Shares of Marriott Vacations Worldwide Corp. (NYSE:VAC) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $82.75.
VAC has been the topic of several recent research reports. Credit Suisse Group AG restated a “buy” rating and set a $92.00 target price on shares of Marriott Vacations Worldwide Corp. in a research report on Monday, September 12th. Zacks Investment Research cut shares of Marriott Vacations Worldwide Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Finally, Telsey Advisory Group decreased their target price on shares of Marriott Vacations Worldwide Corp. from $81.00 to $72.00 and set a “market perform” rating on the stock in a research report on Friday, October 14th.
A number of institutional investors have recently modified their holdings of the company. US Bancorp DE increased its position in Marriott Vacations Worldwide Corp. by 213.1% in the third quarter. US Bancorp DE now owns 1,387 shares of the company’s stock worth $102,000 after buying an additional 944 shares in the last quarter. Quantbot Technologies LP acquired a new position in Marriott Vacations Worldwide Corp. during the third quarter worth about $102,000. Howe & Rusling Inc. increased its position in Marriott Vacations Worldwide Corp. by 3.8% in the second quarter. Howe & Rusling Inc. now owns 2,114 shares of the company’s stock worth $145,000 after buying an additional 77 shares in the last quarter. Advisor Group Inc. increased its position in Marriott Vacations Worldwide Corp. by 88.4% in the third quarter. Advisor Group Inc. now owns 2,183 shares of the company’s stock worth $161,000 after buying an additional 1,024 shares in the last quarter. Finally, Seven Bridges Advisors LLC acquired a new position in Marriott Vacations Worldwide Corp. during the third quarter worth about $177,000. Institutional investors and hedge funds own 75.72% of the company’s stock.
Marriott Vacations Worldwide Corp. (NYSE:VAC) last announced its earnings results on Thursday, October 13th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by $0.19. The business had revenue of $407 million for the quarter, compared to analysts’ expectations of $446.83 million. Marriott Vacations Worldwide Corp. had a net margin of 6.68% and a return on equity of 13.10%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 earnings per share. On average, equities analysts forecast that Marriott Vacations Worldwide Corp. will post $4.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Thursday, December 22nd will be paid a $0.35 dividend. This is an increase from Marriott Vacations Worldwide Corp.’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Tuesday, December 20th. Marriott Vacations Worldwide Corp.’s dividend payout ratio is currently 29.20%.
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Marriott Vacations Worldwide Corp. Company Profile
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.
