Marriott Vacations Worldwide (NYSE:VAC) Coverage Initiated by Analysts at Mizuho

Mizuho began coverage on shares of Marriott Vacations Worldwide (NYSE:VAC) in a report issued on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $128.00 target price on the stock.

Other equities analysts have also recently issued reports about the company. Truist Financial lifted their price target on Marriott Vacations Worldwide from $149.00 to $159.00 and gave the company a buy rating in a research report on Tuesday, March 5th. JMP Securities increased their price target on shares of Marriott Vacations Worldwide from $105.00 to $115.00 and gave the stock a market outperform rating in a report on Monday, February 26th. Jefferies Financial Group boosted their price objective on shares of Marriott Vacations Worldwide from $90.00 to $92.00 and gave the company a hold rating in a research note on Tuesday, January 2nd. Barclays increased their target price on shares of Marriott Vacations Worldwide from $90.00 to $102.00 and gave the stock an equal weight rating in a research note on Friday, February 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the company a neutral rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $109.71.

Marriott Vacations Worldwide Trading Up 2.3 %

Shares of Marriott Vacations Worldwide stock opened at $107.73 on Tuesday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.64 and a current ratio of 3.15. The stock has a market capitalization of $3.79 billion, a P/E ratio of 17.24 and a beta of 1.84. Marriott Vacations Worldwide has a 52-week low of $72.78 and a 52-week high of $140.30. The stock’s 50-day simple moving average is $91.87 and its 200 day simple moving average is $89.02.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.08. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. Marriott Vacations Worldwide had a net margin of 5.37% and a return on equity of 13.21%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.74 earnings per share. As a group, research analysts anticipate that Marriott Vacations Worldwide will post 7.81 EPS for the current year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Wednesday, February 28th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is currently 48.64%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Marriott Vacations Worldwide during the fourth quarter worth about $57,540,000. Burgundy Asset Management Ltd. boosted its stake in Marriott Vacations Worldwide by 55.0% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,064,068 shares of the company’s stock worth $90,329,000 after buying an additional 377,766 shares in the last quarter. Long Pond Capital LP grew its position in Marriott Vacations Worldwide by 73.7% during the second quarter. Long Pond Capital LP now owns 687,247 shares of the company’s stock valued at $84,339,000 after acquiring an additional 291,588 shares during the last quarter. Capital World Investors bought a new position in Marriott Vacations Worldwide during the fourth quarter valued at approximately $210,000. Finally, GRS Advisors LLC raised its stake in shares of Marriott Vacations Worldwide by 2,050.8% during the fourth quarter. GRS Advisors LLC now owns 242,288 shares of the company’s stock worth $20,568,000 after acquiring an additional 231,023 shares in the last quarter. 89.52% of the stock is currently owned by hedge funds and other 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.