Marriott Vacations Worldwide (NYSE:VAC) Given New $106.00 Price Target at Barclays

Marriott Vacations Worldwide (NYSE:VAC) had its target price lifted by Barclays from $102.00 to $106.00 in a research note released on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. increased their target price on Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a neutral rating in a research note on Friday, February 23rd. JMP Securities boosted their target price on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a market outperform rating in a research report on Monday, February 26th. Truist Financial raised their price target on shares of Marriott Vacations Worldwide from $149.00 to $159.00 and gave the stock a buy rating in a research report on Tuesday, March 5th. Stifel Nicolaus boosted their price objective on shares of Marriott Vacations Worldwide from $115.00 to $117.00 and gave the company a buy rating in a report on Tuesday. Finally, Mizuho started coverage on shares of Marriott Vacations Worldwide in a report on Tuesday, March 26th. They set a buy rating and a $128.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $112.22.

Marriott Vacations Worldwide Stock Performance

Shares of VAC stock traded up $2.87 during trading on Wednesday, reaching $99.37. 439,596 shares of the company’s stock were exchanged, compared to its average volume of 520,287. Marriott Vacations Worldwide has a twelve month low of $72.78 and a twelve month high of $134.09. The firm’s fifty day moving average price is $99.02 and its 200-day moving average price is $89.39. The company has a quick ratio of 2.64, a current ratio of 3.15 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $3.50 billion, a PE ratio of 15.66 and a beta of 1.85.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Monday, May 6th. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.14. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.17 billion. Marriott Vacations Worldwide had a net margin of 5.37% and a return on equity of 13.21%. The company’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.54 earnings per share. As a group, sell-side analysts anticipate that Marriott Vacations Worldwide will post 7.8 EPS for the current year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 3.06%. The ex-dividend date was Wednesday, February 28th. Marriott Vacations Worldwide’s payout ratio is 48.64%.

Institutional Investors Weigh In On Marriott Vacations Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in VAC. Inspire Investing LLC increased its holdings in shares of Marriott Vacations Worldwide by 19.1% during the third quarter. Inspire Investing LLC now owns 3,053 shares of the company’s stock worth $307,000 after buying an additional 490 shares in the last quarter. ING Groep NV acquired a new stake in shares of Marriott Vacations Worldwide during the third quarter valued at about $1,157,000. Allspring Global Investments Holdings LLC increased its stake in shares of Marriott Vacations Worldwide by 1,075.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,763 shares of the company’s stock valued at $278,000 after buying an additional 2,528 shares during the period. Malaga Cove Capital LLC acquired a new stake in Marriott Vacations Worldwide during the 3rd quarter worth approximately $224,000. Finally, Coldstream Capital Management Inc. grew its holdings in Marriott Vacations Worldwide by 12.0% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,563 shares of the company’s stock worth $258,000 after acquiring an additional 274 shares during the last quarter. 89.52% of the stock is owned by institutional investors.

About Marriott Vacations Worldwide

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.