Shares of Marriott Vacations Worldwide Corporation (NYSE:VAC – Get Free Report) fell 5.6% during trading on Tuesday . The stock traded as low as $97.60 and last traded at $97.2830. 434,719 shares changed hands during trading, a decline of 20% from the average session volume of 540,473 shares. The stock had previously closed at $103.03.
Analysts Set New Price Targets
Several brokerages have weighed in on VAC. Truist Financial increased their price target on shares of Marriott Vacations Worldwide from $97.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Susquehanna began coverage on Marriott Vacations Worldwide in a report on Tuesday, August 18th. They set a “neutral” rating and a $110.00 target price for the company. Wells Fargo & Company raised their price target on Marriott Vacations Worldwide from $68.00 to $101.00 and gave the stock an “underweight” rating in a research note on Friday, August 7th. Wall Street Zen raised shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings raised shares of Marriott Vacations Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Marriott Vacations Worldwide has an average rating of “Hold” and an average price target of $106.27.
Get Our Latest Analysis on Marriott Vacations Worldwide
Marriott Vacations Worldwide Stock Performance
Marriott Vacations Worldwide (NYSE:VAC – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.34. Marriott Vacations Worldwide had a negative net margin of 6.47% and a positive return on equity of 12.27%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the company earned $1.96 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. On average, research analysts anticipate that Marriott Vacations Worldwide Corporation will post 8.7 earnings per share for the current year.
Marriott Vacations Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.80 per share. The ex-dividend date is Wednesday, September 16th. This represents a $3.20 dividend on an annualized basis and a yield of 3.2%. Marriott Vacations Worldwide’s payout ratio is presently -32.85%.
Insider Buying and Selling at Marriott Vacations Worldwide
In related news, insider Kathleen A. Pighini sold 2,500 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $120.00, for a total value of $300,000.00. Following the transaction, the insider owned 10,821 shares in the company, valued at $1,298,520. The trade was a 18.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christian Asmar sold 750,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $111.49, for a total transaction of $83,617,500.00. Following the sale, the director directly owned 3,380,818 shares in the company, valued at $376,927,398.82. This trade represents a 18.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 13.30% of the company’s stock.
Institutional Investors Weigh In On Marriott Vacations Worldwide
A number of institutional investors have recently made changes to their positions in the company. Ananym Capital Management LP boosted its stake in Marriott Vacations Worldwide by 0.4% during the 4th quarter. Ananym Capital Management LP now owns 736,947 shares of the company’s stock valued at $42,514,000 after purchasing an additional 3,200 shares during the last quarter. Deprince Race & Zollo Inc. raised its position in Marriott Vacations Worldwide by 5.4% in the 1st quarter. Deprince Race & Zollo Inc. now owns 524,247 shares of the company’s stock worth $34,139,000 after buying an additional 26,824 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Marriott Vacations Worldwide by 12.3% during the 1st quarter. Quantinno Capital Management LP now owns 474,037 shares of the company’s stock valued at $30,869,000 after acquiring an additional 52,007 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Marriott Vacations Worldwide in the second quarter worth approximately $17,975,000. Finally, Penn Capital Management Company LLC purchased a new position in shares of Marriott Vacations Worldwide during the second quarter valued at approximately $16,611,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.
About Marriott Vacations Worldwide
Marriott Vacations Worldwide Corporation (NYSE: VAC) is a vacation ownership and leisure travel company. It develops, markets, sells, and manages vacation ownership interests, including timeshare and related membership products, that provide customers with access to resort accommodations and vacation experiences.
The company operates a portfolio of vacation ownership brands that includes Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, Grand Residences by Marriott, and Hyatt Vacation Club.
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