Brokerages Set Marriott Vacations Worldwide Co. (NYSE:VAC) PT at $105.67

Marriott Vacations Worldwide Co. (NYSE:VAC) has received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $105.88.

Several brokerages have commented on VAC. 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 report on Tuesday, November 26th. Morgan Stanley started coverage on shares of Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an “underweight” rating and a $87.00 target price on the stock. The Goldman Sachs Group increased 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. Stifel Nicolaus boosted their price objective on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, StockNews.com raised Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VAC. Point72 Asset Management L.P. bought a new stake in Marriott Vacations Worldwide during the fourth quarter valued at about $37,974,000. Norges Bank acquired a new stake in Marriott Vacations Worldwide in the 4th quarter valued at $31,677,000. AQR Capital Management LLC grew its holdings in shares of Marriott Vacations Worldwide by 47.2% in the 4th quarter. AQR Capital Management LLC now owns 765,480 shares of the company’s stock worth $68,510,000 after purchasing an additional 245,427 shares during the last quarter. Ananym Capital Management LP acquired a new stake in shares of Marriott Vacations Worldwide during the fourth quarter worth approximately $21,987,000. Finally, International Assets Investment Management LLC acquired a new stake in Marriott Vacations Worldwide during the 3rd quarter valued at $14,983,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Up 0.1 %

Marriott Vacations Worldwide stock opened at $85.38 on Friday. Marriott Vacations Worldwide has a 52 week low of $67.28 and a 52 week high of $108.57. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 0.67 and a beta of 1.83. The company’s 50-day moving average price is $86.87 and its two-hundred day moving average price is $83.05. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.51 by $0.35. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. On average, analysts expect that Marriott Vacations Worldwide will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.79 per share. The ex-dividend date is Wednesday, March 5th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.70%. Marriott Vacations Worldwide’s dividend payout ratio is currently 60.19%.

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.