Marriott Vacations Worldwide Co. (NYSE:VAC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Posted by Defense World Staff on Jun 8th, 2023

Marriott Vacations Worldwide Co. (NYSE:VAC – Get Rating) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $191.67.

Several research analysts recently issued reports on VAC shares. Deutsche Bank Aktiengesellschaft lowered their target price on Marriott Vacations Worldwide from $191.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, February 24th. StockNews.com assumed coverage on shares of Marriott Vacations Worldwide in a research report on Thursday, May 18th. They set a “hold” rating for the company. Credit Suisse Group dropped their price target on shares of Marriott Vacations Worldwide from $219.00 to $214.00 and set an “outperform” rating on the stock in a research report on Friday, February 24th. Finally, Truist Financial lowered their target price on shares of Marriott Vacations Worldwide from $223.00 to $219.00 in a research note on Tuesday, May 16th.

Marriott Vacations Worldwide Stock Down 0.0 %

Shares of VAC opened at $131.92 on Thursday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 2.61 and a current ratio of 3.18. Marriott Vacations Worldwide has a 52 week low of $110.08 and a 52 week high of $165.85. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 1.96 and a beta of 2.04. The stock has a fifty day moving average of $130.64 and a 200-day moving average of $140.73.

Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last released its quarterly earnings results on Wednesday, May 3rd. The company reported $2.54 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.70. Marriott Vacations Worldwide had a return on equity of 18.78% and a net margin of 8.80%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business posted $1.70 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Marriott Vacations Worldwide will post 11.16 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 25th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.18%. The ex-dividend date is Wednesday, May 24th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 29.88%.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Hedge funds have recently added to or reduced their stakes in the company. Toroso Investments LLC purchased a new stake in shares of Marriott Vacations Worldwide in the first quarter worth approximately $214,000. Squarepoint Ops LLC purchased a new position in Marriott Vacations Worldwide during the first quarter worth about $4,566,000. First Trust Advisors LP grew its position in Marriott Vacations Worldwide by 261.1% in the 1st quarter. First Trust Advisors LP now owns 96,049 shares of the company’s stock worth $12,953,000 after purchasing an additional 69,448 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Marriott Vacations Worldwide by 3.3% during the 1st quarter. Geode Capital Management LLC now owns 533,068 shares of the company’s stock worth $71,890,000 after buying an additional 17,049 shares in the last quarter. Finally, Graham Capital Management L.P. purchased a new position in shares of Marriott Vacations Worldwide in the 1st quarter worth approximately $1,005,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Marriott Vacations Worldwide Company Profile

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Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands.

Analyst Recommendations for Marriott Vacations Worldwide (NYSE:VAC)

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