Shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) have earned an average rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $126.50.

Several research firms have recently weighed in on VAC. BidaskClub raised shares of Marriot Vacations Worldwide Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 23rd. Buckingham Research began coverage on shares of Marriot Vacations Worldwide Corporation in a research note on Monday, June 19th. They issued a “buy” rating and a $142.00 price target for the company. Deutsche Bank AG reissued a “hold” rating and issued a $112.00 price target (up previously from $92.00) on shares of Marriot Vacations Worldwide Corporation in a research note on Wednesday, August 9th. Janney Montgomery Scott reissued a “buy” rating and issued a $140.00 price target on shares of Marriot Vacations Worldwide Corporation in a research note on Tuesday, August 29th. Finally, ValuEngine raised shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.

Marriot Vacations Worldwide Corporation (NYSE VAC) opened at 125.69 on Wednesday. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 22.61 and a beta of 1.13. Marriot Vacations Worldwide Corporation has a 12 month low of $59.33 and a 12 month high of $128.75. The stock’s 50 day moving average price is $118.18 and its 200-day moving average price is $114.03.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $497.62 million during the quarter, compared to analysts’ expectations of $489.85 million. During the same quarter in the prior year, the company earned $1.08 EPS. Marriot Vacations Worldwide Corporation’s revenue was up 17.6% compared to the same quarter last year. Equities analysts expect that Marriot Vacations Worldwide Corporation will post $5.41 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $1.40 dividend on an annualized basis and a yield of 1.11%. Marriot Vacations Worldwide Corporation’s dividend payout ratio (DPR) is presently 25.18%.

Marriot Vacations Worldwide Corporation announced that its board has initiated a share buyback program on Thursday, August 3rd that allows the company to buyback 1,000,000 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in Marriot Vacations Worldwide Corporation by 7.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $138,000 after buying an additional 77 shares in the last quarter. US Bancorp DE raised its holdings in shares of Marriot Vacations Worldwide Corporation by 6.3% in the 1st quarter. US Bancorp DE now owns 1,475 shares of the company’s stock valued at $147,000 after purchasing an additional 87 shares in the last quarter. Creative Planning raised its holdings in shares of Marriot Vacations Worldwide Corporation by 3.2% in the 2nd quarter. Creative Planning now owns 1,307 shares of the company’s stock valued at $154,000 after purchasing an additional 40 shares in the last quarter. Turner Investments LLC acquired a new stake in shares of Marriot Vacations Worldwide Corporation in the 2nd quarter valued at $177,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Marriot Vacations Worldwide Corporation in the 1st quarter valued at $193,000. Institutional investors own 75.63% of the company’s stock.

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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