Analysts Set Marriott Vacations Worldwide Co. (NYSE:VAC) Target Price at $112.22

Shares of Marriott Vacations Worldwide Co. (NYSE:VAC) have been assigned an average rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $112.22.

VAC has been the topic of a number of recent analyst reports. JMP Securities increased their price target 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. Deutsche Bank Aktiengesellschaft upped their price target on Marriott Vacations Worldwide from $116.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. lifted their price objective on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Mizuho initiated coverage on shares of Marriott Vacations Worldwide in a research report on Tuesday, March 26th. They set a “buy” rating and a $128.00 price target on the stock. Finally, Stifel Nicolaus lifted their target price on shares of Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a “buy” rating in a report on Tuesday, May 7th.

Institutional Trading of Marriott Vacations Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the company. Retirement Systems of Alabama raised its holdings in Marriott Vacations Worldwide by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 41,478 shares of the company’s stock worth $4,468,000 after buying an additional 109 shares during the period. Diversified Trust Co grew its position in Marriott Vacations Worldwide by 3.0% in the first quarter. Diversified Trust Co now owns 3,833 shares of the company’s stock worth $413,000 after acquiring an additional 112 shares in the last quarter. Covestor Ltd increased its stake in shares of Marriott Vacations Worldwide by 10.5% during the 1st quarter. Covestor Ltd now owns 1,670 shares of the company’s stock worth $180,000 after purchasing an additional 159 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Marriott Vacations Worldwide by 194.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 250 shares of the company’s stock valued at $25,000 after purchasing an additional 165 shares during the last quarter. Finally, Westpac Banking Corp raised its holdings in Marriott Vacations Worldwide by 2.1% during the fourth quarter. Westpac Banking Corp now owns 7,919 shares of the company’s stock valued at $672,000 after buying an additional 165 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Stock Up 3.3 %

VAC stock opened at $93.24 on Thursday. The company has a market cap of $3.28 billion, a P/E ratio of 17.23, a P/E/G ratio of 0.66 and a beta of 1.85. The company has a current ratio of 3.12, a quick ratio of 2.62 and a debt-to-equity ratio of 2.22. The company’s 50-day moving average price is $99.62 and its 200 day moving average price is $90.28. Marriott Vacations Worldwide has a 52 week low of $72.78 and a 52 week high of $134.09.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Monday, May 6th. The company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.14. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Marriott Vacations Worldwide had a return on equity of 11.77% and a net margin of 4.50%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $2.54 earnings per share. On average, research analysts expect that Marriott Vacations Worldwide will post 7.72 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $3.04 dividend on an annualized basis and a yield of 3.26%. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.19%.

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.