Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands. It also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand. In addition, the company offers exchange networks and membership programs, as well as provision of management services to other resorts and lodging properties through various brands, including Interval International, Trading Places International, Vacation Resorts International, and Aqua-Aston. As of December 31, 2021, the company operated approximately 120 properties in the United States and thirteen other countries and territories. The company sells its upscale tier vacation ownership products primarily through a network of resort-based sales centers and off-site sales locations. Marriott Vacations Worldwide Corporation was founded in 1984 and is headquartered in Orlando, Florida.
Marriott Vacations Worldwide Stock Up 0.5 %
VAC traded up $0.75 during trading on Monday, reaching $150.43. 304,415 shares of the stock traded hands, compared to its average volume of 401,918. The company has a debt-to-equity ratio of 1.67, a current ratio of 3.25 and a quick ratio of 2.63. Marriott Vacations Worldwide has a fifty-two week low of $110.08 and a fifty-two week high of $174.74. The stock's 50-day simple moving average is $128.99 and its two-hundred day simple moving average is $144.24. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 25.85 and a beta of 2.15.
Marriott Vacations Worldwide (NYSE:VAC - Get Rating) last released its quarterly earnings data on Monday, August 8th. The company reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.59. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. Marriott Vacations Worldwide had a return on equity of 13.32% and a net margin of 6.07%. The firm's revenue was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. As a group, equities research analysts expect that Marriott Vacations Worldwide will post 10.18 EPS for the current year.
Analysts Set New Price Targets
VAC has been the subject of several research analyst reports. TheStreet upgraded shares of Marriott Vacations Worldwide from a "c" rating to a "b-" rating in a research report on Tuesday, August 9th. Barclays raised their target price on Marriott Vacations Worldwide from $136.00 to $165.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 10th. StockNews.com raised Marriott Vacations Worldwide from a "hold" rating to a "buy" rating in a research report on Wednesday, August 10th. Truist Financial reduced their price objective on Marriott Vacations Worldwide from $205.00 to $202.00 and set a "buy" rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Marriott Vacations Worldwide from $188.00 to $192.00 in a research note on Wednesday, August 10th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $193.80.
Insider Activity
In related news, VP Dwight D. Smith sold 2,700 shares of the company's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $148.00, for a total value of $399,600.00. Following the completion of the sale, the vice president now directly owns 17,112 shares in the company, valued at $2,532,576. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by insiders.