Marriott Vacations Worldwide Co. (NYSE:VAC) Receives $98.05 Average Price Target from Analysts

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) have earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $101.72.

A number of brokerages have recently issued reports on VAC. JMP Securities dropped their target price 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. Stifel Nicolaus cut their target price on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating on the stock in a research report on Friday, September 13th. Barclays lifted their price target on shares of Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a research note on Friday, November 8th. Mizuho increased their price objective on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group initiated coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, September 18th. They issued a “sell” rating and a $62.00 target price on the stock.

Marriott Vacations Worldwide Stock Performance

Marriott Vacations Worldwide stock opened at $91.27 on Thursday. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The firm’s fifty day moving average price is $78.08 and its 200 day moving average price is $82.36. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 0.84 and a beta of 1.79. Marriott Vacations Worldwide has a 12-month low of $67.28 and a 12-month high of $108.57.

Marriott Vacations Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were paid a dividend of $0.76 per share. The ex-dividend date was Thursday, September 19th. This represents a $3.04 annualized dividend and a yield of 3.33%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 57.90%.

Insiders Place Their Bets

In other news, insider Jason P. Marino purchased 700 shares of the stock in a transaction dated Wednesday, September 11th. The stock was acquired at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the transaction, the insider now owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. The trade was a 4.62 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Marriott Vacations Worldwide

Hedge funds have recently bought and sold shares of the company. Stifel Financial Corp increased its position in Marriott Vacations Worldwide by 3.4% in the 3rd quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock valued at $411,000 after acquiring an additional 184 shares during the period. Quantinno Capital Management LP grew its stake in shares of Marriott Vacations Worldwide by 15.2% in the third quarter. Quantinno Capital Management LP now owns 10,930 shares of the company’s stock worth $803,000 after purchasing an additional 1,444 shares in the last quarter. Quarry LP increased its holdings in shares of Marriott Vacations Worldwide by 81.6% during the third quarter. Quarry LP now owns 808 shares of the company’s stock valued at $59,000 after purchasing an additional 363 shares during the period. Readystate Asset Management LP raised its stake in shares of Marriott Vacations Worldwide by 72.3% during the third quarter. Readystate Asset Management LP now owns 7,958 shares of the company’s stock valued at $585,000 after purchasing an additional 3,340 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in Marriott Vacations Worldwide by 18.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after purchasing an additional 168,130 shares during the period. 89.52% of the stock is currently owned by institutional investors.

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.