Marriott Vacations Worldwide Co. (NYSE:VAC) Given Consensus Rating of “Hold” by Analysts

Shares of Marriott Vacations Worldwide Co. (NYSE:VACGet Free Report) have received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $109.71.

VAC has been the topic of several research analyst reports. JMP Securities boosted their price objective on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a “market outperform” rating in a research report on Monday, February 26th. Mizuho initiated coverage on Marriott Vacations Worldwide in a research report on Tuesday, March 26th. They issued a “buy” rating and a $128.00 price objective on the stock. Jefferies Financial Group boosted their price objective on Marriott Vacations Worldwide from $90.00 to $92.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Truist Financial lifted their target price on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. lifted their target price on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd.

View Our Latest Analysis on VAC

Marriott Vacations Worldwide Price Performance

NYSE VAC opened at $103.84 on Wednesday. The business’s fifty day moving average is $92.73 and its 200 day moving average is $88.87. Marriott Vacations Worldwide has a fifty-two week low of $72.78 and a fifty-two week high of $140.30. The company has a market capitalization of $3.65 billion, a PE ratio of 16.61 and a beta of 1.85. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.64 and a current ratio of 3.15.

Marriott Vacations Worldwide (NYSE:VACGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.80 by $0.08. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned $2.74 earnings per share. The business’s revenue was up .5% on a year-over-year basis. Sell-side analysts predict that Marriott Vacations Worldwide will post 7.81 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.76 per share. The ex-dividend date was Wednesday, February 28th. This represents a $3.04 annualized dividend and a yield of 2.93%. Marriott Vacations Worldwide’s payout ratio is currently 48.64%.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several large investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. increased its stake in Marriott Vacations Worldwide by 56.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 204 shares of the company’s stock worth $27,000 after acquiring an additional 74 shares during the last quarter. Wellington Management Group LLP increased its stake in Marriott Vacations Worldwide by 5.0% during the first quarter. Wellington Management Group LLP now owns 1,905 shares of the company’s stock worth $257,000 after acquiring an additional 91 shares during the last quarter. Ethic Inc. increased its stake in Marriott Vacations Worldwide by 3.7% during the first quarter. Ethic Inc. now owns 2,779 shares of the company’s stock worth $438,000 after acquiring an additional 100 shares during the last quarter. Raymond James & Associates grew its stake in shares of Marriott Vacations Worldwide by 6.0% during the first quarter. Raymond James & Associates now owns 2,004 shares of the company’s stock valued at $316,000 after buying an additional 113 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Marriott Vacations Worldwide by 2.7% during the third quarter. Commonwealth Equity Services LLC now owns 4,329 shares of the company’s stock valued at $527,000 after buying an additional 115 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

Marriott Vacations Worldwide Company Profile

(Get Free Report

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.

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Analyst Recommendations for Marriott Vacations Worldwide (NYSE:VAC)

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