Marriott Vacations Worldwide (NYSE:VAC) Price Target Lowered to $108.00 at Stifel Nicolaus

Marriott Vacations Worldwide (NYSE:VAC - Free Report) had its price objective lowered by Stifel Nicolaus from $112.00 to $108.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on VAC. The Goldman Sachs Group upped their price target on shares of Marriott Vacations Worldwide from $70.00 to $85.00 and gave the company a "sell" rating in a research report on Tuesday, December 10th. Truist Financial increased their price objective on Marriott Vacations Worldwide from $139.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Mizuho raised their target price on Marriott Vacations Worldwide from $117.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Barclays upgraded Marriott Vacations Worldwide from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $97.00 to $116.00 in a research report on Friday, December 13th. Finally, Morgan Stanley started coverage on shares of Marriott Vacations Worldwide in a research note on Monday, January 6th. They issued an "underweight" rating and a $87.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of "Hold" and an average target price of $103.00.

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Marriott Vacations Worldwide Price Performance

Shares of NYSE VAC traded down $2.10 during midday trading on Thursday, reaching $73.34. 634,622 shares of the company were exchanged, compared to its average volume of 436,495. The stock's 50-day moving average price is $86.32 and its 200-day moving average price is $83.24. The stock has a market cap of $2.56 billion, a P/E ratio of 13.97, a PEG ratio of 0.67 and a beta of 1.83. The company has a quick ratio of 2.86, a current ratio of 3.53 and a debt-to-equity ratio of 2.19. Marriott Vacations Worldwide has a one year low of $67.28 and a one year high of $108.57.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.35. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.24 billion. Marriott Vacations Worldwide had a return on equity of 10.89% and a net margin of 4.20%. On average, sell-side analysts anticipate that Marriott Vacations Worldwide will post 6.23 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Wednesday, March 5th. Marriott Vacations Worldwide's dividend payout ratio (DPR) is currently 56.23%.

Institutional Trading of Marriott Vacations Worldwide

Several hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new position in Marriott Vacations Worldwide during the 4th quarter valued at about $37,974,000. Norges Bank bought a new stake in Marriott Vacations Worldwide in the fourth quarter worth about $31,677,000. AQR Capital Management LLC increased its holdings in Marriott Vacations Worldwide by 47.2% in the 4th quarter. AQR Capital Management LLC now owns 765,480 shares of the company's stock worth $68,510,000 after acquiring an additional 245,427 shares during the last quarter. Ananym Capital Management LP bought a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at approximately $21,987,000. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in 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 valued at $81,032,000 after acquiring an additional 168,130 shares during the period. Institutional investors and hedge funds own 89.52% of the company's stock.

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.