Marriott Vacations Worldwide (NYSE:VAC) Receives “Market Outperform” Rating from JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Marriott Vacations Worldwide (NYSE:VAC) in a research report released on Thursday morning, Benzinga reports. JMP Securities currently has a $115.00 target price on the stock.

Several other research firms have also commented on VAC. Barclays upped their price objective on Marriott Vacations Worldwide from $102.00 to $106.00 and gave the stock an equal weight rating in a research report on Wednesday, May 8th. Stifel Nicolaus increased their price target on shares of Marriott Vacations Worldwide from $115.00 to $117.00 and gave the stock a buy rating in a report on Tuesday, May 7th. Truist Financial lifted their price objective on shares of Marriott Vacations Worldwide from $159.00 to $161.00 and gave the company a buy rating in a report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Marriott Vacations Worldwide from $116.00 to $121.00 and gave the stock a buy rating in a research note on Thursday, May 9th. Finally, StockNews.com upgraded Marriott Vacations Worldwide from a sell rating to a hold rating in a research report on Thursday, July 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $112.00.

Marriott Vacations Worldwide Trading Up 0.0 %

Marriott Vacations Worldwide stock opened at $88.34 on Thursday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.62 and a current ratio of 3.12. The stock has a market cap of $3.11 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 0.65 and a beta of 1.81. The stock has a 50-day moving average of $88.91 and a two-hundred day moving average of $91.91. Marriott Vacations Worldwide has a one year low of $72.78 and a one year high of $133.92.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings data on Monday, May 6th. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.66 by $0.14. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.17 billion. Marriott Vacations Worldwide had a net margin of 4.50% and a return on equity of 11.77%. Marriott Vacations Worldwide’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the firm posted $2.54 EPS. On average, research analysts anticipate that Marriott Vacations Worldwide will post 7.62 EPS for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Wednesday, May 22nd. Marriott Vacations Worldwide’s payout ratio is 56.19%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Marriott Vacations Worldwide by 615.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 286 shares of the company’s stock worth $31,000 after acquiring an additional 246 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in Marriott Vacations Worldwide during the 1st quarter worth $41,000. Fifth Third Bancorp boosted its stake in Marriott Vacations Worldwide by 707.5% during the 1st quarter. Fifth Third Bancorp now owns 428 shares of the company’s stock worth $46,000 after purchasing an additional 375 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Marriott Vacations Worldwide by 20.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock worth $86,000 after buying an additional 175 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its position in shares of Marriott Vacations Worldwide by 61,550.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,233 shares of the company’s stock valued at $105,000 after buying an additional 1,231 shares during the last quarter. Institutional investors and hedge funds 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.