Marriott Vacations Worldwide (NYSE:VAC) Research Coverage Started at The Goldman Sachs Group

by · The Markets Daily

The Goldman Sachs Group initiated coverage on shares of Marriott Vacations Worldwide (NYSE:VAC – Free Report) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The brokerage issued a sell rating and a $62.00 target price on the stock.

Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a buy rating for the company in a research note on Tuesday, August 6th. Barclays lowered their price objective on shares of Marriott Vacations Worldwide from $106.00 to $82.00 and set an equal weight rating for the company in a research note on Friday, August 2nd. StockNews.com lowered shares of Marriott Vacations Worldwide from a hold rating to a sell rating in a research note on Friday, July 19th. Mizuho lowered their price objective on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a buy rating for the company in a research note on Friday, June 14th. Finally, JMP Securities reduced their target price on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a market outperform rating for the company in a report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $97.45.

Check Out Our Latest Analysis on Marriott Vacations Worldwide

Marriott Vacations Worldwide Stock Down 0.1 %

Shares of VAC opened at $74.49 on Wednesday. The firm has a market capitalization of $2.62 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.64 and a beta of 1.81. Marriott Vacations Worldwide has a 12-month low of $67.28 and a 12-month high of $108.57. The company has a current ratio of 3.28, a quick ratio of 2.72 and a debt-to-equity ratio of 2.21. The firm has a fifty day moving average price of $76.19 and a 200-day moving average price of $88.05.

Marriott Vacations Worldwide (NYSE:VAC – Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.89). Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the firm posted $2.19 earnings per share. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. Equities research analysts expect that Marriott Vacations Worldwide will post 6.12 earnings per share for the current year.

Marriott Vacations Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be issued a $0.76 dividend. The ex-dividend date is Thursday, September 19th. This represents a $3.04 dividend on an annualized basis and a yield of 4.08%. Marriott Vacations Worldwide’s dividend payout ratio is presently 56.19%.

Insider Activity

In related news, insider Jason P. Marino acquired 700 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were purchased at an average price of $69.00 per share, for a total transaction of $48,300.00. Following the completion of the acquisition, the insider now directly owns 15,851 shares in the company, valued at approximately $1,093,719. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Several hedge funds have recently modified their holdings of VAC. Coronation Fund Managers Ltd. increased its holdings in Marriott Vacations Worldwide by 162.3% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 37,117 shares of the company’s stock worth $3,241,000 after buying an additional 22,968 shares during the period. Quarry LP increased its holdings in Marriott Vacations Worldwide by 368.4% in the 2nd quarter. Quarry LP now owns 445 shares of the company’s stock worth $39,000 after buying an additional 350 shares during the period. Creative Planning increased its holdings in Marriott Vacations Worldwide by 13.3% in the 2nd quarter. Creative Planning now owns 9,648 shares of the company’s stock worth $842,000 after buying an additional 1,131 shares during the period. Scientech Research LLC acquired a new position in Marriott Vacations Worldwide in the 2nd quarter worth approximately $249,000. Finally, Dark Forest Capital Management LP acquired a new position in Marriott Vacations Worldwide in the 2nd quarter worth approximately $604,000. Institutional investors and hedge funds own 89.52% of the company’s stock.

About Marriott Vacations Worldwide

(Get Free Report)

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.

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