JMP Securities Reaffirms “Market Outperform” Rating for Marriott Vacations Worldwide (NYSE:VAC)

JMP Securities reaffirmed their market outperform rating on shares of Marriott Vacations Worldwide (NYSE:VAC) in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has a $115.00 price objective on the stock.

A number of other equities research analysts have also recently weighed in on the company. StockNews.com upgraded Marriott Vacations Worldwide from a sell rating to a hold rating in a report on Thursday, July 11th. Stifel Nicolaus raised their price target on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a buy rating in a research report on Tuesday, May 7th. Mizuho decreased their price objective on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a buy rating on the stock in a research report on Friday, June 14th. Barclays increased their price objective on shares of Marriott Vacations Worldwide from $102.00 to $106.00 and gave the company an equal weight rating in a research note on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Marriott Vacations Worldwide from $116.00 to $121.00 and gave the stock a buy rating in a research report on Thursday, May 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $112.00.

Marriott Vacations Worldwide Trading Up 0.0 %

Shares of VAC stock opened at $88.34 on Thursday. The business’s fifty day moving average price is $88.91 and its 200 day moving average price is $91.86. The firm has a market capitalization of $3.11 billion, a PE ratio of 16.33, a P/E/G ratio of 0.65 and a beta of 1.81. The company has a debt-to-equity ratio of 2.22, a current ratio of 3.12 and a quick ratio of 2.62. Marriott Vacations Worldwide has a 1-year low of $72.78 and a 1-year high of $133.92.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Monday, May 6th. The company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.14. Marriott Vacations Worldwide had a net margin of 4.50% and a return on equity of 11.77%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company posted $2.54 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, sell-side analysts forecast that Marriott Vacations Worldwide will post 7.65 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were issued a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $3.04 annualized dividend and a yield of 3.44%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.19%.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB raised its position in shares of Marriott Vacations Worldwide by 81.6% in the 4th quarter. Nordea Investment Management AB now owns 32,586 shares of the company’s stock worth $2,775,000 after buying an additional 14,646 shares during the period. SG Americas Securities LLC purchased a new stake in Marriott Vacations Worldwide during the fourth quarter worth approximately $212,000. Pacer Advisors Inc. increased its position in shares of Marriott Vacations Worldwide by 75.7% in the fourth quarter. Pacer Advisors Inc. now owns 4,954 shares of the company’s stock worth $421,000 after acquiring an additional 2,135 shares in the last quarter. Altfest L J & Co. Inc. purchased a new position in shares of Marriott Vacations Worldwide in the 4th quarter valued at $391,000. Finally, Manning & Napier Group LLC lifted its holdings in shares of Marriott Vacations Worldwide by 70.4% during the 4th quarter. Manning & Napier Group LLC now owns 44,167 shares of the company’s stock valued at $3,749,000 after acquiring an additional 18,255 shares in the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

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.