Marriott Vacations Worldwide (NYSE:VAC) Reaches New 12-Month High – Here’s What Happened

Marriott Vacations Worldwide Corporation (NYSE:VAC) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $94.62 and last traded at $95.6530, with a volume of 482355 shares changing hands. The stock had previously closed at $93.38.

Analysts Set New Price Targets

Several analysts have issued reports on VAC shares. Weiss Ratings lowered Marriott Vacations Worldwide from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, March 17th. Stifel Nicolaus upped their target price on Marriott Vacations Worldwide from $77.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Morgan Stanley boosted their price objective on Marriott Vacations Worldwide from $50.00 to $51.00 and gave the company an “underweight” rating in a research report on Tuesday, May 12th. Wells Fargo & Company boosted their price objective on Marriott Vacations Worldwide from $58.00 to $66.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. Finally, The Goldman Sachs Group raised Marriott Vacations Worldwide from a “sell” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Monday, June 1st. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $83.70.

Marriott Vacations Worldwide Price Performance

The company has a quick ratio of 2.77, a current ratio of 3.30 and a debt-to-equity ratio of 2.80. The firm has a fifty day moving average price of $76.35 and a two-hundred day moving average price of $65.94. The stock has a market capitalization of $3.28 billion, a P/E ratio of -9.48, a P/E/G ratio of 2.13 and a beta of 1.25.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.43). Marriott Vacations Worldwide had a negative net margin of 6.72% and a positive return on equity of 11.37%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the business earned $1.66 earnings per share. Marriott Vacations Worldwide’s revenue was up 4.8% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2026 guidance at 7.050-7.800 EPS. On average, analysts expect that Marriott Vacations Worldwide Corporation will post 7.26 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $3.20 annualized dividend and a dividend yield of 3.3%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is -31.71%.

Institutional Investors Weigh In On Marriott Vacations Worldwide

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its position in Marriott Vacations Worldwide by 18.2% in the first quarter. Goldman Sachs Group Inc. now owns 140,662 shares of the company’s stock worth $9,036,000 after purchasing an additional 21,623 shares during the last quarter. Empowered Funds LLC boosted its position in Marriott Vacations Worldwide by 147.9% in the first quarter. Empowered Funds LLC now owns 8,487 shares of the company’s stock worth $545,000 after purchasing an additional 5,064 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Marriott Vacations Worldwide by 4.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 100,636 shares of the company’s stock worth $6,465,000 after purchasing an additional 4,497 shares during the last quarter. Invesco Ltd. boosted its position in Marriott Vacations Worldwide by 102.9% in the second quarter. Invesco Ltd. now owns 212,199 shares of the company’s stock worth $15,344,000 after purchasing an additional 107,598 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Marriott Vacations Worldwide by 22.7% during the 2nd quarter. First Trust Advisors LP now owns 121,820 shares of the company’s stock valued at $8,809,000 after buying an additional 22,506 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.