Marriott Vacations Worldwide Co. (NYSE:VAC) Receives Average Rating of “Hold” from Analysts

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) have received a consensus recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. Two investment 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. The average 1-year price target among brokers that have covered the stock in the last year is $96.65.

A number of research analysts have recently commented on VAC shares. StockNews.com lowered Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Friday, July 19th. Truist Financial lowered their target price on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a report on Friday, July 19th. Barclays decreased their price target on Marriott Vacations Worldwide from $82.00 to $74.00 and set an “equal weight” rating for the company in a research report on Thursday, September 26th. JMP Securities decreased their price target on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group initiated coverage on Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price target for the company.

Marriott Vacations Worldwide Price Performance

Shares of VAC opened at $76.69 on Friday. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 0.67 and a beta of 1.80. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28. Marriott Vacations Worldwide has a one year low of $67.28 and a one year high of $108.57. The stock’s fifty day moving average is $73.92 and its 200-day moving average is $84.03.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.21 billion. Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. Marriott Vacations Worldwide’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period last year, the business posted $2.19 earnings per share. Equities analysts anticipate that Marriott Vacations Worldwide will post 6.11 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were given a dividend of $0.76 per share. The ex-dividend date was Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a yield of 3.96%. Marriott Vacations Worldwide’s payout ratio is presently 56.19%.

Insiders Place Their Bets

In other Marriott Vacations Worldwide news, insider Jason P. Marino acquired 700 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was purchased at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the transaction, the insider now owns 15,851 shares of the company’s stock, valued at $1,093,719. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several institutional investors have recently made changes to their positions in VAC. Impactive Capital LP acquired a new stake in shares of Marriott Vacations Worldwide during the 1st quarter valued at about $123,613,000. AQR Capital Management LLC lifted its holdings in shares of Marriott Vacations Worldwide by 178.2% during the 2nd quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock valued at $29,771,000 after buying an additional 227,465 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Marriott Vacations Worldwide by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock valued at $139,687,000 after buying an additional 207,938 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Marriott Vacations Worldwide during the 3rd quarter valued at about $14,983,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock valued at $351,872,000 after buying an additional 143,074 shares during the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

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.