Marriott Vacations Worldwide Co. (NYSE:VAC) Given Average Recommendation of “Hold” by Analysts

Marriott Vacations Worldwide Co. (NYSE:VAC) has earned an average rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $112.22.

A number of research firms have issued reports on VAC. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Marriott Vacations Worldwide from $116.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Stifel Nicolaus increased their price target on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. JPMorgan Chase & Co. raised their price objective on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Truist Financial upped their target price on Marriott Vacations Worldwide from $159.00 to $161.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Finally, JMP Securities boosted their price target on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a research note on Monday, February 26th.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC opened at $85.14 on Monday. The firm has a market cap of $2.99 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 0.63 and a beta of 1.81. The business’s 50 day moving average is $95.77 and its 200-day moving average is $91.42. The company has a current ratio of 3.12, a quick ratio of 2.62 and a debt-to-equity ratio of 2.22. Marriott Vacations Worldwide has a 1-year low of $72.78 and a 1-year high of $133.99.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Monday, May 6th. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.14. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Marriott Vacations Worldwide had a return on equity of 11.77% and a net margin of 4.50%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.54 EPS. Equities research analysts predict that Marriott Vacations Worldwide will post 7.65 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend was Wednesday, May 22nd. Marriott Vacations Worldwide’s payout ratio is 56.19%.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Hedge funds have recently modified their holdings of the company. Impactive Capital LP bought a new stake in Marriott Vacations Worldwide during the 1st quarter worth approximately $123,613,000. Burgundy Asset Management Ltd. lifted its holdings in shares of Marriott Vacations Worldwide by 55.0% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,064,068 shares of the company’s stock worth $90,329,000 after purchasing an additional 377,766 shares during the period. Norges Bank bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter worth $31,220,000. Capital World Investors acquired a new stake in Marriott Vacations Worldwide in the fourth quarter valued at $210,000. Finally, GRS Advisors LLC raised its position in Marriott Vacations Worldwide by 2,050.8% during the 4th quarter. GRS Advisors LLC now owns 242,288 shares of the company’s stock worth $20,568,000 after purchasing an additional 231,023 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.