Marriott Vacations Worldwide Co. (NYSE:VAC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) have received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $102.75.

A number of research analysts have recently commented on VAC shares. Mizuho raised their target price on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Stifel Nicolaus dropped their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Barclays decreased their price target on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Truist Financial dropped their price objective on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, 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.

Insider Transactions at Marriott Vacations Worldwide

In related news, insider Stephanie Sobeck Butera purchased 650 shares of Marriott Vacations Worldwide stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the purchase, the insider now directly owns 8,770 shares of the company’s stock, valued at $628,458.20. The trade was a 8.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in VAC. True Wealth Design LLC bought a new position in shares of Marriott Vacations Worldwide during the 3rd quarter valued at $32,000. Blue Trust Inc. increased its position in Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after acquiring an additional 302 shares during the last quarter. Brown Lisle Cummings Inc. bought a new position in Marriott Vacations Worldwide in the fourth quarter valued at about $50,000. Quarry LP boosted its position in Marriott Vacations Worldwide by 81.6% in the third quarter. Quarry LP now owns 808 shares of the company’s stock worth $59,000 after purchasing an additional 363 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Marriott Vacations Worldwide during the 4th quarter valued at about $89,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Performance

NYSE:VAC opened at $66.99 on Wednesday. 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 firm’s fifty day simple moving average is $79.89 and its 200 day simple moving average is $82.78. The stock has a market cap of $2.34 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 0.67 and a beta of 1.83. Marriott Vacations Worldwide has a twelve month low of $63.46 and a twelve month high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. As a group, research analysts predict that Marriott Vacations Worldwide will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

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

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.