Marriott Vacations Worldwide Corporation (NYSE:VAC) Receives Average Rating of “Moderate Buy” from Analysts

Marriott Vacations Worldwide Corporation (NYSE:VAC) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $92.25.

Several brokerages have recently weighed in on VAC. The Goldman Sachs Group lifted their target price on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a “sell” rating in a report on Friday, May 9th. Mizuho lowered their target price on shares of Marriott Vacations Worldwide from $112.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Morgan Stanley raised shares of Marriott Vacations Worldwide from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $67.00 to $57.00 in a report on Tuesday, April 22nd. Stifel Nicolaus decreased their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, Barclays dropped their target price 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.

Insider Buying and Selling at Marriott Vacations Worldwide

In related news, Director Christian Asmar bought 412,449 shares of the company’s stock in a transaction on Tuesday, June 17th. The stock was bought at an average cost of $67.61 per share, with a total value of $27,885,676.89. Following the completion of the acquisition, the director now owns 3,708,433 shares in the company, valued at approximately $250,727,155.13. This represents a 12.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Marriott Vacations Worldwide

Several institutional investors and hedge funds have recently modified their holdings of VAC. Versor Investments LP purchased a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at about $337,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 255,947 shares of the company’s stock valued at $22,984,000 after purchasing an additional 6,516 shares in the last quarter. Atria Investments Inc purchased a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at about $232,000. M&T Bank Corp purchased a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at about $265,000. Finally, New South Capital Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 1.0% in the fourth quarter. New South Capital Management Inc. now owns 367,974 shares of the company’s stock valued at $33,044,000 after purchasing an additional 3,580 shares in the last quarter. Hedge funds and other institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Up 2.3%

Shares of NYSE:VAC opened at $73.43 on Friday. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 1.58 and a beta of 1.46. The firm’s 50-day simple moving average is $64.59 and its 200-day simple moving average is $73.44. The company has a quick ratio of 2.58, a current ratio of 3.16 and a debt-to-equity ratio of 2.18. Marriott Vacations Worldwide has a fifty-two week low of $49.22 and a fifty-two week high of $100.32.

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. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. Marriott Vacations Worldwide had a net margin of 4.57% and a return on equity of 10.43%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.80 earnings per share. As a group, equities research analysts predict that Marriott Vacations Worldwide will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.79 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $3.16 dividend on an annualized basis and a yield of 4.30%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 53.92%.

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.