Marriott Vacations Worldwide (NYSE:VAC) Downgraded by StockNews.com

StockNews.com lowered shares of Marriott Vacations Worldwide (NYSE:VAC) from a hold rating to a sell rating in a report released on Friday morning.

Several other analysts have also recently commented on the company. Truist Financial increased their target price on Marriott Vacations Worldwide from $159.00 to $161.00 and gave the stock a buy rating in a report on Tuesday, May 28th. JMP Securities restated a market outperform rating and set a $115.00 target price on shares of Marriott Vacations Worldwide in a report on Thursday. Mizuho decreased their target price on Marriott Vacations Worldwide from $128.00 to $126.00 and set a buy rating on the stock in a report on Friday, June 14th. Barclays increased their target price 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. Finally, Stifel Nicolaus increased their target price on Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a buy rating in a report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $112.00.

Marriott Vacations Worldwide Stock Performance

Marriott Vacations Worldwide stock opened at $88.34 on Friday. 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 fifty day moving average price of $88.91 and a two-hundred day moving average price of $91.91. Marriott Vacations Worldwide has a 52-week low of $72.78 and a 52-week high of $133.92. The firm has a market capitalization of $3.11 billion, a P/E ratio of 16.33, a P/E/G ratio of 0.65 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Monday, May 6th. The company reported $1.80 earnings per share (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 firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the prior year, the company posted $2.54 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, analysts anticipate that Marriott Vacations Worldwide will post 7.62 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.44%. The ex-dividend date was Wednesday, May 22nd. Marriott Vacations Worldwide’s dividend payout ratio is 56.19%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in Marriott Vacations Worldwide by 81.6% during the fourth quarter. Nordea Investment Management AB now owns 32,586 shares of the company’s stock worth $2,775,000 after buying an additional 14,646 shares during the last quarter. SG Americas Securities LLC bought a new position in Marriott Vacations Worldwide during the fourth quarter worth about $212,000. Pacer Advisors Inc. boosted its holdings in Marriott Vacations Worldwide by 75.7% during the fourth quarter. Pacer Advisors Inc. now owns 4,954 shares of the company’s stock worth $421,000 after buying an additional 2,135 shares during the last quarter. Altfest L J & Co. Inc. bought a new position in Marriott Vacations Worldwide during the fourth quarter worth about $391,000. Finally, Manning & Napier Group LLC boosted its holdings in Marriott Vacations Worldwide by 70.4% during the fourth quarter. Manning & Napier Group LLC now owns 44,167 shares of the company’s stock worth $3,749,000 after buying an additional 18,255 shares during the last quarter. Institutional investors 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.