Marriott Vacations Worldwide (NYSE:VAC) Downgraded by ValuEngine

Marriott Vacations Worldwide (NYSE:VAC) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Monday, ValuEngine reports.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. decreased their target price on Marriott Vacations Worldwide from $118.00 to $117.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Nomura set a $136.00 target price on Marriott Vacations Worldwide and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Deutsche Bank restated a “hold” rating and issued a $107.00 target price on shares of Marriott Vacations Worldwide in a research note on Sunday, October 6th. Finally, SunTrust Banks decreased their target price on Marriott Vacations Worldwide from $148.00 to $147.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $123.17.

Shares of NYSE:VAC traded up $0.66 during midday trading on Monday, reaching $109.29. 266,108 shares of the company traded hands, compared to its average volume of 388,928. The company has a quick ratio of 2.62, a current ratio of 3.41 and a debt-to-equity ratio of 1.21. Marriott Vacations Worldwide has a 12 month low of $60.67 and a 12 month high of $113.08. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.53 and a beta of 1.71. The firm’s fifty day moving average price is $104.95 and its two-hundred day moving average price is $99.13.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.24. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.11 billion. Marriott Vacations Worldwide had a return on equity of 8.11% and a net margin of 1.50%. The firm’s revenue for the quarter was up 79.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 EPS. Analysts forecast that Marriott Vacations Worldwide will post 7.93 earnings per share for the current year.

In other news, CEO Stephen P. Weisz acquired 4,000 shares of Marriott Vacations Worldwide stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $83.70 per share, for a total transaction of $334,800.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas J. Hutchison III sold 984 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $107.71, for a total value of $105,986.64. Following the transaction, the director now owns 20,449 shares in the company, valued at $2,202,561.79. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Marriott Vacations Worldwide by 6.6% during the 2nd quarter. BlackRock Inc. now owns 4,730,773 shares of the company’s stock valued at $456,047,000 after purchasing an additional 292,830 shares during the last quarter. Iridian Asset Management LLC CT increased its position in shares of Marriott Vacations Worldwide by 8.3% during the 2nd quarter. Iridian Asset Management LLC CT now owns 1,325,332 shares of the company’s stock valued at $127,762,000 after purchasing an additional 101,729 shares during the last quarter. Northern Trust Corp increased its position in shares of Marriott Vacations Worldwide by 1.2% during the 2nd quarter. Northern Trust Corp now owns 912,769 shares of the company’s stock valued at $87,991,000 after purchasing an additional 11,204 shares during the last quarter. Wedge Capital Management L L P NC increased its position in shares of Marriott Vacations Worldwide by 48.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 541,596 shares of the company’s stock valued at $52,210,000 after purchasing an additional 175,785 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Marriott Vacations Worldwide by 2.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 437,361 shares of the company’s stock valued at $42,162,000 after purchasing an additional 10,520 shares during the last quarter. Hedge funds and other institutional investors own 81.41% of the company’s stock.

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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Analyst Recommendations for Marriott Vacations Worldwide (NYSE:VAC)

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