Marriott Vacations Worldwide (NYSE:VAC) Director Buys 5,500 Shares

Marriott Vacations Worldwide Corporation (NYSE:VAC) Director Lizanne Galbreath acquired 5,500 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average cost of $46.51 per share, with a total value of $255,805.00. Following the transaction, the director owned 25,714 shares in the company, valued at approximately $1,195,958.14. This trade represents a 27.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Marriott Vacations Worldwide Stock Performance

Shares of NYSE VAC traded up $0.29 during trading on Tuesday, hitting $46.59. The company had a trading volume of 914,181 shares, compared to its average volume of 544,942. The stock has a 50 day simple moving average of $66.33 and a 200 day simple moving average of $70.76. The firm has a market capitalization of $1.61 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 1.00 and a beta of 1.50. The company has a debt-to-equity ratio of 2.29, a quick ratio of 3.22 and a current ratio of 3.87. Marriott Vacations Worldwide Corporation has a 12 month low of $44.58 and a 12 month high of $99.42.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, November 5th. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.05. Marriott Vacations Worldwide had a net margin of 3.44% and a return on equity of 11.44%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm posted $1.80 EPS. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.700-7.100 EPS. As a group, analysts anticipate that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 17th were paid a dividend of $0.79 per share. The ex-dividend date was Wednesday, September 17th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 6.8%. Marriott Vacations Worldwide’s payout ratio is 70.85%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VAC. Fuller & Thaler Asset Management Inc. raised its stake in Marriott Vacations Worldwide by 32.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,822,687 shares of the company’s stock valued at $117,089,000 after purchasing an additional 444,126 shares in the last quarter. Norges Bank purchased a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter valued at about $27,971,000. Senvest Management LLC lifted its holdings in shares of Marriott Vacations Worldwide by 19.4% in the 2nd quarter. Senvest Management LLC now owns 1,816,012 shares of the company’s stock valued at $131,316,000 after acquiring an additional 294,937 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Marriott Vacations Worldwide by 71.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 635,977 shares of the company’s stock worth $45,987,000 after acquiring an additional 265,278 shares in the last quarter. Finally, Capital World Investors bought a new stake in Marriott Vacations Worldwide during the third quarter worth approximately $226,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on VAC shares. Stifel Nicolaus set a $83.00 price target on Marriott Vacations Worldwide in a research note on Thursday, November 6th. Weiss Ratings lowered Marriott Vacations Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Wells Fargo & Company started coverage on Marriott Vacations Worldwide in a research note on Tuesday. They set an “underweight” rating and a $37.00 target price on the stock. Barclays lowered their price target on Marriott Vacations Worldwide from $87.00 to $64.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Finally, Mizuho lowered shares of Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $85.00 to $58.00 in a report on Tuesday, November 11th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $63.38.

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.