Mizuho Cuts Marriott Vacations Worldwide (NYSE:VAC) Price Target to $126.00

Marriott Vacations Worldwide (NYSE:VACFree Report) had its price target reduced by Mizuho from $128.00 to $126.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft upped their target price on Marriott Vacations Worldwide from $116.00 to $121.00 and gave the company a buy rating in a report on Thursday, May 9th. JMP Securities raised their target price on Marriott Vacations Worldwide from $105.00 to $115.00 and gave the company a market outperform rating in a research report on Monday, February 26th. Barclays increased their price target on shares of Marriott Vacations Worldwide from $102.00 to $106.00 and gave the company an equal weight rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. lifted their price objective on shares of Marriott Vacations Worldwide from $93.00 to $107.00 and gave the stock a neutral rating in a research report on Friday, February 23rd. Finally, Truist Financial increased their target price on shares of Marriott Vacations Worldwide from $159.00 to $161.00 and gave the company a buy rating in a research report on Tuesday, May 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Marriott Vacations Worldwide has an average rating of Hold and an average price target of $112.22.

Read Our Latest Research Report on VAC

Marriott Vacations Worldwide Trading Down 3.3 %

NYSE VAC opened at $85.14 on Friday. The company has a current ratio of 3.12, a quick ratio of 2.62 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $2.99 billion, a P/E ratio of 15.74, a PEG ratio of 0.63 and a beta of 1.81. The business has a fifty day simple moving average of $95.77 and a 200 day simple moving average of $91.42. Marriott Vacations Worldwide has a 12 month low of $72.78 and a 12 month high of $133.99.

Marriott Vacations Worldwide (NYSE:VACGet Free Report) last announced its earnings results on Monday, May 6th. The company reported $1.80 EPS for the quarter, beating the consensus estimate of $1.66 by $0.14. Marriott Vacations Worldwide had a net margin of 4.50% and a return on equity of 11.77%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $2.54 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts predict that Marriott Vacations Worldwide will post 7.65 EPS for the current fiscal year.

Marriott Vacations Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 3.57%. The ex-dividend date was Wednesday, May 22nd. Marriott Vacations Worldwide’s dividend payout ratio (DPR) is presently 56.19%.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Hedge funds have recently made changes to their positions in the stock. Verity Asset Management Inc. boosted its stake in Marriott Vacations Worldwide by 110.0% in the 1st quarter. Verity Asset Management Inc. now owns 6,378 shares of the company’s stock worth $687,000 after purchasing an additional 3,341 shares during the period. EMC Capital Management bought a new position in shares of Marriott Vacations Worldwide in the first quarter valued at approximately $144,000. Comerica Bank increased its holdings in Marriott Vacations Worldwide by 50.1% during the 1st quarter. Comerica Bank now owns 43,401 shares of the company’s stock worth $4,676,000 after acquiring an additional 14,482 shares during the period. Tidal Investments LLC purchased a new stake in Marriott Vacations Worldwide in the 1st quarter worth approximately $244,000. Finally, Kennedy Capital Management LLC boosted its holdings in Marriott Vacations Worldwide by 15.3% in the 1st quarter. Kennedy Capital Management LLC now owns 238,280 shares of the company’s stock valued at $25,670,000 after purchasing an additional 31,637 shares during the period. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

Marriott Vacations Worldwide Company Profile

(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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