Marriott Vacations Worldwide Corp. Short Interest Up 61.0% in May (VAC)
Shares of Marriott Vacations Worldwide Corp. (NYSE:VAC) were the recipient of a large growth in short interest in May. As of May 15th, there was short interest totalling 874,791 shares, a growth of 61.0% from the April 30th total of 543,486 shares, American Banking News.com reports. Based on an average daily volume of 199,833 shares, the short-interest ratio is presently 4.4 days. Approximately 3.1% of the company’s shares are short sold.
In other Marriott Vacations Worldwide Corp. news, Insider Laurie A. Sullivan unloaded 1,784 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $56.10, for a total transaction of $100,082.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Marriott Vacations Worldwide Corp. in a research note on Wednesday, April 30th. They now have a $51.00 price target on the stock, up previously from $50.00. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $57.14.
Marriott Vacations Worldwide Corp. (NYSE:VAC) opened at 55.98 on Thursday. Marriott Vacations Worldwide Corp. has a 1-year low of $40.43 and a 1-year high of $58.14. The stock’s 50-day moving average is $55.71 and its 200-day moving average is $53.19. The company has a market cap of $1.928 billion and a price-to-earnings ratio of 25.51.
Marriott Vacations Worldwide Corp. (NYSE:VAC) last announced its earnings results on Tuesday, April 29th. The company reported $0.56 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.56. The company had revenue of $402.00 million for the quarter, compared to the consensus estimate of $409.10 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts expect that Marriott Vacations Worldwide Corp. will post $2.61 EPS for the current fiscal year.
Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacations ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.
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