Marriott Vacations Worldwide Co. (NYSE:VAC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) have been assigned a consensus rating of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $96.65.

VAC has been the topic of several recent research reports. JMP Securities decreased their price objective on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a report on Friday, August 2nd. StockNews.com lowered Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a report on Friday, July 19th. The Goldman Sachs Group initiated coverage on Marriott Vacations Worldwide in a report on Wednesday, September 18th. They set a “sell” rating and a $62.00 price objective on the stock. Stifel Nicolaus decreased their price objective on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, Truist Financial decreased their price objective on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a report on Friday, July 19th.

Marriott Vacations Worldwide Stock Up 1.5 %

Shares of VAC stock opened at $76.69 on Friday. The stock’s 50 day simple moving average is $73.92 and its 200 day simple moving average is $84.03. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28. Marriott Vacations Worldwide has a twelve month low of $67.28 and a twelve month high of $108.57. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.67 and a beta of 1.80.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.89). The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.21 billion. Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.19 earnings per share. As a group, research analysts predict that Marriott Vacations Worldwide will post 6.11 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio is currently 56.19%.

Insiders Place Their Bets

In other Marriott Vacations Worldwide news, insider Jason P. Marino acquired 700 shares of Marriott Vacations Worldwide stock in a transaction on Wednesday, September 11th. The shares were bought at an average price of $69.00 per share, with a total value of $48,300.00. Following the completion of the purchase, the insider now owns 15,851 shares in the company, valued at $1,093,719. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Marriott Vacations Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Retirement Systems of Alabama raised its position in shares of Marriott Vacations Worldwide by 0.3% during the first quarter. Retirement Systems of Alabama now owns 41,478 shares of the company’s stock worth $4,468,000 after acquiring an additional 109 shares during the last quarter. Diversified Trust Co increased its holdings in Marriott Vacations Worldwide by 3.0% in the first quarter. Diversified Trust Co now owns 3,833 shares of the company’s stock valued at $413,000 after purchasing an additional 112 shares during the last quarter. Covestor Ltd increased its holdings in Marriott Vacations Worldwide by 10.5% in the first quarter. Covestor Ltd now owns 1,670 shares of the company’s stock valued at $180,000 after purchasing an additional 159 shares during the last quarter. State of Michigan Retirement System increased its holdings in Marriott Vacations Worldwide by 2.5% in the first quarter. State of Michigan Retirement System now owns 8,113 shares of the company’s stock valued at $874,000 after purchasing an additional 200 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Marriott Vacations Worldwide by 5.4% in the second quarter. Commonwealth Equity Services LLC now owns 4,251 shares of the company’s stock valued at $371,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Company Profile

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.