Brokerages Set Marriott Vacations Worldwide Co. (NYSE:VAC) Target Price at $98.05

Marriott Vacations Worldwide Co. (NYSE:VAC) has earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $101.72.

VAC has been the subject of a number of research analyst reports. StockNews.com upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. The Goldman Sachs Group initiated coverage on shares of Marriott Vacations Worldwide in a research report on Wednesday, September 18th. They issued a “sell” rating and a $62.00 price target on the stock. Mizuho upped their target price on Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. JMP Securities lowered their target price on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a report on Friday, August 2nd. Finally, Barclays boosted their price target on Marriott Vacations Worldwide from $74.00 to $97.00 and gave the stock an “equal weight” rating in a report on Friday, November 8th.

Marriott Vacations Worldwide Stock Performance

VAC opened at $91.27 on Thursday. The stock’s 50 day simple moving average is $78.08 and its 200 day simple moving average is $82.36. The stock has a market cap of $3.19 billion, a P/E ratio of 17.38, a P/E/G ratio of 0.84 and a beta of 1.79. Marriott Vacations Worldwide has a 1-year low of $67.28 and a 1-year high of $108.57. The company has a debt-to-equity ratio of 2.19, a current ratio of 3.53 and a quick ratio of 2.86.

Marriott Vacations Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is 57.90%.

Insider Transactions at Marriott Vacations Worldwide

In other news, insider Jason P. Marino purchased 700 shares of the stock in a transaction on Wednesday, September 11th. The stock was purchased at an average price of $69.00 per share, with a total value of $48,300.00. Following the completion of the transaction, the insider now owns 15,851 shares in the company, valued at approximately $1,093,719. The trade was a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several hedge funds and other institutional investors have recently modified their holdings of VAC. Vanguard Group Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 3,266,238 shares of the company’s stock valued at $351,872,000 after acquiring an additional 143,074 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake 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 worth $139,687,000 after purchasing an additional 207,938 shares in the last quarter. Impactive Capital LP purchased a new stake in shares of Marriott Vacations Worldwide in the first quarter worth about $123,613,000. Hotchkis & Wiley Capital Management LLC grew its stake in shares of 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 valued at $81,032,000 after buying an additional 168,130 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its holdings in shares of Marriott Vacations Worldwide by 3.0% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,096,286 shares of the company’s stock valued at $118,103,000 after buying an additional 32,218 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

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.