Marriott Vacations Worldwide Corp. (VAC) PT Lowered to $72.00 at Telsey Advisory Group
Marriott Vacations Worldwide Corp. (NYSE:VAC) had its price target cut by equities research analysts at Telsey Advisory Group from $81.00 to $72.00 in a report released on Friday. The firm currently has a “market perform” rating on the stock. Telsey Advisory Group’s price target indicates a potential upside of 14.80% from the company’s previous close.
A number of other equities analysts have also issued reports on VAC. Deutsche Bank AG reissued a “hold” rating on shares of Marriott Vacations Worldwide Corp. in a report on Sunday, June 26th. Zacks Investment Research lowered Marriott Vacations Worldwide Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Stifel Nicolaus increased their price target on Marriott Vacations Worldwide Corp. from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $92.00 price target on shares of Marriott Vacations Worldwide Corp. in a research note on Monday, September 12th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Marriott Vacations Worldwide Corp. has an average rating of “Buy” and an average target price of $80.38.
Shares of Marriott Vacations Worldwide Corp. (NYSE:VAC) opened at 62.72 on Friday. Marriott Vacations Worldwide Corp. has a 12 month low of $45.95 and a 12 month high of $80.27. The stock has a 50 day moving average price of $74.01 and a 200-day moving average price of $68.51. The stock has a market cap of $1.69 billion, a P/E ratio of 16.51 and a beta of 1.18.
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Marriott Vacations Worldwide Corp. (NYSE:VAC) last issued its quarterly earnings data on Thursday, October 13th. The company reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by $0.19. Marriott Vacations Worldwide Corp. had a return on equity of 12.51% and a net margin of 6.38%. The business earned $407 million during the quarter, compared to the consensus estimate of $446.83 million. During the same period last year, the company earned $0.82 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year. On average, analysts forecast that Marriott Vacations Worldwide Corp. will post $4.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 6th. Stockholders of record on Thursday, September 22nd were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, September 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.91%. Marriott Vacations Worldwide Corp.’s dividend payout ratio (DPR) is presently 31.50%.
In other news, VP Brian E. Miller sold 4,000 shares of the stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $78.66, for a total transaction of $314,640.00. Following the completion of the sale, the vice president now owns 18,771 shares in the company, valued at approximately $1,476,526.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Mesirow Financial Investment Management Equity Management acquired a new stake in Marriott Vacations Worldwide Corp. during the second quarter worth about $22,319,000. Dimensional Fund Advisors LP raised its stake in Marriott Vacations Worldwide Corp. by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,304,172 shares of the company’s stock worth $157,811,000 after buying an additional 200,376 shares during the last quarter. Fiera Capital Corp raised its stake in Marriott Vacations Worldwide Corp. by 947.5% in the second quarter. Fiera Capital Corp now owns 213,692 shares of the company’s stock worth $14,636,000 after buying an additional 193,292 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Marriott Vacations Worldwide Corp. by 1,835.0% in the second quarter. Point72 Asset Management L.P. now owns 199,300 shares of the company’s stock worth $13,650,000 after buying an additional 189,000 shares during the last quarter. Finally, EverPoint Asset Management LLC acquired a new stake in Marriott Vacations Worldwide Corp. during the second quarter worth about $10,274,000. Institutional investors own 78.31% of the company’s stock.
About Marriott Vacations Worldwide Corp.
Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The Company is a developer, marketer and seller of vacation ownership and related products under The Ritz-Carlton Destination Club brand.
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