Marriott Vacations Worldwide Co. (NYSE:VAC) Receives $96.65 Consensus PT from Analysts

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) have been given a consensus recommendation of “Hold” by the ten analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $96.65.

A number of equities analysts have recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. Truist Financial cut their target price on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. StockNews.com downgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. The Goldman Sachs Group assumed coverage on Marriott Vacations Worldwide in a report on Wednesday, September 18th. They set a “sell” rating and a $62.00 target price for the company. Finally, JMP Securities decreased 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 note on Friday, August 2nd.

Marriott Vacations Worldwide Stock Down 0.5 %

Shares of VAC opened at $76.95 on Friday. The business’s 50 day simple moving average is $73.59 and its 200-day simple moving average is $84.30. Marriott Vacations Worldwide has a 1 year low of $67.28 and a 1 year high of $108.57. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.28 and a quick ratio of 2.72. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 0.67 and a beta of 1.80.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.89). The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.19 earnings per share. As a group, equities analysts expect that Marriott Vacations Worldwide will post 6.11 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.95%. Marriott Vacations Worldwide’s payout ratio is currently 56.19%.

Insider Transactions at Marriott Vacations Worldwide

In related news, insider Jason P. Marino acquired 700 shares of the stock in a transaction on 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 transaction, the insider now owns 15,851 shares in the company, valued at approximately $1,093,719. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its position in shares of Marriott Vacations Worldwide by 615.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock valued at $31,000 after buying an additional 246 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in Marriott Vacations Worldwide during the 1st quarter worth approximately $41,000. Quarry LP lifted its holdings in Marriott Vacations Worldwide by 368.4% in the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after purchasing an additional 350 shares in the last quarter. Innealta Capital LLC acquired a new position in Marriott Vacations Worldwide during the second quarter worth about $90,000. Finally, EMC Capital Management acquired a new position in shares of Marriott Vacations Worldwide during the 1st quarter worth approximately $144,000. 89.52% 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 businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.