Marriott Vacations Worldwide Co. (NYSE:VAC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Marriott Vacations Worldwide Co. (NYSE:VAC) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $92.25.

A number of research firms recently commented on VAC. Barclays lowered their price target on shares of Marriott Vacations Worldwide from $97.00 to $88.00 and set an “overweight” rating for the company in a report on Monday, May 12th. Morgan Stanley raised shares of Marriott Vacations Worldwide from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $67.00 to $57.00 in a research note on Tuesday, April 22nd. Stifel Nicolaus dropped their target price on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group boosted their price target on Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a “sell” rating in a report on Friday, May 9th. Finally, Truist Financial dropped their price objective on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a report on Friday, March 7th.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, insider Stephanie Sobeck Butera acquired 650 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the completion of the acquisition, the insider now owns 8,770 shares in the company, valued at $628,458.20. This trade represents a 8.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Trading of Marriott Vacations Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in Marriott Vacations Worldwide by 130.7% during the fourth quarter. Blue Trust Inc. now owns 533 shares of the company’s stock worth $48,000 after acquiring an additional 302 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Marriott Vacations Worldwide during the fourth quarter valued at approximately $734,000. Ananym Capital Management LP bought a new stake in shares of Marriott Vacations Worldwide in the 4th quarter worth approximately $21,987,000. Captrust Financial Advisors bought a new stake in shares of Marriott Vacations Worldwide in the 4th quarter worth approximately $440,000. Finally, Norges Bank purchased a new stake in shares of Marriott Vacations Worldwide in the 4th quarter worth approximately $31,677,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Stock Performance

NYSE VAC opened at $65.86 on Monday. The company has a 50-day simple moving average of $60.73 and a two-hundred day simple moving average of $76.77. Marriott Vacations Worldwide has a 12-month low of $49.22 and a 12-month high of $100.32. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 0.67 and a beta of 1.42. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, May 7th. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.10. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the business posted $1.80 EPS. Marriott Vacations Worldwide’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities analysts forecast that Marriott Vacations Worldwide will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a $0.79 dividend. The ex-dividend date is Friday, May 23rd. This represents a $3.16 annualized dividend and a yield of 4.80%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 53.92%.

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.