Today: The Marriott Vacations Worldwide Corp. (VAC) Given New $72.00 Price Target at Telsey Advisory Group

The Marriott Vacations Worldwide Corp. (VAC) Given New $72.00 Price Target at Telsey Advisory Group

Marriott Vacations Worldwide Corp. (NYSE:VAC) had its price target cut by Telsey Advisory Group from $81.00 to $72.00 in a research note issued to investors on Friday. They currently have a market perform rating on the stock.

A number of other equities research analysts have also commented on VAC. Deutsche Bank AG reissued a hold rating on shares of Marriott Vacations Worldwide Corp. in a research report on Sunday, June 26th. Credit Suisse Group AG reissued a buy rating and issued a $92.00 price target on shares of Marriott Vacations Worldwide Corp. in a research report on Monday, September 12th. Stifel Nicolaus increased their price target on Marriott Vacations Worldwide Corp. from $84.00 to $88.00 and gave the company a buy rating in a research report on Wednesday, July 27th. Finally, Zacks Investment Research lowered Marriott Vacations Worldwide Corp. from a buy rating to a hold rating in a research report on Thursday, June 30th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $81.67.

Shares of Marriott Vacations Worldwide Corp. (NYSE:VAC) traded up 1.70% during midday trading on Friday, hitting $65.13. 109,209 shares of the stock were exchanged. The stock’s 50-day moving average price is $73.63 and its 200-day moving average price is $68.50. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 17.14 and a beta of 1.19. Marriott Vacations Worldwide Corp. has a 1-year low of $45.95 and a 1-year high of $80.27.

Marriott Vacations Worldwide Corp. (NYSE:VAC) last released its quarterly earnings results on Thursday, October 13th. The company reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by $0.19. The company earned $407 million during the quarter, compared to analysts’ expectations of $446.83 million. Marriott Vacations Worldwide Corp. had a net margin of 6.68% and a return on equity of 13.10%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 earnings per share. On average, analysts forecast that Marriott Vacations Worldwide Corp. will post $4.59 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Thursday, September 22nd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Tuesday, September 20th. Marriott Vacations Worldwide Corp.’s dividend payout ratio (DPR) is currently 29.20%.

In related news, VP Brian E. Miller sold 4,000 shares of Marriott Vacations Worldwide Corp. stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $78.66, for a total value of $314,640.00. Following the completion of the sale, the vice president now owns 18,771 shares of the company’s stock, valued at approximately $1,476,526.86. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.70% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in VAC. A.R.T. Advisors LLC purchased a new stake in shares of Marriott Vacations Worldwide Corp. during the first quarter valued at $921,000. Bayesian Capital Management LP purchased a new stake in shares of Marriott Vacations Worldwide Corp. during the first quarter valued at $254,000. Thomas J. Herzfeld Advisors Inc. raised its stake in shares of Marriott Vacations Worldwide Corp. by 22.5% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 10,890 shares of the company’s stock valued at $735,000 after buying an additional 2,000 shares during the period. Hancock Holding Co. raised its stake in shares of Marriott Vacations Worldwide Corp. by 1.4% in the first quarter. Hancock Holding Co. now owns 136,910 shares of the company’s stock valued at $9,241,000 after buying an additional 1,890 shares during the period. Finally, Quadrature Capital Ltd raised its stake in shares of Marriott Vacations Worldwide Corp. by 72.5% in the first quarter. Quadrature Capital Ltd now owns 10,585 shares of the company’s stock valued at $715,000 after buying an additional 4,447 shares during the period. 78.30% of the stock is owned by institutional investors.

Marriott Vacations Worldwide Corp. Company Profile

Related posts

Leave a Comment