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

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. “

VAC has been the topic of several other reports. Janney Montgomery Scott reissued a “buy” rating and set a $140.00 price target on shares of Marriot Vacations Worldwide Corporation in a report on Tuesday, August 29th. Stifel Nicolaus reissued a “buy” rating and set a $130.00 price target (up from $120.00) on shares of Marriot Vacations Worldwide Corporation in a report on Thursday, September 21st. Deutsche Bank AG reissued a “hold” rating and set a $112.00 price target (up from $92.00) on shares of Marriot Vacations Worldwide Corporation in a report on Wednesday, August 9th. BidaskClub cut Marriot Vacations Worldwide Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, ValuEngine raised Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $129.88.

Shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) opened at 128.50 on Wednesday. The stock has a market capitalization of $3.47 billion, a P/E ratio of 23.11 and a beta of 1.13. The company’s 50 day moving average price is $121.29 and its 200-day moving average price is $116.01. Marriot Vacations Worldwide Corporation has a 12 month low of $61.03 and a 12 month high of $129.16.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.34. The firm had revenue of $497.62 million for the quarter, compared to analysts’ expectations of $489.85 million. Marriot Vacations Worldwide Corporation had a return on equity of 16.96% and a net margin of 7.90%. The company’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. Equities analysts predict that Marriot Vacations Worldwide Corporation will post $5.41 earnings per share for the current year.

Marriot Vacations Worldwide Corporation announced that its board has approved a stock repurchase program on Thursday, August 3rd that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: “Marriot Vacations Worldwide Corporation (VAC) Stock Rating Lowered by Zacks Investment Research” was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/25/marriot-vacations-worldwide-corporation-vac-stock-rating-lowered-by-zacks-investment-research.html.

In other news, VP Brian E. Miller sold 10,500 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $114.61, for a total value of $1,203,405.00. Following the completion of 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 Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder J W. Marriott, Jr. sold 5,962 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $114.18, for a total value of $680,741.16. Following the completion of the sale, the insider now owns 12,144 shares of the company’s stock, valued at $1,386,601.92. The disclosure for this sale can be found here. Corporate insiders own 3.30% of the company’s stock.

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Marriot Vacations Worldwide Corporation by 7.0% in 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. Creative Planning increased its stake in Marriot Vacations Worldwide Corporation by 3.2% in the 2nd quarter. Creative Planning now owns 1,307 shares of the company’s stock worth $154,000 after buying an additional 40 shares in the last quarter. Turner Investments LLC purchased a new stake in Marriot Vacations Worldwide Corporation in the 2nd quarter worth $177,000. Quantbot Technologies LP purchased a new stake in Marriot Vacations Worldwide Corporation in the 2nd quarter worth $196,000. Finally, M&T Bank Corp purchased a new stake in Marriot Vacations Worldwide Corporation in the 2nd quarter worth $204,000. Hedge funds and other institutional investors own 75.64% 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.

Get a free copy of the Zacks research report on Marriot Vacations Worldwide Corporation (VAC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Marriot Vacations Worldwide Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriot Vacations Worldwide Corporation and related companies with MarketBeat.com's FREE daily email newsletter.