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

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. “

Several other analysts have also recently commented on VAC. Stifel Nicolaus restated a “buy” rating and set a $130.00 price target (up from $120.00) on shares of Marriott Vacations Worldwide in a report on Thursday, September 21st. ValuEngine cut shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Nomura initiated coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, October 25th. They issued a “buy” rating and a $151.00 target price for the company. Instinet initiated coverage on shares of Marriott Vacations Worldwide in a research note on Wednesday, October 25th. They issued a “buy” rating and a $151.00 target price for the company. Finally, Macquarie initiated coverage on shares of Marriott Vacations Worldwide in a research note on Friday. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $133.22.

Marriott Vacations Worldwide (NYSE:VAC) traded down $1.35 during mid-day trading on Friday, hitting $134.28. 233,793 shares of the company traded hands, compared to its average volume of 157,489. The company has a debt-to-equity ratio of 1.21, a quick ratio of 4.65 and a current ratio of 6.64. The firm has a market capitalization of $3,593.47, a PE ratio of 22.16 and a beta of 1.20. Marriott Vacations Worldwide has a twelve month low of $79.79 and a twelve month high of $143.53.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.14 by $0.27. The business had revenue of $486.99 million during the quarter, compared to analysts’ expectations of $470.05 million. Marriott Vacations Worldwide had a net margin of 8.28% and a return on equity of 17.91%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period last year, the company posted $0.96 earnings per share. analysts predict that Marriott Vacations Worldwide will post 5.38 EPS for the current fiscal year.

In other Marriott Vacations Worldwide news, COO R. Lee Cunningham sold 9,000 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $135.02, for a total value of $1,215,180.00. Following the completion of the sale, the chief operating officer now directly owns 19,356 shares in the company, valued at $2,613,447.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Melquiades R. Martinez sold 2,812 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $133.14, for a total transaction of $374,389.68. Following the completion of the sale, the director now owns 445 shares of the company’s stock, valued at $59,247.30. The disclosure for this sale can be found here. Insiders sold 14,312 shares of company stock valued at $1,925,645 over the last quarter. Corporate insiders own 3.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Bamco Inc. NY raised its position in shares of Marriott Vacations Worldwide by 0.6% in the third quarter. Bamco Inc. NY now owns 2,162,214 shares of the company’s stock valued at $269,261,000 after purchasing an additional 13,800 shares during the period. Prudential Financial Inc. raised its position in shares of Marriott Vacations Worldwide by 15.2% in the second quarter. Prudential Financial Inc. now owns 58,053 shares of the company’s stock valued at $6,836,000 after purchasing an additional 7,674 shares during the period. Northern Trust Corp raised its position in shares of Marriott Vacations Worldwide by 4.5% in the second quarter. Northern Trust Corp now owns 446,755 shares of the company’s stock valued at $52,605,000 after purchasing an additional 19,203 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Marriott Vacations Worldwide by 7.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 149,988 shares of the company’s stock valued at $18,679,000 after purchasing an additional 10,555 shares during the period. Finally, Cambria Investment Management L.P. bought a new position in shares of Marriott Vacations Worldwide in the second quarter valued at approximately $856,000. 74.00% of the stock is currently owned by institutional investors.

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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.

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