Stifel Nicolaus Lowers Marriott Vacations Worldwide (NYSE:VAC) Price Target to $96.50

Marriott Vacations Worldwide (NYSE:VAC) had its target price lowered by Stifel Nicolaus from $108.00 to $96.50 in a report released on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. JMP Securities lowered their price objective on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a market outperform rating on the stock in a research note on Friday, August 2nd. Truist Financial lowered their price target 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. Barclays cut their price objective on Marriott Vacations Worldwide from $106.00 to $82.00 and set an equal weight rating for the company in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on Marriott Vacations Worldwide from $121.00 to $95.00 and set a buy rating on the stock in a report on Tuesday, August 6th. Finally, StockNews.com cut Marriott Vacations Worldwide from a hold rating to a sell rating in a report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $101.39.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC opened at $73.29 on Friday. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21. Marriott Vacations Worldwide has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. The firm’s fifty day simple moving average is $77.32 and its 200-day simple moving average is $88.77. The stock has a market cap of $2.57 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 0.64 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.19 EPS. Analysts expect that Marriott Vacations Worldwide will post 6.12 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be given a $0.76 dividend. The ex-dividend date is Thursday, September 19th. This represents a $3.04 annualized dividend and a dividend yield of 4.15%. Marriott Vacations Worldwide’s dividend payout ratio is presently 56.19%.

Insider Activity at Marriott Vacations Worldwide

In other news, insider Jason P. Marino acquired 700 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the acquisition, the insider now directly owns 15,851 shares in the company, valued at approximately $1,093,719. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.70% of the stock is owned by insiders.

Institutional Trading of Marriott Vacations Worldwide

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Retirement Systems of Alabama boosted its stake in shares of Marriott Vacations Worldwide by 0.3% during 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 valued at $413,000 after acquiring an additional 112 shares during the last quarter. Covestor Ltd grew its holdings 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 acquiring an additional 159 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Marriott Vacations Worldwide by 20.9% in 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 last quarter. Finally, Yousif Capital Management LLC raised its stake in shares of Marriott Vacations Worldwide by 1.2% in the 1st quarter. Yousif Capital Management LLC now owns 15,663 shares of the company’s stock valued at $1,687,000 after purchasing an additional 180 shares in 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.