Brokerages Set Marriott Vacations Worldwide Co. (NYSE:VAC) Target Price at $94.38

Marriott Vacations Worldwide Co. (NYSE:VAC - Get Free Report) has been given an average rating of "Moderate Buy" by the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $92.25.

VAC has been the subject of a number of analyst reports. Morgan Stanley upgraded Marriott Vacations Worldwide from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $67.00 to $57.00 in a report on Tuesday, April 22nd. Stifel Nicolaus cut their price objective on shares of Marriott Vacations Worldwide from $112.00 to $108.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group upped their price objective on shares of Marriott Vacations Worldwide from $48.00 to $55.00 and gave the company a "sell" rating in a research report on Friday. Truist Financial cut their price target on Marriott Vacations Worldwide from $142.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Finally, Barclays lowered their price objective on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating for the company in a research note on Monday.

Insider Activity

In other Marriott Vacations Worldwide news, insider Stephanie Sobeck Butera purchased 650 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $71.66 per share, for a total transaction of $46,579.00. Following the acquisition, the insider now owns 8,770 shares of the company's stock, valued at $628,458.20. This trade represents a 8.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of institutional investors have recently modified their holdings of the company. Fifth Third Bancorp increased its position in 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 acquiring an additional 228 shares during the period. Investment Advisory Group LLC acquired a new stake in Marriott Vacations Worldwide during the first quarter valued at approximately $31,000. Blue Trust Inc. grew its stake in shares of Marriott Vacations Worldwide by 130.7% in the 4th quarter. Blue Trust Inc. now owns 533 shares of the company's stock valued at $48,000 after purchasing an additional 302 shares during the period. Brown Lisle Cummings Inc. acquired a new position in shares of Marriott Vacations Worldwide in the 4th quarter worth approximately $50,000. Finally, True Wealth Design LLC boosted its stake in 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 in the last quarter. Institutional investors own 89.52% of the company's stock.

Marriott Vacations Worldwide Trading Up 1.7%

Shares of VAC stock traded up $1.21 during mid-day trading on Thursday, hitting $71.14. 96,364 shares of the company's stock were exchanged, compared to its average volume of 447,815. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 0.67 and a beta of 1.42. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide has a fifty-two week low of $49.22 and a fifty-two week high of $102.39. The stock has a 50-day simple moving average of $60.56 and a two-hundred day simple moving average of $78.46.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.10. The company had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.21 billion. Marriott Vacations Worldwide had a net margin of 4.20% and a return on equity of 10.89%. The business's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.80 EPS. Equities analysts expect that Marriott Vacations Worldwide will post 6.23 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.44%. Marriott Vacations Worldwide's dividend payout ratio is currently 53.92%.

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.