Analysts Set Marriott Vacations Worldwide Co. (NYSE:VAC) Target Price at $105.67

Marriott Vacations Worldwide Co. (NYSE:VAC) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $105.88.

VAC has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on shares of Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group lifted their price objective on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. Truist Financial upped their target price on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley started coverage on shares of Marriott Vacations Worldwide in a research report on Monday, January 6th. They set an “underweight” rating and a $87.00 price target on the stock. Finally, Mizuho raised their price objective on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday.

Marriott Vacations Worldwide Stock Performance

Shares of Marriott Vacations Worldwide stock opened at $85.38 on Friday. Marriott Vacations Worldwide has a 12 month low of $67.28 and a 12 month high of $108.57. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. The company has a market capitalization of $2.98 billion, a PE ratio of 16.26, a PEG ratio of 0.67 and a beta of 1.83. The stock’s fifty day simple moving average is $86.87 and its 200 day simple moving average is $83.05.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.35. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. On average, research analysts predict that Marriott Vacations Worldwide will post 6.23 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.79 per share. The ex-dividend date is Wednesday, March 5th. This represents a $3.16 annualized dividend and a yield of 3.70%. Marriott Vacations Worldwide’s payout ratio is 60.19%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the company. Verity Asset Management Inc. increased its stake in Marriott Vacations Worldwide by 3.1% in the third quarter. Verity Asset Management Inc. now owns 4,303 shares of the company’s stock valued at $316,000 after purchasing an additional 131 shares in the last quarter. True Wealth Design LLC grew its position in Marriott Vacations Worldwide by 35.2% during the fourth quarter. True Wealth Design LLC now owns 595 shares of the company’s stock valued at $53,000 after buying an additional 155 shares during the period. Pacer Advisors Inc. increased its stake in shares of Marriott Vacations Worldwide by 2.7% during the 4th quarter. Pacer Advisors Inc. now owns 6,404 shares of the company’s stock worth $575,000 after purchasing an additional 166 shares during the last quarter. Stifel Financial Corp increased its position in Marriott Vacations Worldwide by 3.4% in the third quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock worth $411,000 after buying an additional 184 shares during the last quarter. Finally, Xponance Inc. raised its stake in Marriott Vacations Worldwide by 6.2% in the 4th quarter. Xponance Inc. now owns 3,809 shares of the company’s stock valued at $342,000 after acquiring an additional 221 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.