Analysts Set Marriott Vacations Worldwide Co. (NYSE:VAC) PT at $108.00

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) have been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $105.67.

Several equities analysts have recently issued reports on the company. Morgan Stanley started coverage on Marriott Vacations Worldwide in a report on Monday. They issued an “underweight” rating and a $87.00 target price for the company. The Goldman Sachs Group lifted their target price on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Stifel Nicolaus boosted their price objective on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Truist Financial increased their target price on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Mizuho raised their price target on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th.

Marriott Vacations Worldwide Price Performance

VAC opened at $85.46 on Friday. Marriott Vacations Worldwide has a 1 year low of $67.28 and a 1 year high of $108.57. 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 company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 0.86 and a beta of 1.84. The firm’s fifty day moving average price is $91.66 and its two-hundred day moving average price is $82.37.

Marriott Vacations Worldwide Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Thursday, December 19th were issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Thursday, December 19th. This is a boost from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. This represents a $3.16 annualized dividend and a yield of 3.70%. Marriott Vacations Worldwide’s dividend payout ratio is currently 60.19%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of large investors have recently bought and sold shares of VAC. New South Capital Management Inc. grew its holdings in shares of Marriott Vacations Worldwide by 6.6% in the third quarter. New South Capital Management Inc. now owns 364,394 shares of the company’s stock worth $26,776,000 after purchasing an additional 22,672 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Marriott Vacations Worldwide by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock valued at $139,687,000 after acquiring an additional 207,938 shares during the period. AQR Capital Management LLC raised its stake in shares of Marriott Vacations Worldwide by 178.2% during the second quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock valued at $29,771,000 after acquiring an additional 227,465 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Marriott Vacations Worldwide by 36.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 27,094 shares of the company’s stock worth $1,991,000 after purchasing an additional 7,174 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Marriott Vacations Worldwide by 20.3% in the second quarter. Victory Capital Management Inc. now owns 763,835 shares of the company’s stock worth $66,698,000 after purchasing an additional 129,131 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

About Marriott Vacations Worldwide

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.