Marriott Vacations Worldwide (NYSE:VAC) Trading 16% Higher Following Better-Than-Expected Earnings

Marriott Vacations Worldwide Co. (NYSE:VAC)’s share price traded up 16% during trading on Thursday following a stronger than expected earnings report. The company traded as high as $99.68 and last traded at $98.39. 245,724 shares changed hands during trading, a decline of 46% from the average session volume of 457,763 shares. The stock had previously closed at $84.79.

The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.53 by $0.27. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Marriott Vacations Worldwide had a return on equity of 9.89% and a net margin of 3.41%.

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were paid a $0.76 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a yield of 3.06%. Marriott Vacations Worldwide’s payout ratio is currently 72.04%.

Analyst Ratings Changes

VAC has been the topic of a number of recent research reports. Barclays decreased their price objective on Marriott Vacations Worldwide from $82.00 to $74.00 and set an “equal weight” rating on the stock in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft dropped their price objective on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. StockNews.com downgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. Stifel Nicolaus dropped their target price on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a research report on Friday, September 13th. Finally, JMP Securities cut their price target on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating for the company in a report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Marriott Vacations Worldwide currently has an average rating of “Hold” and an average target price of $96.65.

Insider Buying and Selling at Marriott Vacations Worldwide

In related news, insider Jason P. Marino acquired 700 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the transaction, the insider now directly owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC bought a new stake in Marriott Vacations Worldwide in the first quarter valued at about $578,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Marriott Vacations Worldwide by 615.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock valued at $31,000 after buying an additional 246 shares during the period. Fidelis Capital Partners LLC acquired a new stake in Marriott Vacations Worldwide during the 1st quarter worth $41,000. Texas Permanent School Fund Corp grew its stake in Marriott Vacations Worldwide by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 28,862 shares of the company’s stock valued at $3,109,000 after acquiring an additional 393 shares during the period. Finally, Capital Square LLC bought a new stake in shares of Marriott Vacations Worldwide in the first quarter worth about $281,000. 89.52% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Price Performance

The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.21. The company has a fifty day moving average price of $75.19 and a two-hundred day moving average price of $82.67. The firm has a market cap of $3.48 billion, a P/E ratio of 22.63, a PEG ratio of 0.73 and a beta of 1.79.

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.