Credit Suisse Group began coverage on shares of Marriott Vacations Worldwide (NYSE:VAC) in a research note issued to investors on Friday. The firm issued an outperform rating and a $146.00 price target on the stock.
Other research analysts have also recently issued research reports about the company. SunTrust Banks raised their target price on Marriott Vacations Worldwide to $149.00 and gave the company a hold rating in a research note on Tuesday, March 27th. They noted that the move was a valuation call. ValuEngine upgraded Marriott Vacations Worldwide from a hold rating to a buy rating in a research note on Monday, February 5th. Janney Montgomery Scott restated a buy rating and issued a $122.61 target price on shares of Marriott Vacations Worldwide in a research note on Tuesday, May 1st. Finally, Deutsche Bank reduced their price objective on Marriott Vacations Worldwide from $139.00 to $130.00 and set a hold rating for the company in a research report on Friday, May 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $137.96.
Marriott Vacations Worldwide opened at $118.60 on Friday, according to MarketBeat. The company has a market capitalization of $3.15 billion, a PE ratio of 20.52 and a beta of 1.33. The company has a debt-to-equity ratio of 0.95, a current ratio of 5.59 and a quick ratio of 3.83. Marriott Vacations Worldwide has a 52 week low of $107.58 and a 52 week high of $154.14.
Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Thursday, May 3rd. The company reported $1.39 EPS for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.11). The firm had revenue of $570.80 million during the quarter, compared to analysts’ expectations of $519.37 million. Marriott Vacations Worldwide had a net margin of 11.25% and a return on equity of 16.31%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 EPS. research analysts expect that Marriott Vacations Worldwide will post 7.07 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Investors of record on Monday, May 28th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, May 24th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 27.68%.
In related news, VP Michael E. Yonker sold 2,636 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $143.21, for a total transaction of $377,501.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dwight D. Smith sold 1,250 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $146.60, for a total value of $183,250.00. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its holdings in shares of Marriott Vacations Worldwide by 6.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 8,186 shares of the company’s stock worth $1,107,000 after purchasing an additional 500 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Marriott Vacations Worldwide by 4.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 10,100 shares of the company’s stock worth $1,366,000 after purchasing an additional 400 shares in the last quarter. Capital Investment Advisors LLC bought a new stake in shares of Marriott Vacations Worldwide in the 4th quarter worth $206,000. Acadian Asset Management LLC bought a new stake in shares of Marriott Vacations Worldwide in the 4th quarter worth $3,003,000. Finally, Strs Ohio increased its holdings in shares of Marriott Vacations Worldwide by 33.3% in the 4th quarter. Strs Ohio now owns 1,600 shares of the company’s stock worth $216,000 after purchasing an additional 400 shares in the last quarter. 71.95% of the stock is owned by institutional investors.
About Marriott Vacations Worldwide
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.
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