Marriott Vacations Worldwide (VAC) Stock Rating Upgraded by Zacks Investment Research

Marriott Vacations Worldwide (NYSE:VAC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacation ownership resorts and vacation club, destination club and exchange programs, principally under the Marriott and Ritz-Carlton brands and trademarks. The Company generates most of its revenues from four primary sources: selling vacation ownership products, managing our resorts, financing consumer purchases of vacation ownership products and renting vacation ownership inventory. “

Several other research analysts also recently commented on the stock. Instinet started coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, October 25th. They issued a “buy” rating and a $151.00 price target on the stock. Nomura started coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, October 25th. They issued a “buy” rating and a $151.00 price target on the stock. ValuEngine downgraded shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $130.00 price target (up previously from $120.00) on shares of Marriott Vacations Worldwide in a research note on Thursday, September 21st. Finally, Macquarie started coverage on shares of Marriott Vacations Worldwide in a research note on Friday, January 5th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $133.22.

Marriott Vacations Worldwide (NYSE:VAC) opened at $136.80 on Friday. The company has a market cap of $3,624.52, a PE ratio of 22.57 and a beta of 1.20. Marriott Vacations Worldwide has a 12 month low of $79.83 and a 12 month high of $143.53. The company has a quick ratio of 4.65, a current ratio of 6.64 and a debt-to-equity ratio of 1.21.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.27. The company had revenue of $486.99 million for the quarter, compared to the consensus estimate of $470.05 million. Marriott Vacations Worldwide had a net margin of 8.28% and a return on equity of 17.91%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 EPS. analysts forecast that Marriott Vacations Worldwide will post 5.38 earnings per share for the current fiscal year.

In other Marriott Vacations Worldwide news, Director Melquiades R. Martinez sold 2,812 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $133.14, for a total transaction of $374,389.68. Following the transaction, the director now directly owns 445 shares in the company, valued at approximately $59,247.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO R. Lee Cunningham sold 9,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $135.02, for a total transaction of $1,215,180.00. Following the transaction, the chief operating officer now owns 19,356 shares in the company, valued at $2,613,447.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,312 shares of company stock worth $1,925,645. 3.30% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC grew its holdings in Marriott Vacations Worldwide by 6.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,186 shares of the company’s stock worth $1,107,000 after acquiring an additional 500 shares in the last quarter. AXA grew its holdings in Marriott Vacations Worldwide by 13.1% during the 3rd quarter. AXA now owns 59,745 shares of the company’s stock worth $7,440,000 after acquiring an additional 6,900 shares in the last quarter. California Public Employees Retirement System grew its holdings in Marriott Vacations Worldwide by 3.8% during the 3rd quarter. California Public Employees Retirement System now owns 73,715 shares of the company’s stock worth $9,180,000 after acquiring an additional 2,715 shares in the last quarter. Bamco Inc. NY grew its holdings in Marriott Vacations Worldwide by 0.6% during the 3rd quarter. Bamco Inc. NY now owns 2,162,214 shares of the company’s stock worth $269,261,000 after acquiring an additional 13,800 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in Marriott Vacations Worldwide by 52.8% during the 3rd quarter. Stifel Financial Corp now owns 3,599 shares of the company’s stock worth $441,000 after acquiring an additional 1,244 shares in the last quarter. Institutional investors own 74.00% of the company’s stock.

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About Marriott Vacations Worldwide

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 Marriott Vacations Worldwide (NYSE:VAC)

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