Marriot Vacations Worldwide Corporation (NYSE:VAC) Coverage Initiated by Analysts at Instinet

Instinet started coverage on shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) in a report published on Wednesday, October 25th. The brokerage issued a buy rating and a $151.00 target price on the stock.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus reissued a buy rating and issued a $130.00 price objective (up from $120.00) on shares of Marriot Vacations Worldwide Corporation in a research report on Thursday, September 21st. ValuEngine raised shares of Marriot Vacations Worldwide Corporation from a hold rating to a buy rating in a research report on Friday, September 1st. Janney Montgomery Scott reissued a buy rating and issued a $140.00 price objective on shares of Marriot Vacations Worldwide Corporation in a research report on Tuesday, August 29th. Zacks Investment Research raised shares of Marriot Vacations Worldwide Corporation from a hold rating to a buy rating and set a $129.00 price objective for the company in a research report on Tuesday, August 8th. Finally, Nomura initiated coverage on shares of Marriot Vacations Worldwide Corporation in a research report on Wednesday, October 25th. They issued a buy rating and a $151.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $133.22.

Marriot Vacations Worldwide Corporation (NYSE VAC) traded down $1.23 during mid-day trading on Wednesday, hitting $132.37. 327,900 shares of the company were exchanged, compared to its average volume of 246,678. Marriot Vacations Worldwide Corporation has a 52-week low of $70.52 and a 52-week high of $143.53. The company has a debt-to-equity ratio of 1.21, a quick ratio of 4.65 and a current ratio of 6.64. The stock has a market cap of $3,539.68, a PE ratio of 22.05 and a beta of 1.20.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last released its quarterly earnings results on Thursday, November 2nd. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.27. Marriot Vacations Worldwide Corporation had a net margin of 8.28% and a return on equity of 17.91%. The firm had revenue of $486.99 million during the quarter, compared to analysts’ expectations of $470.05 million. During the same period in the previous year, the company earned $0.96 EPS. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. equities research analysts predict that Marriot Vacations Worldwide Corporation will post 5.38 earnings per share for the current fiscal year.

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Marriot Vacations Worldwide Corporation announced that its board has approved a stock repurchase plan on Thursday, August 3rd that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

In other news, major shareholder J W. Marriott, Jr. sold 5,962 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $114.18, for a total value of $680,741.16. Following the completion of the sale, the insider now owns 12,144 shares in the company, valued at approximately $1,386,601.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.30% of the company’s stock.

Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Marriot Vacations Worldwide Corporation by 7.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $138,000 after acquiring an additional 77 shares in the last quarter. Creative Planning raised its stake in shares of Marriot Vacations Worldwide Corporation by 3.2% during the 2nd quarter. Creative Planning now owns 1,307 shares of the company’s stock worth $154,000 after acquiring an additional 40 shares in the last quarter. Turner Investments LLC bought a new position in shares of Marriot Vacations Worldwide Corporation during the 2nd quarter worth approximately $177,000. Quantbot Technologies LP bought a new position in shares of Marriot Vacations Worldwide Corporation during the 2nd quarter worth approximately $196,000. Finally, M&T Bank Corp bought a new position in shares of Marriot Vacations Worldwide Corporation during the 2nd quarter worth approximately $204,000. Institutional investors and hedge funds own 75.52% of the company’s stock.

Marriot Vacations Worldwide Corporation Company Profile

Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.

Analyst Recommendations for Marriot Vacations Worldwide Corporation (NYSE:VAC)

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