Marriott Vacations Worldwide Co. (NYSE:VAC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Marriott Vacations Worldwide Co. (NYSE:VAC) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $102.75.

Several research firms recently weighed in on VAC. Barclays reduced their price objective on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Truist Financial cut their price target on shares of Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a report on Friday, March 7th. Morgan Stanley initiated coverage on shares of Marriott Vacations Worldwide in a report on Monday, January 6th. They issued an “underweight” rating and a $87.00 price target for the company. The Goldman Sachs Group upped their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Finally, Mizuho upped their price target on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th.

Marriott Vacations Worldwide Stock Performance

VAC stock opened at $65.90 on Wednesday. The company has a market capitalization of $2.30 billion, a P/E ratio of 12.55, a PEG ratio of 0.67 and a beta of 1.83. The company has a 50-day simple moving average of $80.55 and a 200 day simple moving average of $82.86. Marriott Vacations Worldwide has a fifty-two week low of $63.46 and a fifty-two week high of $108.57. 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 posted its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.35. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. Sell-side analysts predict that Marriott Vacations Worldwide will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $3.16 annualized dividend and a yield of 4.80%. Marriott Vacations Worldwide’s payout ratio is presently 56.23%.

Insiders Place Their Bets

In related news, insider Stephanie Sobeck Butera acquired 650 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the acquisition, the insider now owns 8,770 shares in the company, valued at approximately $628,458.20. This 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 is available at the SEC website. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of large investors have recently made changes to their positions in the business. True Wealth Design LLC increased its holdings in shares of Marriott Vacations Worldwide by 35.2% in the 4th quarter. True Wealth Design LLC now owns 595 shares of the company’s stock valued at $53,000 after purchasing an additional 155 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Marriott Vacations Worldwide by 2.7% in the 4th quarter. Pacer Advisors Inc. now owns 6,404 shares of the company’s stock valued at $575,000 after purchasing an additional 166 shares during the period. Stifel Financial Corp increased its holdings in shares of Marriott Vacations Worldwide by 3.4% in the 3rd quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock valued at $411,000 after purchasing an additional 184 shares during the period. Xponance Inc. increased its holdings in shares of Marriott Vacations Worldwide by 6.2% in the 4th quarter. Xponance Inc. now owns 3,809 shares of the company’s stock valued at $342,000 after purchasing an additional 221 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Marriott Vacations Worldwide by 130.7% in the 4th quarter. Blue Trust Inc. now owns 533 shares of the company’s stock valued at $48,000 after purchasing an additional 302 shares during the period. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.