Analysts Set Marriott Vacations Worldwide Corporation (NYSE:VAC) PT at $86.70

Marriott Vacations Worldwide Corporation (NYSE:VAC) has been assigned an average rating of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $86.70.

Several research firms have recently weighed in on VAC. The Goldman Sachs Group upgraded Marriott Vacations Worldwide from a “sell” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Monday, June 1st. Barclays upped their price target on shares of Marriott Vacations Worldwide from $80.00 to $94.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Zacks Research lowered shares of Marriott Vacations Worldwide from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Wells Fargo & Company upped their target price on shares of Marriott Vacations Worldwide from $66.00 to $68.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 14th. Finally, Morgan Stanley raised their target price on shares of Marriott Vacations Worldwide from $51.00 to $52.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th.

Institutional Investors Weigh In On Marriott Vacations Worldwide

A number of institutional investors and hedge funds have recently bought and sold shares of VAC. Advisory Services Network LLC purchased a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter worth $27,000. IFP Advisors Inc increased its stake in shares of Marriott Vacations Worldwide by 1,828.0% during the third quarter. IFP Advisors Inc now owns 482 shares of the company’s stock valued at $32,000 after buying an additional 457 shares during the period. Leonteq Securities AG purchased a new position in shares of Marriott Vacations Worldwide during the fourth quarter valued at $35,000. Kestra Advisory Services LLC bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at about $37,000. Finally, International Assets Investment Management LLC raised its holdings in shares of Marriott Vacations Worldwide by 877.2% in the first quarter. International Assets Investment Management LLC now owns 557 shares of the company’s stock valued at $38,000 after acquiring an additional 500 shares in the last quarter. 89.52% of the stock is owned by institutional investors.

Marriott Vacations Worldwide Price Performance

Shares of VAC stock opened at $97.57 on Friday. Marriott Vacations Worldwide has a 52-week low of $44.58 and a 52-week high of $105.97. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.77 and a current ratio of 3.30. The firm has a market capitalization of $3.35 billion, a P/E ratio of -9.67, a P/E/G ratio of 2.21 and a beta of 1.22. The stock has a 50 day moving average price of $95.39 and a 200 day moving average price of $76.20.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.43). The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Marriott Vacations Worldwide had a negative net margin of 6.72% and a positive return on equity of 11.37%. Marriott Vacations Worldwide’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.66 EPS. As a group, sell-side analysts predict that Marriott Vacations Worldwide will post 7.32 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were paid a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $3.20 annualized dividend and a yield of 3.3%. Marriott Vacations Worldwide’s dividend payout ratio is -31.71%.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.