Marriot Vacations Worldwide Corporation (NYSE:VAC) had its price target upped by stock analysts at Nomura from $151.00 to $160.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Nomura’s price objective would indicate a potential upside of 12.80% from the company’s current price.

VAC has been the topic of several other research reports. BidaskClub raised shares of Marriot Vacations Worldwide Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 23rd. Deutsche Bank AG reaffirmed 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 report on Wednesday, August 9th. Zacks Investment Research cut shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $140.00 price target on shares of Marriot Vacations Worldwide Corporation in a research report on Tuesday, August 29th. Finally, ValuEngine raised shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $133.22.

Marriot Vacations Worldwide Corporation (NYSE VAC) traded up $5.16 during mid-day trading on Friday, hitting $141.85. 409,974 shares of the stock were exchanged, compared to its average volume of 242,952. The company has a market cap of $3,758.32, a P/E ratio of 23.41 and a beta of 1.20. The company has a current ratio of 6.64, a quick ratio of 3.60 and a debt-to-equity ratio of 1.21.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.27. Marriot Vacations Worldwide Corporation had a net margin of 8.28% and a return on equity of 17.91%. The business had revenue of $486.99 million for the quarter, compared to analysts’ expectations of $470.05 million. During the same quarter last year, the firm earned $0.96 EPS. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. research analysts anticipate that Marriot Vacations Worldwide Corporation will post 5.37 earnings per share for the current fiscal year.

Marriot Vacations Worldwide Corporation announced that its board has approved a stock buyback plan on Thursday, August 3rd that permits the company to repurchase 1,000,000 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is 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 dated Monday, August 7th. The shares were 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 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 at this link. Also, major shareholder J W. Marriott, Jr. sold 5,962 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $114.18, for a total transaction of $680,741.16. Following the completion of the sale, the insider now owns 12,144 shares of the company’s stock, valued at approximately $1,386,601.92. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

Large investors have recently bought and sold shares of the business. 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 valued at $138,000 after buying an additional 77 shares during 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 valued at $154,000 after buying an additional 40 shares during the last quarter. Turner Investments LLC purchased a new stake in Marriot Vacations Worldwide Corporation in the 2nd quarter valued at about $177,000. Quantbot Technologies LP purchased a new stake in Marriot Vacations Worldwide Corporation in the 2nd quarter valued at about $196,000. Finally, M&T Bank Corp purchased a new stake in Marriot Vacations Worldwide Corporation in the 2nd quarter valued at about $204,000. Hedge funds and other 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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