Marriott Vacations Worldwide (NYSE:VAC) Price Target Increased to $106.00 by Analysts at Barclays

Marriott Vacations Worldwide (NYSE:VAC) had its target price lifted by Barclays from $102.00 to $106.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 6.67% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Truist Financial upped their price target 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. Stifel Nicolaus raised their price objective on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a “buy” rating in a research note on Tuesday. Mizuho initiated coverage on Marriott Vacations Worldwide in a research report on Tuesday, March 26th. They set a “buy” rating and a $128.00 target price for the company. Finally, JMP Securities lifted their price target on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $112.22.

Marriott Vacations Worldwide Stock Up 3.0 %

VAC opened at $99.37 on Wednesday. The company has a market capitalization of $3.50 billion, a PE ratio of 15.90 and a beta of 1.85. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.15 and a quick ratio of 2.64. Marriott Vacations Worldwide has a fifty-two week low of $72.78 and a fifty-two week high of $134.09. The business has a 50-day moving average of $99.15 and a 200-day moving average of $89.46.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Monday, May 6th. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.14. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. Marriott Vacations Worldwide had a net margin of 5.37% and a return on equity of 13.21%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.54 earnings per share. Equities research analysts forecast that Marriott Vacations Worldwide will post 7.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Marriott Vacations Worldwide by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 3,123,164 shares of the company’s stock worth $265,125,000 after purchasing an additional 44,774 shares during the last quarter. Senvest Management LLC grew its stake in Marriott Vacations Worldwide by 5.9% during the third quarter. Senvest Management LLC now owns 2,100,786 shares of the company’s stock worth $211,402,000 after buying an additional 116,823 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Marriott Vacations Worldwide by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,387,206 shares of the company’s stock worth $117,763,000 after buying an additional 66,362 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of Marriott Vacations Worldwide by 55.0% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,064,068 shares of the company’s stock worth $90,329,000 after buying an additional 377,766 shares in the last quarter. Finally, Van Berkom & Associates Inc. raised its stake in shares of Marriott Vacations Worldwide by 31.2% in the third quarter. Van Berkom & Associates Inc. now owns 599,290 shares of the company’s stock valued at $60,307,000 after acquiring an additional 142,349 shares during the last quarter. 89.52% of the stock is owned by institutional investors and hedge funds.

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.