Marriott Vacations Worldwide Corp. (NYSE:VAC) had its target price decreased by equities researchers at Telsey Advisory Group from $81.00 to $72.00 in a research report issued on Friday. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s target price indicates a potential upside of 10.67% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Deutsche Bank AG reaffirmed a “hold” rating on shares of Marriott Vacations Worldwide Corp. in a research note on Sunday, June 26th. Zacks Investment Research lowered Marriott Vacations Worldwide Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Stifel Nicolaus raised their price objective on Marriott Vacations Worldwide Corp. from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Marriott Vacations Worldwide Corp. in a research note on Monday, September 12th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Marriott Vacations Worldwide Corp. presently has an average rating of “Buy” and a consensus target price of $81.67.

Analyst Recommendations for Marriott Vacations Worldwide Corp. (NYSE:VAC)

Shares of Marriott Vacations Worldwide Corp. (NYSE:VAC) opened at 65.06 on Friday. Marriott Vacations Worldwide Corp. has a 52 week low of $45.95 and a 52 week high of $80.27. The company has a 50-day moving average price of $73.28 and a 200 day moving average price of $68.52. The stock has a market capitalization of $1.76 billion, a PE ratio of 17.12 and a beta of 1.19.

Marriott Vacations Worldwide Corp. (NYSE:VAC) last announced 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. Marriott Vacations Worldwide Corp. had a net margin of 6.68% and a return on equity of 13.10%. The firm had revenue of $407 million for the quarter, compared to the consensus estimate of $446.83 million. During the same period in the previous year, the company posted $0.82 earnings per share. Marriott Vacations Worldwide Corp.’s quarterly revenue was up .0% on a year-over-year basis. Equities analysts forecast that Marriott Vacations Worldwide Corp. will post $4.59 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Investors of record on Thursday, September 22nd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Tuesday, September 20th. Marriott Vacations Worldwide Corp.’s dividend payout ratio is currently 29.20%.

In related news, VP Brian E. Miller sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $78.66, for a total transaction of $314,640.00. Following the completion of the sale, the vice president now directly owns 18,771 shares of the company’s stock, valued at approximately $1,476,526.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VAC. Howe & Rusling Inc. increased its position in Marriott Vacations Worldwide Corp. by 3.8% in the second quarter. Howe & Rusling Inc. now owns 2,114 shares of the company’s stock valued at $145,000 after buying an additional 77 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Marriott Vacations Worldwide Corp. by 2.6% in the third quarter. Nisa Investment Advisors LLC now owns 8,026 shares of the company’s stock valued at $588,000 after buying an additional 200 shares during the last quarter. Teacher Retirement System of Texas increased its position in Marriott Vacations Worldwide Corp. by 6.3% in the second quarter. Teacher Retirement System of Texas now owns 3,423 shares of the company’s stock valued at $234,000 after buying an additional 203 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Marriott Vacations Worldwide Corp. by 2.5% in the second quarter. Public Employees Retirement System of Ohio now owns 12,228 shares of the company’s stock valued at $837,000 after buying an additional 293 shares during the last quarter. Finally, Zacks Investment Management increased its position in Marriott Vacations Worldwide Corp. by 2.3% in the second quarter. Zacks Investment Management now owns 15,277 shares of the company’s stock valued at $1,046,000 after buying an additional 339 shares during the last quarter. Institutional investors own 78.30% of the company’s stock.

About Marriott Vacations Worldwide Corp.

Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The Company is a developer, marketer and seller of vacation ownership and related products under The Ritz-Carlton Destination Club brand.

5 Day Chart for NYSE:VAC

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