Marriott Vacations Worldwide (NYSE:VAC) Hits New 52-Week High After Earnings Beat

Marriott Vacations Worldwide Corporation (NYSE:VAC)’s share price hit a new 52-week high on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $108.00 and last traded at $111.2850, with a volume of 1726 shares trading hands. The stock had previously closed at $101.74.

The company reported $2.31 EPS for the quarter, topping the consensus estimate of $1.97 by $0.34. Marriott Vacations Worldwide had a negative net margin of 6.72% and a positive return on equity of 11.37%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm posted $1.96 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were issued a dividend of $0.80 per share. The ex-dividend date was Wednesday, May 27th. This represents a $3.20 annualized dividend and a yield of 2.9%. Marriott Vacations Worldwide’s dividend payout ratio is -31.71%.

Wall Street Analysts Forecast Growth

VAC has been the subject of a number of recent analyst reports. Barclays raised their price objective on shares of Marriott Vacations Worldwide from $80.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Morgan Stanley boosted their price objective on shares of Marriott Vacations Worldwide from $51.00 to $52.00 and gave the stock an “underweight” rating in a research report on Friday, July 17th. Zacks Research cut shares of Marriott Vacations Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Marriott Vacations Worldwide in a report on Friday, June 12th. Finally, Mizuho set a $103.00 price target on Marriott Vacations Worldwide in a research report on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Marriott Vacations Worldwide presently has an average rating of “Hold” and an average price target of $86.70.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several hedge funds have recently modified their holdings of VAC. Capital World Investors purchased a new stake in Marriott Vacations Worldwide in the third quarter valued at approximately $226,000. Vanguard Group Inc. raised its stake in Marriott Vacations Worldwide by 7.4% during the fourth quarter. Vanguard Group Inc. now owns 3,392,787 shares of the company’s stock worth $195,730,000 after purchasing an additional 234,105 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in Marriott Vacations Worldwide during the fourth quarter worth approximately $12,633,000. AQR Capital Management LLC boosted its holdings in shares of Marriott Vacations Worldwide by 157.8% in the 4th quarter. AQR Capital Management LLC now owns 351,552 shares of the company’s stock valued at $20,281,000 after purchasing an additional 215,202 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Marriott Vacations Worldwide by 41.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 399,668 shares of the company’s stock valued at $23,057,000 after buying an additional 117,030 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Trading Up 7.5%

The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.77 and a current ratio of 3.30. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of -10.94, a P/E/G ratio of 2.23 and a beta of 1.23. The business has a fifty day moving average price of $96.12 and a 200 day moving average price of $76.73.

About Marriott Vacations Worldwide

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.