Marriott Vacations Worldwide Corp (NYSE:VAC) has been assigned an average recommendation of “Buy” from the eleven brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $142.27.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a research report on Tuesday, October 23rd. ValuEngine lowered Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Finally, Macquarie lowered Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a research report on Thursday, November 15th.
In related news, CEO Stephen P. Weisz bought 2,355 shares of the company’s stock in a transaction on Friday, November 9th. The shares were purchased at an average cost of $81.22 per share, with a total value of $191,273.10. Following the completion of the transaction, the chief executive officer now directly owns 186,352 shares of the company’s stock, valued at $15,135,509.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John E. Geller, Jr. bought 6,000 shares of the company’s stock in a transaction on Monday, November 12th. The stock was bought at an average cost of $76.73 per share, for a total transaction of $460,380.00. Following the completion of the transaction, the vice president now directly owns 79,165 shares of the company’s stock, valued at $6,074,330.45. The disclosure for this purchase can be found here. Insiders acquired 14,735 shares of company stock worth $1,156,758 over the last ninety days. 3.50% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Marriott Vacations Worldwide by 43.2% in the third quarter. BlackRock Inc. now owns 4,676,093 shares of the company’s stock worth $522,552,000 after purchasing an additional 1,411,002 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Marriott Vacations Worldwide by 63.2% in the third quarter. Vanguard Group Inc. now owns 3,428,227 shares of the company’s stock worth $383,104,000 after purchasing an additional 1,327,758 shares in the last quarter. Bamco Inc. NY grew its stake in shares of Marriott Vacations Worldwide by 14.5% in the third quarter. Bamco Inc. NY now owns 3,091,578 shares of the company’s stock worth $345,484,000 after purchasing an additional 392,033 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Marriott Vacations Worldwide by 53.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,234,273 shares of the company’s stock worth $249,679,000 after purchasing an additional 774,107 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Marriott Vacations Worldwide by 9.9% in the third quarter. FMR LLC now owns 1,450,041 shares of the company’s stock worth $162,041,000 after purchasing an additional 130,811 shares in the last quarter. 79.32% of the stock is owned by institutional investors.
VAC stock opened at $72.60 on Monday. The company has a current ratio of 3.83, a quick ratio of 3.00 and a debt-to-equity ratio of 1.11. The company has a market cap of $3.41 billion, a P/E ratio of 12.56, a PEG ratio of 1.25 and a beta of 1.51. Marriott Vacations Worldwide has a 12-month low of $72.10 and a 12-month high of $154.14.
Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $1.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.34). The firm had revenue of $750.00 million for the quarter, compared to analyst estimates of $717.48 million. Marriott Vacations Worldwide had a net margin of 4.04% and a return on equity of 10.28%. The business’s revenue was up 41.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.39 earnings per share. Sell-side analysts expect that Marriott Vacations Worldwide will post 5.83 earnings per share for the current year.
Marriott Vacations Worldwide Company Profile
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.
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