ValuEngine upgraded shares of Marriott Vacations Worldwide (NYSE:VAC) from a sell rating to a hold rating in a report released on Friday morning.

A number of other brokerages also recently issued reports on VAC. Nomura set a $158.00 price objective on shares of Marriott Vacations Worldwide and gave the company a buy rating in a research report on Thursday, August 23rd. Wolfe Research began coverage on shares of Marriott Vacations Worldwide in a research report on Friday, June 8th. They set an outperform rating on the stock. Zacks Investment Research raised shares of Marriott Vacations Worldwide from a hold rating to a strong-buy rating and set a $134.00 price objective on the stock in a research report on Friday, July 27th. Stifel Nicolaus reduced their price objective on shares of Marriott Vacations Worldwide from $160.00 to $147.00 and set a buy rating on the stock in a research report on Wednesday, June 20th. Finally, Jefferies Financial Group began coverage on shares of Marriott Vacations Worldwide in a research report on Monday, July 16th. They set a buy rating and a $150.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Marriott Vacations Worldwide currently has a consensus rating of Buy and a consensus target price of $143.07.

Shares of Marriott Vacations Worldwide stock opened at $118.00 on Friday. The company has a current ratio of 6.99, a quick ratio of 5.17 and a debt-to-equity ratio of 1.25. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 1.64 and a beta of 1.38. Marriott Vacations Worldwide has a 12-month low of $107.17 and a 12-month high of $154.14.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Thursday, August 2nd. The company reported $1.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.84 by ($0.25). The company had revenue of $594.69 million for the quarter, compared to analysts’ expectations of $595.15 million. Marriott Vacations Worldwide had a net margin of 9.16% and a return on equity of 15.81%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 earnings per share. analysts forecast that Marriott Vacations Worldwide will post 7.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 4th. Stockholders of record on Thursday, September 20th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Wednesday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 27.68%.

In other Marriott Vacations Worldwide news, CEO Stephen P. Weisz bought 3,500 shares of the company’s stock in a transaction dated Thursday, June 28th. The shares were purchased at an average price of $108.43 per share, for a total transaction of $379,505.00. Following the acquisition, the chief executive officer now owns 180,017 shares in the company, valued at approximately $19,519,243.31. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in VAC. Wells Fargo & Company MN boosted its holdings in shares of Marriott Vacations Worldwide by 4.7% during the 1st quarter. Wells Fargo & Company MN now owns 54,707 shares of the company’s stock valued at $7,287,000 after buying an additional 2,456 shares in the last quarter. Mackay Shields LLC bought a new stake in shares of Marriott Vacations Worldwide during the 1st quarter valued at $786,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Marriott Vacations Worldwide by 6.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 159,410 shares of the company’s stock valued at $21,234,000 after buying an additional 10,249 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Marriott Vacations Worldwide during the 1st quarter valued at $559,000. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Marriott Vacations Worldwide by 6.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 15,901 shares of the company’s stock valued at $2,118,000 after buying an additional 936 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.

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Analyst Recommendations for Marriott Vacations Worldwide (NYSE:VAC)

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