Marriott Vacations Worldwide Co. (NYSE:VAC) Receives Average Rating of “Hold” from Brokerages

Marriott Vacations Worldwide Co. (NYSE:VAC) has been given an average rating of “Hold” by the nine research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $102.67.

VAC has been the topic of a number of recent analyst reports. Barclays reduced their price target on shares of Marriott Vacations Worldwide from $106.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Stifel Nicolaus reduced their target price on Marriott Vacations Worldwide from $117.00 to $108.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft dropped their price target on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Truist Financial reduced their price objective on Marriott Vacations Worldwide from $161.00 to $159.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. Finally, StockNews.com lowered Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, July 19th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its holdings in Marriott Vacations Worldwide by 615.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock valued at $31,000 after buying an additional 246 shares during the period. Quarry LP lifted its stake in shares of Marriott Vacations Worldwide by 368.4% in the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after purchasing an additional 350 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Marriott Vacations Worldwide in the 1st quarter valued at $41,000. Fifth Third Bancorp boosted its position 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 worth $46,000 after purchasing an additional 375 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Marriott Vacations Worldwide by 20.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock worth $86,000 after purchasing an additional 175 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Trading Down 2.0 %

VAC stock opened at $71.68 on Friday. Marriott Vacations Worldwide has a 1-year low of $68.34 and a 1-year high of $108.57. The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.21. The business’s 50 day moving average is $78.56 and its 200-day moving average is $89.50. The firm has a market cap of $2.52 billion, a P/E ratio of 13.25, a P/E/G ratio of 0.68 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.89). Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the company earned $2.19 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. Equities analysts anticipate that Marriott Vacations Worldwide will post 6.16 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 19th will be given a $0.76 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a yield of 4.24%. Marriott Vacations Worldwide’s payout ratio is 56.19%.

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.