Marriott Vacations Worldwide (NYSE:VAC) Given “Market Outperform” Rating at JMP Securities

JMP Securities reiterated their market outperform rating on shares of Marriott Vacations Worldwide (NYSE:VAC) in a research report report published on Thursday, Benzinga reports. The brokerage currently has a $115.00 price objective on the stock.

A number of other analysts have also issued reports on VAC. Mizuho reduced their target price on Marriott Vacations Worldwide from $128.00 to $126.00 and set a buy rating for the company in a report on Friday, June 14th. Deutsche Bank Aktiengesellschaft increased their price objective on Marriott Vacations Worldwide from $116.00 to $121.00 and gave the stock a buy rating in a research note on Thursday, May 9th. Barclays lifted their target price on Marriott Vacations Worldwide from $102.00 to $106.00 and gave the company an equal weight rating in a research note on Wednesday, May 8th. StockNews.com raised shares of Marriott Vacations Worldwide from a sell rating to a hold rating in a research report on Thursday, July 11th. Finally, Truist Financial boosted their price objective on shares of Marriott Vacations Worldwide from $159.00 to $161.00 and gave the company a buy rating in a research report on Tuesday, May 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $112.00.

Marriott Vacations Worldwide Trading Up 0.0 %

NYSE:VAC opened at $88.34 on Thursday. The stock has a fifty day simple moving average of $88.91 and a 200 day simple moving average of $91.86. The company has a quick ratio of 2.62, a current ratio of 3.12 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 0.65 and a beta of 1.81. Marriott Vacations Worldwide has a 1-year low of $72.78 and a 1-year high of $133.92.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results 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 company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the company posted $2.54 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Sell-side analysts forecast that Marriott Vacations Worldwide will post 7.65 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Wednesday, May 22nd. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.19%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VAC. Shayne & Jacobs LLC lifted its stake in shares of Marriott Vacations Worldwide by 4.2% in the 2nd quarter. Shayne & Jacobs LLC now owns 19,943 shares of the company’s stock valued at $1,741,000 after purchasing an additional 810 shares during the last quarter. Coronation Fund Managers Ltd. raised its holdings in Marriott Vacations Worldwide by 162.3% during the second quarter. Coronation Fund Managers Ltd. now owns 37,117 shares of the company’s stock valued at $3,241,000 after buying an additional 22,968 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Marriott Vacations Worldwide by 11.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,963 shares of the company’s stock worth $521,000 after buying an additional 598 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Marriott Vacations Worldwide by 226.9% during the 2nd quarter. SG Americas Securities LLC now owns 5,649 shares of the company’s stock worth $493,000 after acquiring an additional 3,921 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Marriott Vacations Worldwide by 331.7% during the 2nd quarter. CWM LLC now owns 2,724 shares of the company’s stock valued at $238,000 after acquiring an additional 2,093 shares during the last quarter. Institutional investors and hedge funds 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.