Marriott Vacations Worldwide Corp (NYSE:VAC) had its target price hoisted by equities researchers at Stifel Nicolaus from $102.00 to $120.00 in a research report issued on Monday. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 8.18% from the stock’s current price.

VAC has been the subject of several other research reports. Telsey Advisory Group increased their price target on Marriott Vacations Worldwide Corp from $72.00 to $96.00 and gave the stock a “market perform” rating in a research note on Friday, February 24th. MKM Partners reiterated a “buy” rating and set a $115.00 price target (up previously from $104.00) on shares of Marriott Vacations Worldwide Corp in a research note on Tuesday, February 28th. Zacks Investment Research downgraded Marriott Vacations Worldwide Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Janney Montgomery Scott started coverage on Marriott Vacations Worldwide Corp in a research note on Thursday, April 20th. They set a “buy” rating and a $119.00 price target for the company. Finally, Deutsche Bank AG increased their price target on Marriott Vacations Worldwide Corp from $80.00 to $92.00 and gave the stock a “hold” rating in a research note on Monday, May 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Marriott Vacations Worldwide Corp has an average rating of “Buy” and an average price target of $109.00.

Analyst Recommendations for Marriott Vacations Worldwide Corp (NYSE:VAC)

Shares of Marriott Vacations Worldwide Corp (NYSE:VAC) opened at 110.93 on Monday. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 21.16 and a beta of 1.25. Marriott Vacations Worldwide Corp has a one year low of $56.90 and a one year high of $124.94. The firm’s 50-day moving average is $107.07 and its 200-day moving average is $90.93.

Marriott Vacations Worldwide Corp (NYSE:VAC) last posted its quarterly earnings results on Thursday, May 4th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.04. The company had revenue of $487.50 million during the quarter, compared to the consensus estimate of $475.07 million. Marriott Vacations Worldwide Corp had a return on equity of 13.10% and a net margin of 6.68%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 EPS. Analysts expect that Marriott Vacations Worldwide Corp will post $5.29 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 25th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.26%. Marriott Vacations Worldwide Corp’s dividend payout ratio (DPR) is 34.06%.

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In related news, major shareholder J W. Marriott, Jr. sold 5,788 shares of the stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $95.33, for a total transaction of $551,770.04. Following the sale, the insider now owns 11,789 shares of the company’s stock, valued at approximately $1,123,845.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dwight D. Smith sold 1,500 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $96.53, for a total value of $144,795.00. Following the sale, the vice president now directly owns 10,870 shares in the company, valued at approximately $1,049,281.10. The disclosure for this sale can be found here. Insiders have sold a total of 20,608 shares of company stock worth $1,991,844 in the last three months. 2.70% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. Stratos Wealth Partners LTD. boosted its stake in shares of Marriott Vacations Worldwide Corp by 0.3% in the first quarter. Stratos Wealth Partners LTD. now owns 5,858 shares of the company’s stock worth $585,000 after buying an additional 15 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Marriott Vacations Worldwide Corp by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 2,700 shares of the company’s stock worth $269,000 after buying an additional 70 shares during the period. US Bancorp DE boosted its stake in shares of Marriott Vacations Worldwide Corp by 6.3% in the first quarter. US Bancorp DE now owns 1,475 shares of the company’s stock worth $147,000 after buying an additional 87 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of Marriott Vacations Worldwide Corp by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 7,620 shares of the company’s stock worth $762,000 after buying an additional 90 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Marriott Vacations Worldwide Corp by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 9,900 shares of the company’s stock worth $989,000 after buying an additional 100 shares during the period. 75.49% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Corp Company Profile

Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.

12 Month Chart for NYSE:VAC

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