Marriott Vacations Worldwide Co. (NYSE:VAC) Receives $109.71 Consensus Price Target from Brokerages

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) have been given a consensus recommendation of “Hold” by the seven brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $109.71.

Several brokerages recently commented on VAC. Truist Financial boosted their target price on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. JMP Securities boosted their target price on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a “market outperform” rating in a report on Monday, February 26th. Mizuho began coverage on Marriott Vacations Worldwide in a report on Tuesday, March 26th. They issued a “buy” rating and a $128.00 price target on the stock. Barclays lifted their price objective on shares of Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $96.13 on Friday. The company has a quick ratio of 2.64, a current ratio of 3.15 and a debt-to-equity ratio of 2.16. The business has a 50 day moving average of $98.39 and a two-hundred day moving average of $89.19. Marriott Vacations Worldwide has a 52 week low of $72.78 and a 52 week high of $138.21. The company has a market cap of $3.38 billion, a P/E ratio of 15.38 and a beta of 1.85.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, February 21st. The company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.80 by $0.08. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company earned $2.74 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. As a group, analysts anticipate that Marriott Vacations Worldwide will post 7.8 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio is 48.64%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Retirement Systems of Alabama increased its holdings in shares of Marriott Vacations Worldwide by 0.3% during the first quarter. Retirement Systems of Alabama now owns 41,478 shares of the company’s stock worth $4,468,000 after buying an additional 109 shares in the last quarter. Diversified Trust Co boosted its position in shares of Marriott Vacations Worldwide by 3.0% during the first quarter. Diversified Trust Co now owns 3,833 shares of the company’s stock worth $413,000 after purchasing an additional 112 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Marriott Vacations Worldwide by 194.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company’s stock valued at $25,000 after acquiring an additional 165 shares in the last quarter. Westpac Banking Corp lifted its position in Marriott Vacations Worldwide by 2.1% in the 4th quarter. Westpac Banking Corp now owns 7,919 shares of the company’s stock valued at $672,000 after acquiring an additional 165 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Marriott Vacations Worldwide by 20.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock valued at $86,000 after buying an additional 175 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.