Zacks Investment Research upgraded shares of Marriott Vacations Worldwide (NYSE:VAC) from a sell rating to a hold rating in a report published on Friday, January 12th.
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. “
VAC has been the topic of a number of other reports. Nomura assumed coverage on shares of Marriott Vacations Worldwide in a report on Wednesday, October 25th. They issued a buy rating and a $151.00 price target on the stock. Macquarie began coverage on shares of Marriott Vacations Worldwide in a report on Friday, January 5th. They set an outperform rating on the stock. ValuEngine cut shares of Marriott Vacations Worldwide from a buy rating to a hold rating in a report on Friday, December 1st. Instinet began coverage on shares of Marriott Vacations Worldwide in a report on Wednesday, October 25th. They set a buy rating and a $151.00 target price on the stock. Finally, Stifel Nicolaus reissued a buy rating and set a $130.00 price target (up from $120.00) on shares of Marriott Vacations Worldwide in a research report on Thursday, September 21st. One 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 company currently has an average rating of Buy and a consensus price target of $133.22.
Marriott Vacations Worldwide (NYSE:VAC) traded down $5.36 during trading on Friday, reaching $140.24. 211,871 shares of the company were exchanged, compared to its average volume of 194,453. The company has a current ratio of 6.64, a quick ratio of 4.65 and a debt-to-equity ratio of 1.21. Marriott Vacations Worldwide has a 52 week low of $86.03 and a 52 week high of $154.14. The stock has a market capitalization of $3,820.00, a P/E ratio of 23.10 and a beta of 1.25.
Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.27. The business had revenue of $486.99 million for the quarter, compared to analysts’ expectations of $470.05 million. Marriott Vacations Worldwide had a net margin of 8.28% and a return on equity of 17.91%. The business’s revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 earnings per share. sell-side analysts anticipate that Marriott Vacations Worldwide will post 5.38 EPS for the current year.
In other news, Director Melquiades R. Martinez sold 2,812 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $133.14, for a total transaction of $374,389.68. Following the sale, the director now owns 445 shares of the company’s stock, valued at approximately $59,247.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michael E. Yonker sold 1,242 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $151.06, for a total value of $187,616.52. Following the completion of the transaction, the vice president now owns 4,894 shares in the company, valued at approximately $739,287.64. The disclosure for this sale can be found here. Insiders have sold a total of 15,554 shares of company stock valued at $2,113,261 over the last three months. 3.30% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its holdings in Marriott Vacations Worldwide by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 139,433 shares of the company’s stock valued at $16,419,000 after buying an additional 1,519 shares during the period. SG Americas Securities LLC raised its holdings in Marriott Vacations Worldwide by 54.6% in the 2nd quarter. SG Americas Securities LLC now owns 2,085 shares of the company’s stock valued at $246,000 after buying an additional 736 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in Marriott Vacations Worldwide by 0.9% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 10,892 shares of the company’s stock valued at $1,283,000 after buying an additional 98 shares during the period. Prudential Financial Inc. raised its holdings in Marriott Vacations Worldwide by 15.2% in the 2nd quarter. Prudential Financial Inc. now owns 58,053 shares of the company’s stock valued at $6,836,000 after buying an additional 7,674 shares during the period. Finally, Swiss National Bank raised its holdings in Marriott Vacations Worldwide by 1.9% in the 2nd quarter. Swiss National Bank now owns 38,345 shares of the company’s stock valued at $4,515,000 after buying an additional 700 shares during the period. Institutional investors own 73.97% of the company’s stock.
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Marriott Vacations Worldwide 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.
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