Brokerages Set Marriott Vacations Worldwide Corporation (NYSE:VAC) Target Price at $90.50

Key Points

• Marriott Vacations Worldwide Corporation (NYSE:VAC) has an average target price of $90.50 from brokers, with a consensus rating of "Hold"—four analysts rated it "buy" and two rated it "sell."
• The company recently reported earnings of $1.96 per share, exceeding expectations, along with a revenue of $1.25 billion, indicating a 9.3% year-over-year increase.
• Marriott Vacations Worldwide announced a quarterly dividend of $0.79, which reflects a 4.0% yield and a payout ratio of approximately 47.52%.

Marriott Vacations Worldwide Corporation (NYSE:VAC - Get Free Report) has earned an average recommendation of "Hold" from the six research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $90.50.

Several brokerages have recently issued reports on VAC. Stifel Nicolaus set a $101.00 target price on Marriott Vacations Worldwide and gave the stock a "buy" rating in a report on Tuesday, August 5th. Morgan Stanley reaffirmed an "underweight" rating on shares of Marriott Vacations Worldwide in a report on Tuesday, July 15th. The Goldman Sachs Group lifted their target price on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. Finally, Truist Financial reduced their target price on Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday, August 21st.

Marriott Vacations Worldwide Price Performance

Marriott Vacations Worldwide stock traded down $2.32 during mid-day trading on Wednesday, hitting $77.13. The stock had a trading volume of 305,775 shares, compared to its average volume of 537,306. The firm has a market capitalization of $2.67 billion, a P/E ratio of 11.60, a P/E/G ratio of 1.11 and a beta of 1.48. The company has a current ratio of 3.55, a quick ratio of 2.90 and a debt-to-equity ratio of 2.17. The firm's 50 day moving average is $78.02 and its 200 day moving average is $69.66. Marriott Vacations Worldwide has a one year low of $49.22 and a one year high of $100.32.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.24. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.22 billion. Marriott Vacations Worldwide had a return on equity of 11.74% and a net margin of 5.10%.The firm's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $1.10 EPS. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. On average, sell-side analysts forecast that Marriott Vacations Worldwide will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 17th. Marriott Vacations Worldwide's payout ratio is presently 47.52%.

Insider Transactions at Marriott Vacations Worldwide

In other news, Director Christian Asmar acquired 337,551 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was acquired at an average price of $68.11 per share, with a total value of $22,990,598.61. Following the completion of the purchase, the director directly owned 4,045,984 shares in the company, valued at approximately $275,571,970.24. This trade represents a 9.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of hedge funds and other institutional investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. bought a new position in shares of Marriott Vacations Worldwide during the second quarter valued at approximately $407,000. Nomura Holdings Inc. bought a new position in shares of Marriott Vacations Worldwide during the second quarter valued at approximately $8,605,000. Evergreen Capital Management LLC bought a new position in shares of Marriott Vacations Worldwide during the second quarter valued at approximately $344,000. Tower Research Capital LLC TRC boosted its stake in shares of Marriott Vacations Worldwide by 83.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,140 shares of the company's stock valued at $227,000 after purchasing an additional 1,426 shares in the last quarter. Finally, Corient Private Wealth LLC bought a new position in shares of Marriott Vacations Worldwide during the second quarter valued at approximately $259,000. 89.52% of the stock is currently owned by 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.