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 $178.34 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 0.48 million Marriott Vacations Worldwide Corp (VAC) shares trading Friday and a closing price of $83.99 on the day, the dollar volume was approximately $40.44 million. The shares have shown a negative half year performance of -34.67% and its price on 01/12/24 lost nearly -2.62%. 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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The analysts have set the share’s price value over the next 12 months at a high of $149.00 and a low of $73.00. The average price target is 17.89% above its recent price level and a downside to the estimated low will see the stock lose -15.05% over that period. But an upside of 43.63% 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 105 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 57 of these insider trades were purchases, accounting for 57,067 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 1.2 million shares of the company’s stock, all valued at over $101.87 million. The company sold 50000.0 shares recently to bring their total holdings to about 3.38% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 910.0 shares to see its total holdings expand to 1.0 million shares valued at over $85.2 million and representing 2.83% 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 $83.69 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 $86.95, up $0.7 from a prior closing price of $86.25. However, the script later moved the day high at 87.26, down -2.62%. The company’s stock has a 5-day price change of -2.50% and -11.84% over the past three months. VAC shares are trading -1.06% year to date (YTD), with the 12-month market performance down to -43.89% 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 713.46K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.20%, 2.25%, and -22.95% respectively.
Institutional ownership of Marriott Vacations Worldwide Corp (NYSE: VAC) shares accounts for 84.43% of the company’s 37.48M shares outstanding. Mutual fund holders own 38.98%, while other institutional holders and individual stakeholders account for 45.62% and 16.12% respectively.
It has a market capitalization of $2.98B and a beta (3y monthly) value of 1.85. The stock’s trailing 12-month PE ratio is 11.43, 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 2.91% over the week and 3.40% over the month.
Analysts forecast that Marriott Vacations Worldwide Corp (VAC) will achieve an EPS of $1.75 for the current quarter, $1.88 for the next quarter and $7.92 for 2024. The lowest estimate earnings-per-share for the quarter is $1.25 while analysts give the company a high EPS estimate of $1.97. Comparatively, EPS for the current quarter was $2.74 a year ago. Earnings per share for the fiscal year are expected to decrease by -27.00%, and 5.78% 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.
