Marriott Vacations Worldwide (NYSE:VAC) Given New $96.50 Price Target at Stifel Nicolaus

Marriott Vacations Worldwide (NYSE:VAC) had its price target reduced by Stifel Nicolaus from $108.00 to $96.50 in a research note issued to investors on Friday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. JMP Securities dropped their price target on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a market outperform rating on the stock in a research note on Friday, August 2nd. Mizuho dropped their price objective on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a buy rating for the company in a research note on Friday, June 14th. StockNews.com downgraded Marriott Vacations Worldwide from a hold rating to a sell rating in a research report on Friday, July 19th. Truist Financial decreased their target price on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a buy rating on the stock in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Marriott Vacations Worldwide from $121.00 to $95.00 and set a buy rating on the stock in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $101.39.

Marriott Vacations Worldwide Price Performance

Shares of VAC opened at $73.29 on Friday. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.28 and a quick ratio of 2.72. The company’s fifty day moving average price is $77.32 and its 200-day moving average price is $88.77. Marriott Vacations Worldwide has a 1-year low of $67.28 and a 1-year high of $108.57. The firm has a market capitalization of $2.57 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 0.64 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.89). The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.21 billion. Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the firm earned $2.19 EPS. On average, equities research analysts predict that Marriott Vacations Worldwide will post 6.12 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 4.15%. The ex-dividend date is Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.19%.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, insider Jason P. Marino acquired 700 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the acquisition, the insider now owns 15,851 shares in the company, valued at approximately $1,093,719. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of VAC. Vanguard Group Inc. lifted its stake in Marriott Vacations Worldwide by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock valued at $351,872,000 after buying an additional 143,074 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Marriott Vacations Worldwide by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock valued at $139,687,000 after purchasing an additional 207,938 shares during the period. Impactive Capital LP purchased a new stake in shares of Marriott Vacations Worldwide in the first quarter valued at about $123,613,000. Burgundy Asset Management Ltd. boosted its stake in shares of Marriott Vacations Worldwide by 3.0% during the first quarter. Burgundy Asset Management Ltd. now owns 1,096,286 shares of the company’s stock worth $118,103,000 after buying an additional 32,218 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of 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 buying an additional 129,131 shares during the last quarter. 89.52% of the stock is currently 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.