Marriott Vacations Worldwide Co. (NYSE:VAC) Receives $101.56 Average Target Price from Analysts

Marriott Vacations Worldwide Co. (NYSE:VAC) has received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $106.22.

VAC has been the topic of several analyst reports. Stifel Nicolaus upped their target price on Marriott Vacations Worldwide from $102.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Truist Financial raised their target price on shares of Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Mizuho increased their price target on shares of Marriott Vacations Worldwide from $110.00 to $117.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays upgraded shares of Marriott Vacations Worldwide from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $97.00 to $116.00 in a research note on Friday. Finally, The Goldman Sachs Group lifted their price target on Marriott Vacations Worldwide from $70.00 to $85.00 and gave the stock a “sell” rating in a report on Tuesday, December 10th.

Marriott Vacations Worldwide Stock Performance

Shares of VAC opened at $94.55 on Monday. The company has a current ratio of 3.53, a quick ratio of 2.86 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide has a 12 month low of $67.28 and a 12 month high of $108.57. The firm has a fifty day simple moving average of $86.81 and a 200 day simple moving average of $82.08. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 0.87 and a beta of 1.84.

Marriott Vacations Worldwide Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Thursday, December 19th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Thursday, December 19th. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.76. Marriott Vacations Worldwide’s payout ratio is 60.19%.

Institutional Investors Weigh In On Marriott Vacations Worldwide

A number of large investors have recently bought and sold shares of VAC. AQR Capital Management LLC raised its position in Marriott Vacations Worldwide by 178.2% during the second quarter. AQR Capital Management LLC now owns 355,089 shares of the company’s stock valued at $29,771,000 after purchasing an additional 227,465 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Marriott Vacations Worldwide by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,599,789 shares of the company’s stock valued at $139,687,000 after purchasing an additional 207,938 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Marriott Vacations Worldwide during the 3rd quarter worth $14,983,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Marriott Vacations Worldwide by 18.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,102,774 shares of the company’s stock worth $81,032,000 after buying an additional 168,130 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Marriott Vacations Worldwide by 20.3% in the 2nd quarter. Victory Capital Management Inc. now owns 763,835 shares of the company’s stock valued at $66,698,000 after purchasing an additional 129,131 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

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.