Analysts Set Marriott Vacations Worldwide Co. (NYSE:VAC) PT at $96.65

Marriott Vacations Worldwide Co. (NYSE:VAC) has been assigned an average rating of “Hold” from the ten analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $96.65.

VAC has been the subject of several recent analyst reports. Barclays reduced their target price on Marriott Vacations Worldwide from $82.00 to $74.00 and set an “equal weight” rating for the company in a research report on Thursday, September 26th. The Goldman Sachs Group started coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price objective on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Truist Financial lowered their price objective on shares of Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a research report on Friday, July 19th. Finally, Stifel Nicolaus cut their target price on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research report on Friday, September 13th.

Insider Transactions at Marriott Vacations Worldwide

In related news, insider Jason P. Marino purchased 700 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Wednesday, September 11th. The shares were acquired at an average cost of $69.00 per share, for a total transaction of $48,300.00. Following the transaction, the insider now directly owns 15,851 shares in the company, valued at $1,093,719. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Pallas Capital Advisors LLC raised its holdings in Marriott Vacations Worldwide by 2.8% during the 3rd quarter. Pallas Capital Advisors LLC now owns 35,285 shares of the company’s stock valued at $2,706,000 after buying an additional 968 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Marriott Vacations Worldwide by 53.4% in the third quarter. Nisa Investment Advisors LLC now owns 8,933 shares of the company’s stock valued at $663,000 after acquiring an additional 3,110 shares during the period. Semanteon Capital Management LP bought a new position in shares of Marriott Vacations Worldwide during the third quarter valued at about $236,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Marriott Vacations Worldwide during the third quarter worth about $225,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Marriott Vacations Worldwide by 31.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,837 shares of the company’s stock worth $576,000 after purchasing an additional 1,874 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Up 2.0 %

Shares of NYSE VAC opened at $78.20 on Friday. The business has a 50-day simple moving average of $74.06 and a two-hundred day simple moving average of $83.72. Marriott Vacations Worldwide has a 52 week low of $67.28 and a 52 week high of $108.57. The company has a market cap of $2.74 billion, a P/E ratio of 18.53, a P/E/G ratio of 0.71 and a beta of 1.80. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.89). Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the firm posted $2.19 EPS. Marriott Vacations Worldwide’s revenue was down 3.2% on a year-over-year basis. Research analysts anticipate that Marriott Vacations Worldwide will post 6.11 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.89%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 72.04%.

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.