Truist Securities Reiterates Buy Rating on Marriott Vacations Worldwide (VAC)

Truist Securities analyst C. Patrick Scholes reiterated a Buy rating and $142.00 price target on Marriott Vacations Worldwide (NYSE: VAC)

The analyst comments "We have received several questions today from investors regarding why shares of VAC are underperforming the lodging-leisure group. We believe underperformance is due to comments on MAR’s (Hold) earnings call this morning regarding 2025 fees expected to be received from VAC. Specifically, the comment from MAR was "timeshare fees as usual are expected to be relatively in line with the prior year at around $110 million." To this we remind investors that fees received from VAC should normally be approx. flat y/ y every year as the lion's share of the royalty fee to MAR is fixed in nature and the variable component is much smaller. Also, in addition to paying fees to Marriott, VAC pays fees to Hyatt. VAC will report earnings on Wednesday, February 26th after the market close. Please see this link for our recent note on VAC where we proposed VAC as “An ‘idea stock’ for 2025. We lay-out the case for potential significant upside.”"

For an analyst ratings summary and ratings history on Marriott Vacations Worldwide click here. For more ratings news on Marriott Vacations Worldwide click here.

Shares of Marriott Vacations Worldwide closed at $84.02 yesterday.

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