Marriott Vacations Worldwide (NYSE:VAC) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Marriott Vacations Worldwide (NYSE:VAC) in a report released on Wednesday, Marketbeat Ratings reports. The brokerage issued a sell rating and a $62.00 target price on the stock.

A number of other equities research analysts also recently weighed in on VAC. Mizuho lowered their price objective on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a buy rating for the company in a research report on Friday, June 14th. JMP Securities dropped their price target on Marriott Vacations Worldwide from $115.00 to $90.00 and set a market outperform rating on the stock in a research report on Friday, August 2nd. Barclays reduced their price objective on Marriott Vacations Worldwide from $106.00 to $82.00 and set an equal weight rating for the company in a research report on Friday, August 2nd. Truist Financial dropped their target price on Marriott Vacations Worldwide from $161.00 to $159.00 and set a buy rating on the stock in a research report on Friday, July 19th. Finally, Stifel Nicolaus reduced their price target on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a buy rating for the company in a report on Friday, September 13th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Marriott Vacations Worldwide has a consensus rating of Hold and a consensus target price of $97.45.

Marriott Vacations Worldwide Trading Down 0.1 %

NYSE:VAC opened at $74.49 on Wednesday. The company has a market cap of $2.62 billion, a PE ratio of 13.77, a P/E/G ratio of 0.64 and a beta of 1.81. The business’s 50 day moving average is $76.44 and its two-hundred day moving average is $88.19. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21. Marriott Vacations Worldwide has a 52 week low of $67.28 and a 52 week high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.89). Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the business earned $2.19 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, analysts predict that Marriott Vacations Worldwide will post 6.12 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 4.08%. The ex-dividend date is Thursday, September 19th. Marriott Vacations Worldwide’s payout ratio is currently 56.19%.

Insider Activity at Marriott Vacations Worldwide

In related news, insider Jason P. Marino purchased 700 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, September 11th. The stock was bought at an average cost of $69.00 per share, with a total value of $48,300.00. Following the purchase, the insider now owns 15,851 shares in the company, valued at approximately $1,093,719. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VAC. Janney Montgomery Scott LLC acquired a new position in shares of Marriott Vacations Worldwide during the 4th quarter valued at $552,000. Quadrant Capital Group LLC grew its holdings in Marriott Vacations Worldwide by 20.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock worth $86,000 after acquiring an additional 175 shares during the period. Norges Bank bought a new stake in Marriott Vacations Worldwide in the fourth quarter worth about $31,220,000. Coldstream Capital Management Inc. lifted its holdings in Marriott Vacations Worldwide by 17.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,001 shares of the company’s stock valued at $255,000 after acquiring an additional 438 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Marriott Vacations Worldwide during the 4th quarter valued at about $3,395,000. Institutional investors own 89.52% of the company’s stock.

About Marriott Vacations Worldwide

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.