization of $3.13B and a beta (3y monthly) value of 1.90. The stock’s trailing 12-month PE ratio is 12.01, while the earnings-per-share (ttm) stands at $7.35. The company has a debt-to-equity ratio at 2.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.17% over the week and 3.92% over the month.
Analysts forecast that Marriott Vacations Worldwide Corp (VAC) will achieve an EPS of $Lithium Americas Corp. for the current quarter, $6.50 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $V.F. Corporation while analysts give the company a high EPS estimate of $CureVac N.V.. Comparatively, EPS for the current quarter was $Danaos Corporation a year ago. Earnings per share for the fiscal year are expected to decrease by -26.99%, and 5.82% over the next financial year. EPS should shrink at an annualized rate of -5.30% over the next five years, compared to 0.39% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Marriott Vacations Worldwide Corp (VAC) as a “Moderate Buy” at a consensus score of 2.29. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 3 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the VAC, a number of firms have released research notes about the stock. Barclays stated their Underweight rating for the stock in a research note on December 15, 2023, with the firm’s price target at $103-$90.
