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Marriott Vacations Worldwide Corp (NYSE:VAC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Thursday. They currently have a $64.00 target price on the stock. Zacks‘s price target indicates a potential upside of 7.69% from the company’s current price.

In other Marriott Vacations Worldwide Corp news, major shareholder J W. Marriott, Jr. sold 22,780 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $59.61, for a total value of $1,357,915.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Several other analysts have also recently commented on the stock. Analysts at MKM Partners raised their price target on shares of Marriott Vacations Worldwide Corp from $65.00 to $67.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Analysts at JMP Securities reiterated a “market outperform” rating on shares of Marriott Vacations Worldwide Corp in a research note on Friday, July 25th. They now have a $70.00 price target on the stock, up previously from $65.00. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $60.17.

Shares of Marriott Vacations Worldwide Corp (NYSE:VAC) traded up 1.02% during mid-day trading on Thursday, hitting $60.035. 57,656 shares of the company’s stock traded hands. Marriott Vacations Worldwide Corp has a 1-year low of $42.97 and a 1-year high of $60.82. The stock has a 50-day moving average of $57.90 and a 200-day moving average of $55.76. The company has a market cap of $2.006 billion and a P/E ratio of 25.18.

Marriott Vacations Worldwide Corp (NYSE:VAC) last released its earnings data on Thursday, July 24th. The company reported $0.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.67 by $0.20. The company had revenue of $410.00 million for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter last year, the company posted $0.73 earnings per share. Marriott Vacations Worldwide Corp’s revenue was down 2.6% compared to the same quarter last year. On average, analysts predict that Marriott Vacations Worldwide Corp will post $2.77 earnings per share 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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