Marriott Vacations Worldwide Co. (NYSE:VAC) Given Average Recommendation of “Moderate Buy” by Brokerages

Marriott Vacations Worldwide Co. (NYSE:VAC) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $98.13.

VAC has been the subject of several research analyst reports. Stifel Nicolaus lowered their price target on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Truist Financial dropped their target price on Marriott Vacations Worldwide from $142.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Morgan Stanley initiated coverage on Marriott Vacations Worldwide in a report on Monday, January 6th. They set an “underweight” rating and a $87.00 price target on the stock. Barclays dropped their price objective on shares of Marriott Vacations Worldwide from $116.00 to $97.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Finally, Mizuho boosted their target price on shares of Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th.

Insider Buying and Selling

In related news, insider Stephanie Sobeck Butera bought 650 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the transaction, the insider now directly owns 8,770 shares of the company’s stock, valued at approximately $628,458.20. The trade was a 8.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of VAC. True Wealth Design LLC grew its stake in shares of Marriott Vacations Worldwide by 35.2% in the 4th 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. grew its stake in Marriott Vacations Worldwide by 2.7% in the fourth quarter. Pacer Advisors Inc. now owns 6,404 shares of the company’s stock valued at $575,000 after acquiring an additional 166 shares during the period. Stifel Financial Corp grew its stake in Marriott Vacations Worldwide by 3.4% in the third quarter. Stifel Financial Corp now owns 5,596 shares of the company’s stock valued at $411,000 after acquiring an additional 184 shares during the period. Xponance Inc. increased its holdings in shares of Marriott Vacations Worldwide by 6.2% during the fourth quarter. Xponance Inc. now owns 3,809 shares of the company’s stock valued at $342,000 after acquiring an additional 221 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Marriott Vacations Worldwide by 136.5% during the first quarter. Fifth Third Bancorp now owns 395 shares of the company’s stock worth $25,000 after purchasing an additional 228 shares during the period. 89.52% of the stock is owned by institutional investors.

Marriott Vacations Worldwide Trading Up 0.8 %

Shares of VAC opened at $53.03 on Friday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.86 and a current ratio of 3.53. Marriott Vacations Worldwide has a 52-week low of $49.22 and a 52-week high of $103.51. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.67 and a beta of 1.66. The business’s fifty day moving average is $69.05 and its 200-day moving average is $80.53.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, February 26th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.51 by $0.35. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. Equities analysts anticipate that Marriott Vacations Worldwide will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend was Wednesday, March 5th. Marriott Vacations Worldwide’s dividend payout ratio is 56.23%.

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.