Analysts Set Marriott Vacations Worldwide Co. (NYSE:VAC) Target Price at $112.22

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $112.22.

A number of research firms have commented on VAC. Deutsche Bank Aktiengesellschaft raised their target price on Marriott Vacations Worldwide from $116.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 9th. 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. JMP Securities lifted their price target on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a “market outperform” rating in a research note on Monday, February 26th. Stifel Nicolaus lifted their price target on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, Barclays lifted their price target 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.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC opened at $85.28 on Monday. The firm’s fifty day moving average price is $95.09 and its 200 day moving average price is $91.70. Marriott Vacations Worldwide has a 1-year low of $72.78 and a 1-year high of $133.99. The company has a debt-to-equity ratio of 2.22, a current ratio of 3.12 and a quick ratio of 2.62. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 0.64 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Monday, May 6th. The company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.14. Marriott Vacations Worldwide had a return on equity of 11.77% and a net margin of 4.50%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company earned $2.54 earnings per share. Marriott Vacations Worldwide’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts expect that Marriott Vacations Worldwide will post 7.65 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Wednesday, May 22nd. Marriott Vacations Worldwide’s payout ratio is 56.19%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VAC. Charles Schwab Investment Management Inc. grew its holdings in Marriott Vacations Worldwide by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 453,849 shares of the company’s stock valued at $38,527,000 after buying an additional 33,373 shares during the period. Pallas Capital Advisors LLC purchased a new stake in Marriott Vacations Worldwide in the 4th quarter valued at about $3,920,000. Nordea Investment Management AB grew its holdings in Marriott Vacations Worldwide by 81.6% in the 4th quarter. Nordea Investment Management AB now owns 32,586 shares of the company’s stock valued at $2,775,000 after buying an additional 14,646 shares during the period. Aigen Investment Management LP grew its holdings in Marriott Vacations Worldwide by 53.7% in the 4th quarter. Aigen Investment Management LP now owns 28,672 shares of the company’s stock valued at $2,434,000 after buying an additional 10,016 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Marriott Vacations Worldwide by 234,864.3% in the 4th quarter. International Assets Investment Management LLC now owns 65,790 shares of the company’s stock valued at $5,585,000 after buying an additional 65,762 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.