Marriott Vacations Worldwide (NYSE:VAC)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Sunday, AnalystRatings.com reports. They currently have a $107.00 price objective on the stock. Deutsche Bank’s target price points to a potential upside of 18.89% from the stock’s current price.
A number of other analysts have also recently commented on the stock. JPMorgan Chase & Co. started coverage on shares of Marriott Vacations Worldwide in a research note on Monday, June 3rd. They set a “neutral” rating and a $98.00 target price for the company. Zacks Investment Research cut shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Finally, ValuEngine raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Marriott Vacations Worldwide has a consensus rating of “Hold” and an average target price of $120.33.
Shares of VAC stock traded down $6.69 on Friday, reaching $90.00. 636,289 shares of the company were exchanged, compared to its average volume of 296,916. The company has a market cap of $4.33 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 1.37 and a beta of 1.66. The firm has a 50-day moving average of $97.54. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.32 and a current ratio of 3.41. Marriott Vacations Worldwide has a 1 year low of $60.67 and a 1 year high of $126.84.
Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, July 31st. The company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Marriott Vacations Worldwide had a net margin of 1.50% and a return on equity of 8.11%. The company’s quarterly revenue was up 79.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.59 earnings per share. Analysts anticipate that Marriott Vacations Worldwide will post 7.84 EPS for the current year.
In related news, EVP Ovidio Elias Vitas sold 400 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $99.27, for a total transaction of $39,708.00. Following the completion of the sale, the executive vice president now owns 2,854 shares of the company’s stock, valued at approximately $283,316.58. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP James H. Iv Hunter sold 1,240 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $98.00, for a total transaction of $121,520.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,069 shares of company stock valued at $1,179,653. 2.30% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in VAC. Iridian Asset Management LLC CT purchased a new stake in Marriott Vacations Worldwide during the 1st quarter valued at about $114,407,000. Norges Bank purchased a new stake in Marriott Vacations Worldwide during the 4th quarter valued at about $27,115,000. Wedge Capital Management L L P NC purchased a new stake in Marriott Vacations Worldwide during the 1st quarter valued at about $34,203,000. Icon Advisers Inc. Co. purchased a new stake in Marriott Vacations Worldwide during the 2nd quarter valued at about $8,445,000. Finally, Geode Capital Management LLC grew its stake in Marriott Vacations Worldwide by 10.6% during the 4th quarter. Geode Capital Management LLC now owns 444,039 shares of the company’s stock valued at $31,308,000 after acquiring an additional 42,628 shares in the last quarter. 81.59% of the stock is owned by institutional investors.
About Marriott Vacations Worldwide
Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.
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