Marriott Vacations Worldwide (NYSE:VAC) PT Lowered to $126.00

Marriott Vacations Worldwide (NYSE:VAC) had its price objective decreased by Mizuho from $128.00 to $126.00 in a research note issued to investors on Friday, Benzinga reports. Mizuho currently has a buy rating on the stock.

VAC has been the topic of several other research reports. JMP Securities boosted their price objective on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a market outperform rating in a report on Monday, February 26th. JPMorgan Chase & Co. upped their price target on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a neutral rating in a report on Friday, February 23rd. Barclays lifted their price objective on Marriott Vacations Worldwide from $102.00 to $106.00 and gave the stock an equal weight rating in a report on Wednesday, May 8th. Stifel Nicolaus upped their target price on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a buy rating in a research note on Tuesday, May 7th. Finally, Truist Financial lifted their price target on shares of Marriott Vacations Worldwide from $159.00 to $161.00 and gave the stock a buy rating in a research note on Tuesday, May 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of Hold and an average price target of $112.22.

Marriott Vacations Worldwide Stock Up 1.9 %

VAC stock opened at $86.74 on Friday. Marriott Vacations Worldwide has a 52-week low of $72.78 and a 52-week high of $133.99. The company has a debt-to-equity ratio of 2.22, a current ratio of 3.12 and a quick ratio of 2.62. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 0.63 and a beta of 1.81. The company has a 50-day moving average of $95.77 and a two-hundred day moving average of $91.55.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Monday, May 6th. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.66 by $0.14. Marriott Vacations Worldwide had a return on equity of 11.77% and a net margin of 4.50%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business posted $2.54 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities research analysts anticipate that Marriott Vacations Worldwide will post 7.65 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd were issued a dividend of $0.76 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.50%. Marriott Vacations Worldwide’s payout ratio is presently 56.19%.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several large investors have recently made changes to their positions in VAC. Verity Asset Management Inc. raised its stake in shares of Marriott Vacations Worldwide by 110.0% in the first quarter. Verity Asset Management Inc. now owns 6,378 shares of the company’s stock valued at $687,000 after acquiring an additional 3,341 shares during the last quarter. EMC Capital Management acquired a new position in Marriott Vacations Worldwide in the first quarter worth $144,000. Comerica Bank grew its holdings in shares of Marriott Vacations Worldwide by 50.1% during the first quarter. Comerica Bank now owns 43,401 shares of the company’s stock worth $4,676,000 after purchasing an additional 14,482 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Marriott Vacations Worldwide in the first quarter valued at $244,000. Finally, Kennedy Capital Management LLC raised its holdings in shares of Marriott Vacations Worldwide by 15.3% in the first quarter. Kennedy Capital Management LLC now owns 238,280 shares of the company’s stock valued at $25,670,000 after buying an additional 31,637 shares during the last quarter. Institutional investors own 89.52% of the company’s stock.

Marriott Vacations Worldwide Company Profile

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.