Analysts Set Marriott Vacations Worldwide Co. (NYSE:VAC) PT at $102.75

Marriott Vacations Worldwide Co. (NYSE:VAC) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $102.75.

Several equities analysts recently commented on VAC shares. Barclays reduced their target price on Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Truist Financial cut 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. The Goldman Sachs Group raised their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Mizuho boosted their price target on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Finally, Stifel Nicolaus lowered their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th.

Marriott Vacations Worldwide Trading Down 0.3 %

Shares of VAC opened at $66.99 on Wednesday. Marriott Vacations Worldwide has a twelve month low of $63.46 and a twelve month high of $108.57. The stock has a market cap of $2.34 billion, a PE ratio of 12.76, a P/E/G ratio of 0.67 and a beta of 1.83. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. The business’s 50-day moving average price is $79.89 and its 200-day moving average price is $82.78.

Marriott Vacations Worldwide (NYSE:VAC) last posted its earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.35. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.24 billion. On average, equities analysts forecast that Marriott Vacations Worldwide will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date of this dividend was Wednesday, March 5th. Marriott Vacations Worldwide’s payout ratio is presently 56.23%.

Insider Buying and Selling at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera bought 650 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $71.66 per share, with a total value of $46,579.00. Following the purchase, the insider now owns 8,770 shares in the company, valued at approximately $628,458.20. The trade was a 8.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC purchased a new stake in shares of Marriott Vacations Worldwide during the third quarter valued at approximately $32,000. Blue Trust Inc. boosted its position in Marriott Vacations Worldwide by 130.7% during the 4th quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after buying an additional 302 shares during the period. Brown Lisle Cummings Inc. bought a new stake in Marriott Vacations Worldwide in the 4th quarter worth $50,000. Quarry LP increased its position in shares of Marriott Vacations Worldwide by 81.6% in the third quarter. Quarry LP now owns 808 shares of the company’s stock valued at $59,000 after acquiring an additional 363 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth about $89,000. 89.52% of the stock is currently owned by institutional investors.

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.