Marriott Vacations Worldwide Co. (NYSE:VAC) Given Average Rating of “Moderate Buy” by Analysts

Marriott Vacations Worldwide Co. (NYSE:VAC) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $92.25.

VAC has been the topic of a number of research reports. Morgan Stanley raised shares of Marriott Vacations Worldwide from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $67.00 to $57.00 in a research note on Tuesday, April 22nd. Stifel Nicolaus cut their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Barclays cut their target price on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an “overweight” rating on the stock in a research note on Monday. The Goldman Sachs Group lifted their target price on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a “sell” rating in a research note on Friday, May 9th. Finally, Truist Financial decreased their price objective on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a report on Friday, March 7th.

Marriott Vacations Worldwide Trading Down 0.2%

VAC opened at $72.14 on Thursday. The business has a 50 day simple moving average of $60.55 and a two-hundred day simple moving average of $78.37. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 0.67 and a beta of 1.42. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. Marriott Vacations Worldwide has a one year low of $49.22 and a one year high of $101.33.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.10. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. Marriott Vacations Worldwide’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.80 EPS. Analysts predict that Marriott Vacations Worldwide will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be given a $0.79 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.38%. Marriott Vacations Worldwide’s dividend payout ratio is currently 53.92%.

Insider Transactions at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera purchased 650 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $71.66 per share, with a total value of $46,579.00. Following the transaction, the insider now directly owns 8,770 shares in the company, valued at $628,458.20. This trade represents a 8.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Institutional Trading of Marriott Vacations Worldwide

A number of hedge funds have recently made changes to their positions in VAC. Wilmington Savings Fund Society FSB bought a new stake in Marriott Vacations Worldwide during the 3rd quarter valued at about $97,000. Tidal Investments LLC increased its stake in Marriott Vacations Worldwide by 6.1% during the 3rd quarter. Tidal Investments LLC now owns 8,098 shares of the company’s stock valued at $595,000 after purchasing an additional 464 shares in the last quarter. Nordea Investment Management AB increased its stake in Marriott Vacations Worldwide by 6.5% during the 4th quarter. Nordea Investment Management AB now owns 28,141 shares of the company’s stock valued at $2,549,000 after purchasing an additional 1,715 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Marriott Vacations Worldwide by 1.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 66,847 shares of the company’s stock valued at $6,003,000 after purchasing an additional 662 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in Marriott Vacations Worldwide by 10.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 58,133 shares of the company’s stock valued at $5,220,000 after purchasing an additional 5,729 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

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.