Marriot Vacations Worldwide Corporation (NYSE:VAC) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacation ownership resorts and vacation club, destination club and exchange programs, principally under the Marriott and Ritz-Carlton brands and trademarks. The Company generates most of its revenues from four primary sources: selling vacation ownership products, managing our resorts, financing consumer purchases of vacation ownership products and renting vacation ownership inventory. “

A number of other research firms have also recently weighed in on VAC. ValuEngine cut shares of Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $130.00 price objective (up previously from $120.00) on shares of Marriot Vacations Worldwide Corporation in a report on Thursday, September 21st. Telsey Advisory Group lifted their price objective on shares of Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the company a “market perform” rating in a report on Friday, August 4th. BidaskClub raised shares of Marriot Vacations Worldwide Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Marriot Vacations Worldwide Corporation in a report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $126.86.

Shares of Marriot Vacations Worldwide Corporation (NYSE VAC) traded down 1.17% during midday trading on Thursday, reaching $125.37. 218,719 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $116.73 and its 200 day moving average is $113.12. Marriot Vacations Worldwide Corporation has a one year low of $59.33 and a one year high of $128.75. The firm has a market cap of $3.39 billion, a PE ratio of 22.55 and a beta of 1.13.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last released its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $497.62 million during the quarter, compared to analysts’ expectations of $489.85 million. During the same quarter in the previous year, the company earned $1.08 earnings per share. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. Analysts anticipate that Marriot Vacations Worldwide Corporation will post $5.45 EPS for the current year.

Marriot Vacations Worldwide Corporation announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 3rd that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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In other news, major shareholder J W. Marriott, Jr. sold 5,962 shares of Marriot Vacations Worldwide Corporation stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $114.18, for a total value of $680,741.16. Following the sale, the insider now owns 12,144 shares in the company, valued at $1,386,601.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Brian E. Miller sold 10,500 shares of Marriot Vacations Worldwide Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $114.61, for a total transaction of $1,203,405.00. Following the completion of the sale, the vice president now owns 12,058 shares in the company, valued at approximately $1,381,967.38. The disclosure for this sale can be found here. 3.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in VAC. JPMorgan Chase & Co. grew its position in shares of Marriot Vacations Worldwide Corporation by 7.0% in the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $138,000 after purchasing an additional 77 shares during the period. US Bancorp DE grew its position in shares of Marriot Vacations Worldwide Corporation by 6.3% in the first quarter. US Bancorp DE now owns 1,475 shares of the company’s stock valued at $147,000 after purchasing an additional 87 shares during the period. Creative Planning grew its position in shares of Marriot Vacations Worldwide Corporation by 3.2% in the second quarter. Creative Planning now owns 1,307 shares of the company’s stock valued at $154,000 after purchasing an additional 40 shares during the period. Turner Investments LLC acquired a new stake in shares of Marriot Vacations Worldwide Corporation in the second quarter valued at about $177,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Marriot Vacations Worldwide Corporation in the first quarter valued at about $193,000. Institutional investors and hedge funds own 75.63% of the company’s stock.

Marriot Vacations Worldwide Corporation Company Profile

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.

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

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