Stifel Nicolaus Raises Marriott Vacations Worldwide (NYSE:VAC) Price Target to $117.00

Marriott Vacations Worldwide (NYSE:VAC) had its target price lifted by stock analysts at Stifel Nicolaus from $115.00 to $117.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 21.17% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on VAC. JMP Securities upped their price objective on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a “market outperform” rating in a research report on Monday, February 26th. Mizuho began coverage on shares of Marriott Vacations Worldwide in a research report on Tuesday, March 26th. They set a “buy” rating and a $128.00 price objective for the company. Truist Financial boosted their target price on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. boosted their target price on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Finally, Barclays boosted their target price on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $111.13.

Marriott Vacations Worldwide Trading Down 2.6 %

VAC opened at $96.56 on Tuesday. Marriott Vacations Worldwide has a twelve month low of $72.78 and a twelve month high of $134.09. The company has a 50-day simple moving average of $99.02 and a 200 day simple moving average of $89.39. The company has a quick ratio of 2.64, a current ratio of 3.15 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 15.45 and a beta of 1.85.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Monday, May 6th. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.14. Marriott Vacations Worldwide had a net margin of 5.37% and a return on equity of 13.21%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the business posted $2.54 earnings per share. Marriott Vacations Worldwide’s revenue was up 2.2% compared to the same quarter last year. Analysts predict that Marriott Vacations Worldwide will post 7.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VAC. Inspire Investing LLC increased its stake in shares of Marriott Vacations Worldwide by 19.1% in the third quarter. Inspire Investing LLC now owns 3,053 shares of the company’s stock valued at $307,000 after buying an additional 490 shares during the period. ING Groep NV acquired a new position in shares of Marriott Vacations Worldwide in the third quarter valued at approximately $1,157,000. Allspring Global Investments Holdings LLC increased its stake in shares of Marriott Vacations Worldwide by 1,075.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,763 shares of the company’s stock valued at $278,000 after buying an additional 2,528 shares during the period. Malaga Cove Capital LLC acquired a new position in shares of Marriott Vacations Worldwide in the third quarter valued at approximately $224,000. Finally, Coldstream Capital Management Inc. increased its stake in shares of Marriott Vacations Worldwide by 12.0% in the third quarter. Coldstream Capital Management Inc. now owns 2,563 shares of the company’s stock valued at $258,000 after buying an additional 274 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.