Marriott Vacations Worldwide Corp (NYSE:VAC) Short Interest Update

Marriott Vacations Worldwide Corp (NYSE:VAC) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 2,020,000 shares, a drop of 11.4% from the September 30th total of 2,280,000 shares. Approximately 5.3% of the shares of the company are short sold. Based on an average trading volume of 354,000 shares, the days-to-cover ratio is currently 5.7 days.

Shares of Marriott Vacations Worldwide stock traded up $1.04 on Friday, reaching $120.51. The company’s stock had a trading volume of 287,788 shares, compared to its average volume of 258,942. The company has a market capitalization of $5.09 billion, a P/E ratio of 20.49, a PEG ratio of 1.63 and a beta of 1.70. Marriott Vacations Worldwide has a 52-week low of $60.67 and a 52-week high of $122.19. The stock has a 50-day moving average price of $109.02 and a 200-day moving average price of $100.41. The company has a quick ratio of 2.62, a current ratio of 3.40 and a debt-to-equity ratio of 1.27.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.97 EPS for the quarter, missing the Zacks’ consensus estimate of $2.04 by ($0.07). The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Marriott Vacations Worldwide had a net margin of 2.50% and a return on equity of 9.51%. The firm’s quarterly revenue was up 51.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.42 earnings per share. Sell-side analysts forecast that Marriott Vacations Worldwide will post 7.97 earnings per share for the current fiscal year.

In related news, COO R. Lee Cunningham sold 2,226 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $107.37, for a total transaction of $239,005.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas J. Hutchison III sold 984 shares of Marriott Vacations Worldwide stock in a transaction that occurred on 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 of the company’s stock, valued at $2,202,561.79. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,811 shares of company stock valued at $2,386,911. 2.30% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Knuff & Co LLC purchased a new stake in shares of Marriott Vacations Worldwide in the third quarter valued at approximately $25,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Marriott Vacations Worldwide in the second quarter worth approximately $26,000. Whittier Trust Co. boosted its stake in shares of Marriott Vacations Worldwide by 59.1% in the third quarter. Whittier Trust Co. now owns 342 shares of the company’s stock worth $35,000 after acquiring an additional 127 shares during the last quarter. Doyle Wealth Management acquired a new stake in shares of Marriott Vacations Worldwide in the second quarter worth approximately $52,000. Finally, Asset Planning Services Ltd. boosted its stake in shares of Marriott Vacations Worldwide by 11.8% in the second quarter. Asset Planning Services Ltd. now owns 1,190 shares of the company’s stock worth $115,000 after acquiring an additional 126 shares during the last quarter. Institutional investors and hedge funds own 81.56% of the company’s stock.

Several research analysts recently weighed in on VAC shares. ValuEngine upgraded Marriott Vacations Worldwide from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. cut their price objective on Marriott Vacations Worldwide from $118.00 to $117.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. SunTrust Banks boosted their price objective on Marriott Vacations Worldwide to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Deutsche Bank restated a “hold” rating and issued a $119.00 price objective on shares of Marriott Vacations Worldwide in a research report on Wednesday. Finally, Nomura set a $136.00 price objective on Marriott Vacations Worldwide and gave the company a “buy” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Marriott Vacations Worldwide has a consensus rating of “Hold” and an average target price of $128.50.

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, 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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