Weekly Research Analysts’ Ratings Changes for Marriott Vacations Worldwide (VAC)

Marriott Vacations Worldwide (NYSE: VAC) recently received a number of ratings updates from brokerages and research firms:

• 7/19/2024 – Marriott Vacations Worldwide was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 7/19/2024 – Marriott Vacations Worldwide had its price target lowered by analysts at Truist Financial Co. from $161.00 to $159.00. They now have a “buy” rating on the stock.
• 7/18/2024 – Marriott Vacations Worldwide had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $115.00 price target on the stock.
• 7/11/2024 – Marriott Vacations Worldwide was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 6/14/2024 – Marriott Vacations Worldwide had its price target lowered by analysts at Mizuho from $128.00 to $126.00. They now have a “buy” rating on the stock.

Marriott Vacations Worldwide Price Performance

Shares of VAC traded down $0.85 during trading hours on Monday, hitting $84.61. 31,852 shares of the stock were exchanged, compared to its average volume of 482,389. The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.62 and a current ratio of 3.12. Marriott Vacations Worldwide Co. has a 12-month low of $72.78 and a 12-month high of $129.17. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 0.64 and a beta of 1.82. The stock’s 50-day moving average price is $87.50 and its two-hundred day moving average price is $91.87.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Monday, May 6th. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.66 by $0.14. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Marriott Vacations Worldwide had a return on equity of 11.77% and a net margin of 4.50%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.54 earnings per share. Research analysts expect that Marriott Vacations Worldwide Co. will post 7.6 earnings per share for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Wednesday, May 22nd. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 56.19%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its stake in Marriott Vacations Worldwide by 615.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock worth $31,000 after buying an additional 246 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in Marriott Vacations Worldwide during the first quarter worth $41,000. Fifth Third Bancorp lifted its stake in shares of Marriott Vacations Worldwide by 707.5% in the 1st quarter. Fifth Third Bancorp now owns 428 shares of the company’s stock valued at $46,000 after purchasing an additional 375 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Marriott Vacations Worldwide by 20.9% in the 4th quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock valued at $86,000 after purchasing an additional 175 shares during the last quarter. Finally, TFO Wealth Partners LLC lifted its stake in shares of Marriott Vacations Worldwide by 61,550.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,233 shares of the company’s stock valued at $105,000 after purchasing an additional 1,231 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

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.