Marriott Vacations Worldwide Corp (NYSE:VAC) has received a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $125.80.
Several research firms recently weighed in on VAC. Deutsche Bank reiterated a “hold” rating and issued a $107.00 price target on shares of Marriott Vacations Worldwide in a report on Sunday, October 6th. JPMorgan Chase & Co. cut their price target on shares of Marriott Vacations Worldwide from $118.00 to $117.00 and set an “overweight” rating on the stock in a report on Monday. Finally, ValuEngine upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Monday, July 29th.
NYSE:VAC traded up $4.25 during trading hours on Friday, hitting $106.44. The company had a trading volume of 28,478 shares, compared to its average volume of 375,883. The company has a market capitalization of $4.36 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.40 and a beta of 1.71. The stock has a 50-day moving average price of $102.76 and a 200 day moving average price of $98.36. Marriott Vacations Worldwide has a 52 week low of $60.67 and a 52 week high of $113.08. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.41 and a quick ratio of 2.62.
Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.24. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Marriott Vacations Worldwide had a net margin of 1.50% and a return on equity of 8.11%. The firm’s revenue for the quarter was up 79.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 earnings per share. Analysts anticipate that Marriott Vacations Worldwide will post 7.94 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Wednesday, September 18th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 30.61%.
In other Marriott Vacations Worldwide news, CEO Stephen P. Weisz bought 4,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $83.70 per share, for a total transaction of $334,800.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas J. Hutchison III sold 984 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $107.71, for a total transaction of $105,986.64. Following the sale, the director now owns 20,449 shares in the company, valued at approximately $2,202,561.79. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of VAC. Steward Partners Investment Advisory LLC purchased a new position in shares of Marriott Vacations Worldwide in the 2nd quarter worth about $26,000. Doyle Wealth Management purchased a new position in shares of Marriott Vacations Worldwide in the 2nd quarter worth about $52,000. Asset Planning Services Ltd. raised its position in shares of Marriott Vacations Worldwide by 11.8% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,190 shares of the company’s stock worth $115,000 after purchasing an additional 126 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Marriott Vacations Worldwide by 1,048.5% in the 2nd quarter. Advisory Services Network LLC now owns 1,562 shares of the company’s stock worth $151,000 after purchasing an additional 1,426 shares during the last quarter. Finally, Greenwood Capital Associates LLC purchased a new position in shares of Marriott Vacations Worldwide in the 2nd quarter worth about $270,000. 81.35% of the stock is owned by hedge funds and other institutional investors.
About Marriott Vacations Worldwide
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.
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