Marriott Vacations Worldwide (NYSE:VAC) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Marriott Vacations Worldwide (NYSE:VAC) in a research note published on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a sell rating and a $62.00 price objective on the stock.

Several other equities research analysts have also recently issued reports on the stock. Stifel Nicolaus decreased their target price on shares of Marriott Vacations Worldwide from $108.00 to $96.50 and set a buy rating on the stock in a research report on Friday, September 13th. Mizuho lowered their price objective on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a buy rating for the company in a research note on Friday, June 14th. Barclays dropped their price objective on Marriott Vacations Worldwide from $106.00 to $82.00 and set an equal weight rating for the company in a report on Friday, August 2nd. JMP Securities reduced 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, Truist Financial dropped their price target on Marriott Vacations Worldwide from $161.00 to $159.00 and set a buy rating for the company in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Marriott Vacations Worldwide currently has an average rating of Hold and a consensus target price of $97.45.

Marriott Vacations Worldwide Stock Down 0.1 %

VAC stock opened at $74.49 on Wednesday. The company has a 50 day moving average price of $76.44 and a two-hundred day moving average price of $88.19. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.72 and a current ratio of 3.28. The stock has a market capitalization of $2.62 billion, a P/E ratio of 13.77, a PEG ratio of 0.64 and a beta of 1.81. Marriott Vacations Worldwide has a one year low of $67.28 and a one year high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, July 31st. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.89). Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the company posted $2.19 earnings per share. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, sell-side analysts expect that Marriott Vacations Worldwide will post 6.12 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio is presently 56.19%.

Insider Buying and Selling at Marriott Vacations Worldwide

In other news, insider Jason P. Marino bought 700 shares of Marriott Vacations Worldwide stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VAC. Allspring Global Investments Holdings LLC lifted 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 in the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Marriott Vacations Worldwide in the 1st quarter valued at approximately $41,000. Quarry LP raised its position in shares of Marriott Vacations Worldwide by 368.4% in the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock valued at $39,000 after purchasing an additional 350 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Marriott Vacations Worldwide by 20.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock valued at $86,000 after buying an additional 175 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Marriott Vacations Worldwide during the second quarter worth approximately $90,000. 89.52% of the stock is owned by hedge funds and other institutional investors.

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.