Research analysts at Macquarie initiated coverage on shares of Marriott Vacations Worldwide (NYSE:VAC) in a research note issued on Friday, The Fly reports. The brokerage set an “outperform” rating on the stock.
A number of other brokerages have also commented on VAC. ValuEngine lowered Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Nomura increased their price objective on Marriott Vacations Worldwide from $151.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Instinet initiated coverage on Marriott Vacations Worldwide in a research report on Wednesday, October 25th. They issued a “buy” rating and a $151.00 price objective on the stock. Zacks Investment Research lowered Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $130.00 price objective (up from $120.00) on shares of Marriott Vacations Worldwide in a research report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $133.22.
Shares of Marriott Vacations Worldwide (NYSE:VAC) opened at $135.63 on Friday. The company has a market capitalization of $3,590.00, a P/E ratio of 22.34 and a beta of 1.20. Marriott Vacations Worldwide has a 12-month low of $79.79 and a 12-month high of $143.53. The company has a current ratio of 6.64, a quick ratio of 4.65 and a debt-to-equity ratio of 1.21.
Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Thursday, November 2nd. The company reported $1.41 EPS for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.27. The business had revenue of $486.99 million for the quarter, compared to analyst estimates of $470.05 million. Marriott Vacations Worldwide had a return on equity of 17.91% and a net margin of 8.28%. Marriott Vacations Worldwide’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 EPS. analysts anticipate that Marriott Vacations Worldwide will post 5.38 earnings per share for the current year.
In other news, Director Melquiades R. Martinez sold 2,812 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $133.14, for a total value of $374,389.68. Following the transaction, the director now directly owns 445 shares in the company, valued at approximately $59,247.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael E. Yonker sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $134.43, for a total value of $336,075.00. Following the completion of the transaction, the vice president now owns 3,128 shares in the company, valued at $420,497.04. The disclosure for this sale can be found here. Insiders sold a total of 14,312 shares of company stock worth $1,925,645 over the last 90 days. 3.30% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of Marriott Vacations Worldwide in the 3rd quarter worth $102,000. US Bancorp DE raised its stake in Marriott Vacations Worldwide by 213.1% during the 3rd quarter. US Bancorp DE now owns 1,387 shares of the company’s stock worth $102,000 after buying an additional 944 shares during the period. Creative Planning raised its stake in Marriott Vacations Worldwide by 12.4% during the 1st quarter. Creative Planning now owns 1,267 shares of the company’s stock worth $127,000 after buying an additional 140 shares during the period. Elkfork Partners LLC acquired a new stake in Marriott Vacations Worldwide during the 4th quarter worth $128,000. Finally, BlackRock Inc. raised its stake in Marriott Vacations Worldwide by 106.9% during the 1st quarter. BlackRock Inc. now owns 2,032 shares of the company’s stock worth $137,000 after buying an additional 1,050 shares during the period. Institutional investors and hedge funds own 74.00% of the company’s stock.
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About Marriott Vacations Worldwide
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.