Nomura Analysts Give Marriott Vacations Worldwide (NYSE:VAC) a $136.00 Price Target

Nomura set a $136.00 price objective on Marriott Vacations Worldwide (NYSE:VAC) in a research note published on Wednesday morning, TipRanks reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on VAC. ValuEngine raised Marriott Vacations Worldwide from a sell rating to a hold rating in a research report on Monday, July 29th. JPMorgan Chase & Co. lowered their price objective on Marriott Vacations Worldwide from $118.00 to $117.00 and set an overweight rating for the company in a research report on Monday, October 7th. Finally, Deutsche Bank reaffirmed a hold rating and set a $107.00 price objective on shares of Marriott Vacations Worldwide in a research report on Sunday, October 6th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $123.50.

NYSE:VAC opened at $107.57 on Wednesday. The stock has a 50-day simple moving average of $102.96 and a 200-day simple moving average of $98.43. The stock has a market cap of $4.68 billion, a P/E ratio of 18.29, a P/E/G ratio of 1.40 and a beta of 1.71. Marriott Vacations Worldwide has a 1 year low of $60.67 and a 1 year high of $113.08. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.62 and a current ratio of 3.41.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.24. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Marriott Vacations Worldwide had a return on equity of 8.11% and a net margin of 1.50%. The business’s quarterly revenue was up 79.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.59 EPS. On average, equities research analysts predict that Marriott Vacations Worldwide will post 7.94 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 19th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, September 18th. Marriott Vacations Worldwide’s payout ratio is currently 30.61%.

In other news, COO R. Lee Cunningham sold 2,226 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $107.37, for a total value of $239,005.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas J. Hutchison III sold 984 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $107.71, for a total value of $105,986.64. Following the completion of the sale, the director now directly owns 20,449 shares of the company’s stock, valued at $2,202,561.79. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. First Hawaiian Bank lifted its holdings in shares of Marriott Vacations Worldwide by 1.2% in the 3rd quarter. First Hawaiian Bank now owns 9,749 shares of the company’s stock valued at $1,010,000 after purchasing an additional 113 shares during the last quarter. Asset Planning Services Ltd. lifted its holdings in shares of Marriott Vacations Worldwide by 11.8% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,190 shares of the company’s stock valued at $115,000 after purchasing an additional 126 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Marriott Vacations Worldwide by 1.0% in the 2nd quarter. Aperio Group LLC now owns 13,589 shares of the company’s stock valued at $1,310,000 after purchasing an additional 132 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Marriott Vacations Worldwide by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 22,296 shares of the company’s stock valued at $2,149,000 after purchasing an additional 137 shares during the last quarter. Finally, Chartwell Investment Partners LLC lifted its holdings in shares of Marriott Vacations Worldwide by 0.7% in the 2nd quarter. Chartwell Investment Partners LLC now owns 32,768 shares of the company’s stock valued at $3,159,000 after purchasing an additional 214 shares during the last quarter. 81.35% of the stock is owned by institutional investors and hedge funds.

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.

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Analyst Recommendations for Marriott Vacations Worldwide (NYSE:VAC)

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