Marriott Vacations Worldwide (NYSE:VAC) Shares Up 6% – Here’s What Happened

Marriott Vacations Worldwide Corporation (NYSE:VAC)’s stock price was up 6% on Friday . The company traded as high as $104.89 and last traded at $105.1730. Approximately 90,700 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 543,009 shares. The stock had previously closed at $99.21.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Zacks Research upgraded shares of Marriott Vacations Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $134.00 price objective on shares of Marriott Vacations Worldwide in a research report on Wednesday, August 12th. Barclays boosted their target price on shares of Marriott Vacations Worldwide from $94.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Wells Fargo & Company increased their price target on shares of Marriott Vacations Worldwide from $68.00 to $101.00 and gave the company an “underweight” rating in a research note on Friday, August 7th. Finally, Susquehanna began coverage on shares of Marriott Vacations Worldwide in a report on Tuesday, August 18th. They issued a “neutral” rating and a $110.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $101.45.

Marriott Vacations Worldwide Trading Up 7.5%

The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of -10.93, a P/E/G ratio of 1.91 and a beta of 1.24. The company has a debt-to-equity ratio of 2.65, a quick ratio of 2.99 and a current ratio of 3.56. The business’s 50-day simple moving average is $105.00 and its 200-day simple moving average is $85.22.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Thursday, August 6th. The company reported $2.31 EPS for the quarter, topping the consensus estimate of $1.97 by $0.34. Marriott Vacations Worldwide had a negative net margin of 6.47% and a positive return on equity of 12.27%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the company earned $1.96 EPS. Marriott Vacations Worldwide’s revenue was up 5.9% on a year-over-year basis. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. On average, research analysts expect that Marriott Vacations Worldwide Corporation will post 8.7 earnings per share for the current fiscal year.

Marriott Vacations Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.0%. Marriott Vacations Worldwide’s dividend payout ratio is -32.85%.

Insider Buying and Selling at Marriott Vacations Worldwide

In other Marriott Vacations Worldwide news, insider Kathleen A. Pighini sold 2,500 shares of Marriott Vacations Worldwide stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $120.00, for a total transaction of $300,000.00. Following the transaction, the insider directly owned 10,821 shares in the company, valued at approximately $1,298,520. The trade was a 18.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christian Asmar sold 750,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $111.49, for a total value of $83,617,500.00. Following the sale, the director directly owned 3,380,818 shares of the company’s stock, valued at approximately $376,927,398.82. The trade was a 18.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 13.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VAC. HighTower Advisors LLC acquired a new position in shares of Marriott Vacations Worldwide during the second quarter worth about $323,000. California State Teachers Retirement System raised its position in Marriott Vacations Worldwide by 8,853.2% during the second quarter. California State Teachers Retirement System now owns 3,194,753 shares of the company’s stock worth $325,481,000 after acquiring an additional 3,159,070 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Marriott Vacations Worldwide during the second quarter worth $66,000. HB Wealth Management LLC bought a new stake in shares of Marriott Vacations Worldwide during the 2nd quarter worth about $239,000. Finally, Syon Capital LLC boosted its holdings in shares of Marriott Vacations Worldwide by 26.9% during the second quarter. Syon Capital LLC now owns 6,556 shares of the company’s stock worth $668,000 after acquiring an additional 1,390 shares during the period. 89.52% of the stock is owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.

The company’s core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.