Marriott Vacations Worldwide Co. (NYSE:VAC) Receives Average Rating of “Hold” from Brokerages

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) have been assigned an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $112.22.

Several brokerages recently weighed in on VAC. Barclays upped their target price on shares of Marriott Vacations Worldwide from $102.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 8th. Mizuho cut their target price on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, June 14th. Truist Financial upped their target price on shares of Marriott Vacations Worldwide from $159.00 to $161.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Marriott Vacations Worldwide from $116.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, JMP Securities increased their price objective on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a research report on Monday, February 26th.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock opened at $85.15 on Monday. The firm’s 50 day moving average price is $94.23 and its 200-day moving average price is $91.92. The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.62 and a current ratio of 3.12. Marriott Vacations Worldwide has a one year low of $72.78 and a one year high of $133.99. The firm has a market cap of $2.99 billion, a P/E ratio of 15.74, a P/E/G ratio of 0.63 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Monday, May 6th. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.66 by $0.14. Marriott Vacations Worldwide had a net margin of 4.50% and a return on equity of 11.77%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the business posted $2.54 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities research analysts predict that Marriott Vacations Worldwide will post 7.65 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date was Wednesday, May 22nd. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 56.19%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Retirement Systems of Alabama grew its position in shares of Marriott Vacations Worldwide by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 41,478 shares of the company’s stock valued at $4,468,000 after buying an additional 109 shares during the last quarter. Diversified Trust Co boosted its stake in Marriott Vacations Worldwide by 3.0% during the 1st quarter. Diversified Trust Co now owns 3,833 shares of the company’s stock worth $413,000 after purchasing an additional 112 shares during the period. Covestor Ltd boosted its stake in Marriott Vacations Worldwide by 10.5% during the 1st quarter. Covestor Ltd now owns 1,670 shares of the company’s stock worth $180,000 after purchasing an additional 159 shares during the period. Westpac Banking Corp boosted its stake in Marriott Vacations Worldwide by 2.1% during the 4th quarter. Westpac Banking Corp now owns 7,919 shares of the company’s stock worth $672,000 after purchasing an additional 165 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in Marriott Vacations Worldwide by 20.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock worth $86,000 after purchasing an additional 175 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Company Profile

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.