Shares of Marriott Vacations Worldwide Corp (NYSE:VAC) have been given an average recommendation of “Buy” by the eight analysts that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $125.80.
Several research firms recently weighed in on VAC. ValuEngine upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Deutsche Bank restated a “hold” rating and set a $107.00 price target on shares of Marriott Vacations Worldwide in a research report on Sunday, October 6th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Marriott Vacations Worldwide from $118.00 to $117.00 and set an “overweight” rating for the company in a research report on Monday.
Shares of VAC stock traded up $4.25 on Friday, hitting $106.44. The stock had a trading volume of 28,478 shares, compared to its average volume of 375,883. The business has a 50 day moving average of $102.76 and a 200 day moving average of $98.36. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 1.40 and a beta of 1.71. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.41 and a quick ratio of 2.62. Marriott Vacations Worldwide has a 12-month low of $60.67 and a 12-month high of $113.08.
Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, July 31st. The company reported $1.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.24. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.11 billion. Marriott Vacations Worldwide had a net margin of 1.50% and a return on equity of 8.11%. The firm’s revenue for the quarter was up 79.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.59 earnings per share. As a group, research analysts expect that Marriott Vacations Worldwide will post 7.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 19th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.80 annualized dividend and a yield of 1.69%. Marriott Vacations Worldwide’s payout ratio is currently 30.61%.
In other Marriott Vacations Worldwide news, CEO Stephen P. Weisz bought 4,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $83.70 per share, for a total transaction of $334,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Hutchison III sold 984 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $107.71, for a total transaction of $105,986.64. Following the transaction, the director now owns 20,449 shares of the company’s stock, valued at approximately $2,202,561.79. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. Aptus Capital Advisors LLC boosted its position in Marriott Vacations Worldwide by 18.5% during the second quarter. Aptus Capital Advisors LLC now owns 8,152 shares of the company’s stock worth $785,000 after purchasing an additional 1,274 shares during the period. UBS Asset Management Americas Inc. boosted its position in Marriott Vacations Worldwide by 18.5% during the second quarter. UBS Asset Management Americas Inc. now owns 36,438 shares of the company’s stock worth $3,513,000 after purchasing an additional 5,696 shares during the period. Pacer Advisors Inc. bought a new position in Marriott Vacations Worldwide during the second quarter worth about $1,509,000. Atika Capital Management LLC bought a new position in Marriott Vacations Worldwide during the second quarter worth about $5,398,000. Finally, BlackRock Inc. boosted its position in Marriott Vacations Worldwide by 6.6% during the second quarter. BlackRock Inc. now owns 4,730,773 shares of the company’s stock worth $456,047,000 after purchasing an additional 292,830 shares during the period. Hedge funds and other institutional investors own 81.35% of the company’s stock.
About Marriott Vacations Worldwide
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.
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