Marriott Vacations Worldwide (NYSE:VAC) Price Target Cut to $96.50 by Analysts at Stifel Nicolaus

Marriott Vacations Worldwide (NYSE:VAC) had its price objective lowered by Stifel Nicolaus from $108.00 to $96.50 in a research report released on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

VAC has been the subject of several other reports. Mizuho reduced their target price on Marriott Vacations Worldwide from $128.00 to $126.00 and set a buy rating for the company in a report on Friday, June 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on 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. StockNews.com lowered shares of Marriott Vacations Worldwide from a hold rating to a sell rating in a research report on Friday, July 19th. Barclays cut their target price on shares of Marriott Vacations Worldwide from $106.00 to $82.00 and set an equal weight rating on the stock in a report on Friday, August 2nd. Finally, JMP Securities decreased their price target on shares of Marriott Vacations Worldwide from $115.00 to $90.00 and set a market outperform rating for the company in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $101.39.

Marriott Vacations Worldwide Stock Performance

Shares of VAC opened at $71.95 on Friday. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 0.64 and a beta of 1.81. Marriott Vacations Worldwide has a 52-week low of $67.28 and a 52-week high of $108.57. The company has a quick ratio of 2.72, a current ratio of 3.28 and a debt-to-equity ratio of 2.21. The stock has a 50 day moving average price of $77.12 and a 200 day moving average price of $88.54.

Marriott Vacations Worldwide (NYSE:VAC) last issued its earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the company posted $2.19 EPS. The company’s quarterly revenue was down 3.2% on a year-over-year basis. Research analysts predict that Marriott Vacations Worldwide will post 6.12 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Thursday, September 19th. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.19%.

Insider Activity

In other news, insider Jason P. Marino purchased 700 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was purchased at an average cost of $69.00 per share, with a total value of $48,300.00. Following the completion of the acquisition, the insider now directly owns 15,851 shares of the company’s stock, valued at approximately $1,093,719. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Marriott Vacations Worldwide

A number of large investors have recently modified their holdings of VAC. M&T Bank Corp acquired a new position in Marriott Vacations Worldwide during the fourth quarter worth $207,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Marriott Vacations Worldwide by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 453,849 shares of the company’s stock valued at $38,527,000 after purchasing an additional 33,373 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Marriott Vacations Worldwide by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,387,206 shares of the company’s stock valued at $117,763,000 after purchasing an additional 66,362 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Marriott Vacations Worldwide in the fourth quarter valued at about $552,000. Finally, Quadrant Capital Group LLC boosted its holdings in Marriott Vacations Worldwide by 20.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,013 shares of the company’s stock worth $86,000 after buying an additional 175 shares in the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Company Profile

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.