Marriott Vacations Worldwide (NYSE:VAC) Price Target Increased to $106.00 by Analysts at Barclays

Marriott Vacations Worldwide (NYSE:VAC - Free Report) had its price objective lifted by Barclays from $102.00 to $106.00 in a report released on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also recently weighed in on VAC. Truist Financial upped their price target on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a buy rating in a research note on Tuesday, March 5th. Stifel Nicolaus increased their price target on shares of Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a buy rating in a research note on Tuesday. Mizuho initiated coverage on shares of Marriott Vacations Worldwide in a research note on Tuesday, March 26th. They set a buy rating and a $128.00 price objective on the stock. JMP Securities raised their target price on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a market outperform rating in a research note on Monday, February 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a neutral rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of Hold and an average target price of $111.13.

Marriott Vacations Worldwide Trading Down 2.6 %

Shares of VAC traded down $2.59 during trading hours on Wednesday, reaching $96.56. 806,330 shares of the company traded hands, compared to its average volume of 521,022. Marriott Vacations Worldwide has a 12 month low of $72.78 and a 12 month high of $134.09. The company has a quick ratio of 2.64, a current ratio of 3.15 and a debt-to-equity ratio of 2.16. The company's fifty day moving average price is $99.02 and its two-hundred day moving average price is $89.39. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 15.45 and a beta of 1.85.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.14. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The business had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the previous year, the firm posted $2.54 EPS. The business's revenue was up 2.2% on a year-over-year basis. Equities research analysts predict that Marriott Vacations Worldwide will post 7.8 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 48.64%.

Institutional Trading of Marriott Vacations Worldwide

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its stake in shares of Marriott Vacations Worldwide by 194.1% in the third quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company's stock worth $25,000 after acquiring an additional 165 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Marriott Vacations Worldwide by 615.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company's stock worth $31,000 after purchasing an additional 246 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Marriott Vacations Worldwide in the 1st quarter worth approximately $41,000. Fifth Third Bancorp raised its stake in Marriott Vacations Worldwide by 707.5% during the 1st quarter. Fifth Third Bancorp now owns 428 shares of the company's stock valued at $46,000 after buying an additional 375 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in Marriott Vacations Worldwide by 20.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company's stock valued at $86,000 after buying an additional 175 shares during the last quarter. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

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.