Marriott Vacations Worldwide Co. (NYSE:VAC) Given Average Rating of "Hold" by Brokerages

Marriott Vacations Worldwide Co. (NYSE:VAC - Get Free Report) has received an average recommendation of "Hold" from the seven research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $109.71.

Several research firms recently issued reports on VAC. JMP Securities increased their target price on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a "market outperform" rating in a research note on Monday, February 26th. Barclays increased their target price on Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an "equal weight" rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. upped their price target on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a "neutral" rating in a report on Friday, February 23rd. Truist Financial lifted their price objective on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a "buy" rating in a research note on Tuesday, March 5th. Finally, Mizuho assumed coverage on Marriott Vacations Worldwide in a research note on Tuesday, March 26th. They issued a "buy" rating and a $128.00 price objective for the company.

Marriott Vacations Worldwide Trading Up 0.1 %

Shares of Marriott Vacations Worldwide stock traded up $0.11 during trading hours on Wednesday, hitting $103.96. The company's stock had a trading volume of 701,517 shares, compared to its average volume of 548,903. Marriott Vacations Worldwide has a twelve month low of $72.78 and a twelve month high of $140.30. The firm has a fifty day moving average of $93.10 and a 200-day moving average of $88.98. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 16.63 and a beta of 1.85. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.64 and a current ratio of 3.15.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.08. Marriott Vacations Worldwide had a return on equity of 13.21% and a net margin of 5.37%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company earned $2.74 EPS. Marriott Vacations Worldwide's revenue was up .5% on a year-over-year basis. Research analysts forecast that Marriott Vacations Worldwide will post 7.81 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders 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 2.92%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is presently 48.64%.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Marriott Vacations Worldwide by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 3,711,264 shares of the company's stock worth $585,266,000 after acquiring an additional 18,944 shares in the last quarter. Senvest Management LLC increased its position in Marriott Vacations Worldwide by 5.9% during the third quarter. Senvest Management LLC now owns 2,100,786 shares of the company's stock worth $211,402,000 after buying an additional 116,823 shares during the period. Dimensional Fund Advisors LP increased its position in Marriott Vacations Worldwide by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,387,206 shares of the company's stock worth $117,763,000 after buying an additional 66,362 shares during the period. Burgundy Asset Management Ltd. increased its position in Marriott Vacations Worldwide by 55.0% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,064,068 shares of the company's stock worth $90,329,000 after buying an additional 377,766 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its position in Marriott Vacations Worldwide by 0.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,033,837 shares of the company's stock worth $139,145,000 after buying an additional 5,879 shares during the period. 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.