Marriott Vacations Worldwide (NYSE:VAC) Trading 4.3% Higher - Here's Why

Key Points

• Marriott Vacations Worldwide's shares rose 4.3% to $72.16, although trading volume declined by 80% compared to the average.
• Analyst ratings are mixed, with four "Buy," one "Hold," and two "Sell" ratings, highlighting a consensus target price of $92.67.
• The company reported $1.96 EPS for the last quarter, surpassing estimates, and expects to post 6.23 EPS for the current year.

Shares of Marriott Vacations Worldwide Corporation (NYSE:VAC - Get Free Report) traded up 4.3% during mid-day trading on Wednesday . The company traded as high as $71.73 and last traded at $72.16. 104,523 shares traded hands during trading, a decline of 80% from the average session volume of 524,222 shares. The stock had previously closed at $69.18.

Analyst Ratings Changes

VAC has been the topic of several recent analyst reports. Stifel Nicolaus set a $101.00 price target on Marriott Vacations Worldwide and gave the company a "buy" rating in a research report on Tuesday, August 5th. Morgan Stanley set a $70.00 target price on Marriott Vacations Worldwide in a research report on Wednesday. The Goldman Sachs Group upped their target price on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Marriott Vacations Worldwide in a research note on Wednesday, October 8th. Finally, Truist Financial decreased their price target on Marriott Vacations Worldwide from $128.00 to $127.00 and set a "buy" rating for the company in a research note on Thursday, August 21st. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $92.67.

Marriott Vacations Worldwide Price Performance

The stock has a 50-day simple moving average of $73.02 and a 200 day simple moving average of $69.84. The company has a debt-to-equity ratio of 2.17, a quick ratio of 2.90 and a current ratio of 3.55. The company has a market cap of $2.48 billion, a P/E ratio of 10.78, a P/E/G ratio of 0.98 and a beta of 1.46.

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

Marriott Vacations Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th were paid a $0.79 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $3.16 annualized dividend and a yield of 4.4%. Marriott Vacations Worldwide's dividend payout ratio is currently 47.52%.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Large investors have recently modified their holdings of the business. Ameritas Advisory Services LLC acquired a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter valued at $25,000. Hantz Financial Services Inc. increased its position in Marriott Vacations Worldwide by 627.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 393 shares of the company's stock valued at $28,000 after buying an additional 339 shares in the last quarter. Assetmark Inc. increased its position in Marriott Vacations Worldwide by 90.6% in the 2nd quarter. Assetmark Inc. now owns 427 shares of the company's stock valued at $31,000 after buying an additional 203 shares in the last quarter. Allworth Financial LP boosted its stake in Marriott Vacations Worldwide by 79.8% during the 2nd quarter. Allworth Financial LP now owns 473 shares of the company's stock valued at $34,000 after purchasing an additional 210 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Marriott Vacations Worldwide by 194.9% during the 2nd quarter. UMB Bank n.a. now owns 690 shares of the company's stock valued at $50,000 after purchasing an additional 456 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.