Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) have been assigned an average rating of "Buy" from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $193.57.
VAC has been the topic of several research analyst reports. TheStreet downgraded Marriott Vacations Worldwide from a "b-" rating to a "c+" rating in a research note on Monday, December 20th. Jefferies Financial Group lowered their target price on Marriott Vacations Worldwide from $200.00 to $190.00 and set a "buy" rating on the stock in a research note on Tuesday, September 28th. Deutsche Bank Aktiengesellschaft upped their target price on Marriott Vacations Worldwide from $203.00 to $208.00 and gave the stock a "buy" rating in a research note on Wednesday, November 10th. Truist upped their target price on Marriott Vacations Worldwide from $198.00 to $201.00 and gave the stock a "buy" rating in a research note on Tuesday, November 16th. Finally, Truist Securities upped their target price on Marriott Vacations Worldwide from $198.00 to $201.00 and gave the stock a "buy" rating in a research note on Tuesday, November 16th.
Shares of VAC stock opened at $168.57 on Thursday. Marriott Vacations Worldwide has a 1-year low of $121.89 and a 1-year high of $190.97. The stock's fifty day moving average price is $162.51 and its 200 day moving average price is $156.79. The company has a debt-to-equity ratio of 1.46, a current ratio of 3.05 and a quick ratio of 2.46. The company has a market cap of $7.18 billion, a price-to-earnings ratio of -142.85 and a beta of 2.34.
Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Sunday, November 7th. The company reported $1.60 earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of $1.60. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.07 billion. Marriott Vacations Worldwide had a positive return on equity of 2.94% and a negative net margin of 1.39%. The company's quarterly revenue was up 62.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.81) EPS. As a group, equities research analysts anticipate that Marriott Vacations Worldwide will post 4.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 6th. Investors of record on Thursday, December 23rd will be issued a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, December 22nd. This represents a $2.16 dividend on an annualized basis and a yield of 1.28%. Marriott Vacations Worldwide's payout ratio is -183.05%.
In related news, President John E. Geller, Jr. sold 2,500 shares of the stock in a transaction that occurred on Tuesday, December 28th. The stock was sold at an average price of $170.00, for a total value of $425,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Dwight D. Smith sold 893 shares of the stock in a transaction that occurred on Thursday, December 16th. The shares were sold at an average price of $150.20, for a total value of $134,128.60. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of VAC. Farmers & Merchants Investments Inc. grew its position in Marriott Vacations Worldwide by 78.3% in the third quarter. Farmers & Merchants Investments Inc. now owns 164 shares of the company's stock worth $26,000 after acquiring an additional 72 shares during the period. Carderock Capital Management Inc. purchased a new position in Marriott Vacations Worldwide in the third quarter worth approximately $27,000. Berman Capital Advisors LLC grew its position in Marriott Vacations Worldwide by 7,966.7% in the third quarter. Berman Capital Advisors LLC now owns 242 shares of the company's stock worth $38,000 after acquiring an additional 239 shares during the period. Liberty Wealth Management LLC grew its position in Marriott Vacations Worldwide by 16,129.3% in the second quarter. Liberty Wealth Management LLC now owns 6,654 shares of the company's stock worth $42,000 after acquiring an additional 6,613 shares during the period. Finally, Maverick Capital Ltd. purchased a new position in Marriott Vacations Worldwide in the second quarter worth approximately $44,000. 79.82% of the stock is owned by hedge funds and other institutional investors.
About Marriott Vacations Worldwide
Marriott Vacations Worldwide Corp. is a global vacation company, which engages in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through Vacation Ownership and Exchange & Third-Party Management. The Vacation Ownership segment includes develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, and Hyatt Residence Club brands.
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