Analysts Set Marriott Vacations Worldwide Co. (NYSE:VAC) Price Target at $108.00

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) have been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $108.00.

Several equities analysts have issued reports on VAC shares. Barclays raised Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $97.00 to $116.00 in a research note on Friday, December 13th. The Goldman Sachs Group increased their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Stifel Nicolaus lifted their price target on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Truist Financial increased their price objective on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Mizuho boosted their target price on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th.

Marriott Vacations Worldwide Stock Performance

VAC stock opened at $86.87 on Friday. The firm has a market cap of $3.03 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 0.86 and a beta of 1.84. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The stock has a 50-day moving average price of $91.14 and a 200-day moving average price of $82.32. Marriott Vacations Worldwide has a 1-year low of $67.28 and a 1-year high of $108.57.

Marriott Vacations Worldwide Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Thursday, December 19th were issued a dividend of $0.79 per share. This is a positive change from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. This represents a $3.16 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Thursday, December 19th. Marriott Vacations Worldwide’s payout ratio is currently 60.19%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its position in Marriott Vacations Worldwide by 128.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 652 shares of the company’s stock worth $57,000 after purchasing an additional 366 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Marriott Vacations Worldwide by 5.4% in the second 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 in the last quarter. Natixis Advisors LLC purchased a new stake in shares of Marriott Vacations Worldwide during the second quarter valued at approximately $993,000. Victory Capital Management Inc. lifted its holdings in Marriott Vacations Worldwide by 20.3% during the second quarter. Victory Capital Management Inc. now owns 763,835 shares of the company’s stock worth $66,698,000 after acquiring an additional 129,131 shares during the period. Finally, Savant Capital LLC boosted its position in Marriott Vacations Worldwide by 0.5% in the second quarter. Savant Capital LLC now owns 147,133 shares of the company’s stock worth $12,848,000 after purchasing an additional 784 shares during the last quarter. Hedge funds and other institutional investors 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.