Marriott Vacations Worldwide (NYSE:VAC) Price Target Raised to $120.00

Marriott Vacations Worldwide (NYSE:VAC) had its price objective upped by Mizuho from $117.00 to $120.00 in a report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research analysts also recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Truist Financial boosted their price target on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Barclays raised Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $97.00 to $116.00 in a research note on Friday, December 13th. Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a research note on Monday, January 6th. They issued an “underweight” rating and a $87.00 target price for the company. Finally, StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $105.38.

Marriott Vacations Worldwide Stock Performance

NYSE VAC opened at $77.40 on Tuesday. Marriott Vacations Worldwide has a 52-week low of $67.28 and a 52-week high of $108.57. The company has a fifty day moving average of $86.61 and a 200-day moving average of $83.01. The company has a market capitalization of $2.70 billion, a P/E ratio of 14.74, a P/E/G ratio of 0.67 and a beta of 1.83. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly 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. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. As a group, equities research analysts predict 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 will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a $0.79 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $3.16 annualized dividend and a dividend yield of 4.08%. Marriott Vacations Worldwide’s payout ratio is presently 60.19%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. True Wealth Design LLC purchased a new position in shares of Marriott Vacations Worldwide during the third quarter valued at approximately $32,000. Capital Performance Advisors LLP bought a new stake in Marriott Vacations Worldwide in the third quarter valued at $39,000. Blue Trust Inc. increased 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 purchasing an additional 302 shares during the period. Brown Lisle Cummings Inc. bought a new position in Marriott Vacations Worldwide in the 4th quarter worth $50,000. Finally, Quarry LP lifted its position in shares of Marriott Vacations Worldwide by 81.6% in the 3rd quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after purchasing an additional 363 shares during the period. Institutional investors own 89.52% of the company’s stock.

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.