Marriott Vacations Worldwide Corporation (NYSE:VAC) Receives $63.38 Average Price Target from Analysts

Marriott Vacations Worldwide Corporation (NYSE:VAC) has been given an average rating of “Hold” by the nine brokerages that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $63.3750.

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Sunday, December 21st. Wells Fargo & Company assumed coverage on Marriott Vacations Worldwide in a research note on Tuesday, November 18th. They issued an “underweight” rating and a $37.00 price target on the stock. Barclays dropped their price target on Marriott Vacations Worldwide from $87.00 to $64.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Citizens Jmp decreased their price objective on Marriott Vacations Worldwide from $115.00 to $60.00 and set a “market outperform” 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 dropped their target price for the stock from $85.00 to $58.00 in a report on Tuesday, November 11th.

Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC opened at $58.31 on Friday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 3.22 and a current ratio of 3.87. The firm has a fifty day moving average of $57.42 and a 200 day moving average of $68.49. The firm has a market cap of $2.02 billion, a PE ratio of 13.07, a PEG ratio of 1.27 and a beta of 1.37. Marriott Vacations Worldwide has a one year low of $44.58 and a one year high of $92.19.

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

Marriott Vacations Worldwide Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 24th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $3.20 annualized dividend and a yield of 5.5%. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.79. Marriott Vacations Worldwide’s dividend payout ratio is currently 71.75%.

Insiders Place Their Bets

In related news, Director Dianna Morgan bought 500 shares of the stock in a transaction dated Friday, November 21st. The shares were acquired at an average cost of $51.22 per share, for a total transaction of $25,610.00. Following the acquisition, the director directly owned 23,094 shares in the company, valued at approximately $1,182,874.68. This trade represents a 2.21% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lizanne Galbreath purchased 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average cost of $46.51 per share, with a total value of $255,805.00. Following the acquisition, the director owned 25,714 shares of the company’s stock, valued at approximately $1,195,958.14. The trade was a 27.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 96,100 shares of company stock worth $4,566,692. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter worth about $27,971,000. Senvest Management LLC boosted its stake in Marriott Vacations Worldwide by 19.4% during the second quarter. Senvest Management LLC now owns 1,816,012 shares of the company’s stock worth $131,316,000 after buying an additional 294,937 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Marriott Vacations Worldwide by 71.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 635,977 shares of the company’s stock valued at $45,987,000 after acquiring an additional 265,278 shares during the last quarter. Capital World Investors acquired a new stake in shares of Marriott Vacations Worldwide during the third quarter valued at about $226,000. Finally, Geode Capital Management LLC raised its stake in shares of Marriott Vacations Worldwide by 37.4% in the 2nd quarter. Geode Capital Management LLC now owns 788,879 shares of the company’s stock valued at $57,051,000 after acquiring an additional 214,629 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, 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.