Stifel Nicolaus Issues Positive Forecast for Marriott Vacations Worldwide (NYSE:VAC) Stock Price

Marriott Vacations Worldwide (NYSE:VAC) had its target price hoisted by Stifel Nicolaus from $102.00 to $112.00 in a research note released on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group started coverage on shares of Marriott Vacations Worldwide in a report on Wednesday, September 18th. They set a “sell” rating and a $62.00 price objective for the company. Barclays increased their price objective on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the company an “equal weight” rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft dropped their target price on Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Mizuho lifted their price target on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, StockNews.com raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Marriott Vacations Worldwide presently has an average rating of “Hold” and a consensus price target of $101.56.

Marriott Vacations Worldwide Trading Up 2.5 %

Shares of VAC opened at $99.26 on Tuesday. Marriott Vacations Worldwide has a 1-year low of $67.28 and a 1-year high of $108.57. The company has a market capitalization of $3.47 billion, a P/E ratio of 18.90, a P/E/G ratio of 0.88 and a beta of 1.79. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86. The firm’s 50 day simple moving average is $82.05 and its 200 day simple moving average is $82.22.

Marriott Vacations Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Thursday, September 19th. Marriott Vacations Worldwide’s payout ratio is currently 57.90%.

Insiders Place Their Bets

In other news, insider Jason P. Marino purchased 700 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average cost of $69.00 per share, with a total value of $48,300.00. Following the completion of the purchase, the insider now directly owns 15,851 shares in the company, valued at approximately $1,093,719. This trade represents a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Marriott Vacations Worldwide by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock valued at $139,687,000 after purchasing an additional 207,938 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Marriott Vacations Worldwide by 18.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after acquiring an additional 168,130 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Marriott Vacations Worldwide by 0.5% in the third quarter. Victory Capital Management Inc. now owns 767,818 shares of the company’s stock worth $56,419,000 after acquiring an additional 3,983 shares during the last quarter. Van Berkom & Associates Inc. increased its holdings in shares of Marriott Vacations Worldwide by 19.1% during the second quarter. Van Berkom & Associates Inc. now owns 722,164 shares of the company’s stock valued at $63,059,000 after acquiring an additional 115,993 shares in the last quarter. Finally, New South Capital Management Inc. raised its position in shares of Marriott Vacations Worldwide by 6.6% in the 3rd quarter. New South Capital Management Inc. now owns 364,394 shares of the company’s stock worth $26,776,000 after purchasing an additional 22,672 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.