Marriott Vacations Worldwide Co. (NYSE:VAC) Receives $112.22 Average Target Price from Brokerages

Marriott Vacations Worldwide Co. (NYSE:VAC) has been given an average rating of “Hold” by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $112.22.

VAC has been the topic of a number of recent analyst reports. JMP Securities upped their price target on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a research note on Monday, February 26th. Truist Financial increased their price target on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. lifted their price target on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Barclays boosted their price objective on 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. Finally, Stifel Nicolaus increased their price objective on shares of Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a “buy” rating in a report on Tuesday, May 7th.

Marriott Vacations Worldwide Trading Up 3.3 %

Shares of VAC opened at $93.24 on Thursday. The stock has a market capitalization of $3.28 billion, a PE ratio of 17.23, a P/E/G ratio of 0.66 and a beta of 1.85. Marriott Vacations Worldwide has a fifty-two week low of $72.78 and a fifty-two week high of $134.09. The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.62 and a current ratio of 3.12. The company’s fifty day moving average is $99.62 and its 200 day moving average is $90.28.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Monday, May 6th. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.14. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. Marriott Vacations Worldwide had a net margin of 4.50% and a return on equity of 11.77%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $2.54 earnings per share. Sell-side analysts expect that Marriott Vacations Worldwide will post 7.72 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.26%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.19%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VAC. Allspring Global Investments Holdings LLC grew its position in Marriott Vacations Worldwide by 1,075.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,763 shares of the company’s stock valued at $278,000 after acquiring an additional 2,528 shares during the period. Coldstream Capital Management Inc. increased its position in Marriott Vacations Worldwide by 12.0% in the third quarter. Coldstream Capital Management Inc. now owns 2,563 shares of the company’s stock worth $258,000 after buying an additional 274 shares during the period. Signaturefd LLC raised its stake in shares of Marriott Vacations Worldwide by 342.3% during the third quarter. Signaturefd LLC now owns 1,150 shares of the company’s stock valued at $116,000 after purchasing an additional 890 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Marriott Vacations Worldwide by 194.1% in the third quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company’s stock worth $25,000 after purchasing an additional 165 shares during the period. Finally, LSV Asset Management grew its position in Marriott Vacations Worldwide by 0.3% in the 3rd quarter. LSV Asset Management now owns 508,112 shares of the company’s stock valued at $51,131,000 after buying an additional 1,535 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.