Marriot Vacations Worldwide Corporation (NYSE:VAC) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Monday.

A number of other equities analysts have also recently weighed in on VAC. Deutsche Bank AG reaffirmed a “hold” rating and set a $112.00 price target (up from $92.00) on shares of Marriot Vacations Worldwide Corporation in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research note on Tuesday, August 8th. Telsey Advisory Group upped their price target on shares of Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the stock a “market perform” rating in a research note on Friday, August 4th. Stifel Nicolaus upped their price target on shares of Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. Finally, Buckingham Research began coverage on shares of Marriot Vacations Worldwide Corporation in a research note on Monday, June 19th. They set a “buy” rating and a $142.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Marriot Vacations Worldwide Corporation presently has a consensus rating of “Buy” and a consensus price target of $118.63.

Shares of Marriot Vacations Worldwide Corporation (VAC) traded up 2.08% during mid-day trading on Monday, hitting $111.05. 130,828 shares of the stock traded hands. Marriot Vacations Worldwide Corporation has a 12-month low of $59.33 and a 12-month high of $128.25. The firm has a market cap of $3.00 billion, a price-to-earnings ratio of 19.97 and a beta of 1.14. The firm’s 50 day moving average price is $115.58 and its 200 day moving average price is $106.62.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.34. Marriot Vacations Worldwide Corporation had a net margin of 7.90% and a return on equity of 16.96%. The business had revenue of $497.62 million for the quarter, compared to analysts’ expectations of $489.85 million. During the same period in the prior year, the company posted $1.08 EPS. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities research analysts predict that Marriot Vacations Worldwide Corporation will post $5.58 EPS for the current fiscal year.

Marriot Vacations Worldwide Corporation announced that its Board of Directors has approved a share buyback plan on Thursday, August 3rd that allows the company to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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In related news, insider Laurie A. Sullivan sold 1,407 shares of the stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $121.04, for a total value of $170,303.28. Following the sale, the insider now directly owns 100 shares of the company’s stock, valued at approximately $12,104. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Stephen P. Weisz sold 9,851 shares of the stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $119.84, for a total transaction of $1,180,543.84. Following the completion of the sale, the chief executive officer now directly owns 179,185 shares in the company, valued at $21,473,530.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,361 shares of company stock worth $6,313,822. 3.30% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in shares of Marriot Vacations Worldwide Corporation by 1.8% in the first quarter. PNC Financial Services Group Inc. now owns 7,213 shares of the company’s stock worth $721,000 after buying an additional 126 shares during the last quarter. Rothschild Asset Management Inc. boosted its stake in shares of Marriot Vacations Worldwide Corporation by 5.2% in the third quarter. Rothschild Asset Management Inc. now owns 316,121 shares of the company’s stock worth $23,178,000 after buying an additional 15,760 shares during the last quarter. Gerstein Fisher acquired a new stake in shares of Marriot Vacations Worldwide Corporation during the third quarter worth approximately $2,686,000. DUPONT CAPITAL MANAGEMENT Corp boosted its stake in shares of Marriot Vacations Worldwide Corporation by 41.4% in the fourth quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 39,424 shares of the company’s stock worth $2,245,000 after buying an additional 11,535 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Marriot Vacations Worldwide Corporation by 14.4% in the fourth quarter. AQR Capital Management LLC now owns 24,027 shares of the company’s stock worth $2,038,000 after buying an additional 3,026 shares during the last quarter. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

About Marriot Vacations Worldwide Corporation

Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.

Analyst Recommendations for Marriot Vacations Worldwide Corporation (NYSE:VAC)

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