Analysts Set Marriott Vacations Worldwide Co. (NYSE:VAC) Target Price at $98.05

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $101.72.

VAC has been the subject of several research analyst reports. Barclays lifted their price target on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a research note on Friday, November 8th. StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. JMP Securities reduced their price objective on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a research note on Friday, August 2nd. Mizuho boosted their price objective on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group began coverage on Marriott Vacations Worldwide in a report on Wednesday, September 18th. They issued a “sell” rating and a $62.00 target price on the stock.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC opened at $90.31 on Thursday. The firm has a market capitalization of $3.15 billion, a P/E ratio of 17.20, a P/E/G ratio of 0.82 and a beta of 1.79. Marriott Vacations Worldwide has a twelve month low of $67.28 and a twelve month high of $108.57. The company has a fifty day moving average of $78.48 and a 200-day moving average of $82.21. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were issued a $0.76 dividend. The ex-dividend date was Thursday, September 19th. This represents a $3.04 annualized dividend and a dividend yield of 3.37%. Marriott Vacations Worldwide’s dividend payout ratio is currently 57.90%.

Insider Activity at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Jason P. Marino purchased 700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was bought at an average cost of $69.00 per share, with a total value of $48,300.00. Following the completion of the transaction, the insider now owns 15,851 shares of the company’s stock, valued at $1,093,719. The trade was a 4.62 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Verity Asset Management Inc. boosted its holdings in shares of Marriott Vacations Worldwide by 3.1% in the 3rd quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock worth $316,000 after buying an additional 131 shares during the last quarter. Covestor Ltd boosted its stake in Marriott Vacations Worldwide by 10.5% in the first quarter. Covestor Ltd now owns 1,670 shares of the company’s stock valued at $180,000 after acquiring an additional 159 shares during the last quarter. Stifel Financial Corp grew its position in shares of Marriott Vacations Worldwide by 3.4% during the 3rd quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock valued at $411,000 after acquiring an additional 184 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Marriott Vacations Worldwide by 5.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock valued at $371,000 after acquiring an additional 216 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Marriott Vacations Worldwide by 615.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock worth $31,000 after purchasing an additional 246 shares during the last quarter. Institutional investors 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.