Marriott Vacations Worldwide (NYSE:VAC) Price Target Raised to $121.00 at Deutsche Bank Aktiengesellschaft

Marriott Vacations Worldwide (NYSE:VAC - Free Report) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $116.00 to $121.00 in a research report released on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. Stifel Nicolaus increased their target price on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a buy rating in a research report on Tuesday. Barclays increased their target price on Marriott Vacations Worldwide from $102.00 to $106.00 and gave the stock an equal weight rating in a research report on Wednesday. Mizuho assumed coverage on Marriott Vacations Worldwide in a research report on Tuesday, March 26th. They issued a buy rating and a $128.00 target price for the company. JPMorgan Chase & Co. increased their target price on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a neutral rating in a research report on Friday, February 23rd. Finally, Truist Financial raised their price objective on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a buy rating in a research report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $112.22.

Marriott Vacations Worldwide Trading Up 3.0 %

NYSE VAC traded up $2.87 on Thursday, hitting $99.37. The company's stock had a trading volume of 439,615 shares, compared to its average volume of 520,287. Marriott Vacations Worldwide has a 52-week low of $72.78 and a 52-week high of $134.09. The company has a current ratio of 3.15, a quick ratio of 2.64 and a debt-to-equity ratio of 2.16. The company's 50-day simple moving average is $99.02 and its 200 day simple moving average is $89.39. The firm has a market cap of $3.50 billion, a P/E ratio of 15.66 and a beta of 1.85.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last released its quarterly earnings data on Monday, May 6th. The company reported $1.80 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the business posted $2.54 EPS. The business's revenue was up 2.2% on a year-over-year basis. Research analysts predict that Marriott Vacations Worldwide will post 7.8 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide's payout ratio is 48.64%.

Institutional Trading of Marriott Vacations Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of VAC. Inspire Investing LLC boosted its stake in shares of Marriott Vacations Worldwide by 19.1% in the 3rd quarter. Inspire Investing LLC now owns 3,053 shares of the company's stock worth $307,000 after buying an additional 490 shares during the last quarter. ING Groep NV purchased a new position in Marriott Vacations Worldwide during the third quarter valued at $1,157,000. Allspring Global Investments Holdings LLC lifted its position in Marriott Vacations Worldwide by 1,075.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,763 shares of the company's stock valued at $278,000 after purchasing an additional 2,528 shares in the last quarter. Malaga Cove Capital LLC purchased a new position in Marriott Vacations Worldwide during the third quarter valued at $224,000. Finally, Coldstream Capital Management Inc. lifted its position in Marriott Vacations Worldwide by 12.0% during the third quarter. Coldstream Capital Management Inc. now owns 2,563 shares of the company's stock valued at $258,000 after purchasing an additional 274 shares in the last quarter. Institutional investors 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.