Marriott Vacations Worldwide (NYSE:VAC) Now Covered by Mizuho

Investment analysts at Mizuho began coverage on shares of Marriott Vacations Worldwide (NYSE:VAC) in a note issued to investors on Tuesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $128.00 price target on the stock. Mizuho’s target price points to a potential upside of 21.56% from the stock’s previous close.

VAC has been the subject of several other research reports. Jefferies Financial Group upped their price target on shares of Marriott Vacations Worldwide from $90.00 to $92.00 and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. JMP Securities raised their target price 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. Truist Financial boosted their price target on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Barclays raised their price objective on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of “Hold” and a consensus price target of $109.71.

Marriott Vacations Worldwide Trading Up 4.3 %

VAC stock opened at $105.30 on Tuesday. Marriott Vacations Worldwide has a 52-week low of $72.78 and a 52-week high of $140.30. The company has a quick ratio of 2.64, a current ratio of 3.15 and a debt-to-equity ratio of 2.16. The firm has a market cap of $3.70 billion, a P/E ratio of 16.85 and a beta of 1.84. The company’s 50-day simple moving average is $90.88 and its 200-day simple moving average is $88.84.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.08. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. Marriott Vacations Worldwide’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.74 earnings per share. As a group, equities analysts forecast that Marriott Vacations Worldwide will post 7.81 EPS for the current fiscal year.

Institutional Trading of Marriott Vacations Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Marriott Vacations Worldwide by 0.5% in the first quarter. Vanguard Group Inc. now owns 3,711,264 shares of the company’s stock worth $585,266,000 after acquiring an additional 18,944 shares during the period. Senvest Management LLC increased its position in shares of Marriott Vacations Worldwide by 5.9% during the 3rd quarter. Senvest Management LLC now owns 2,100,786 shares of the company’s stock worth $211,402,000 after purchasing an additional 116,823 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Marriott Vacations Worldwide by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,387,206 shares of the company’s stock valued at $117,763,000 after buying an additional 66,362 shares during the period. Burgundy Asset Management Ltd. lifted its position in Marriott Vacations Worldwide by 55.0% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,064,068 shares of the company’s stock valued at $90,329,000 after buying an additional 377,766 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Marriott Vacations Worldwide by 0.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,033,837 shares of the company’s stock worth $139,145,000 after buying an additional 5,879 shares during the period. Institutional investors and hedge funds 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.