Marriott Vacations Worldwide (NYSE:VAC) was upgraded by equities research analysts at SunTrust Banks from a “hold” rating to a “buy” rating in a report issued on Monday, April 30th, MarketBeat reports.
A number of other brokerages have also weighed in on VAC. ValuEngine raised shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Finally, Macquarie assumed coverage on shares of Marriott Vacations Worldwide in a research note on Friday, January 5th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $137.07.
Shares of NYSE:VAC traded up $1.61 during trading on Monday, reaching $118.43. 331,800 shares of the company’s stock traded hands, compared to its average volume of 282,414. Marriott Vacations Worldwide has a 12 month low of $116.52 and a 12 month high of $118.29. The company has a quick ratio of 3.83, a current ratio of 5.59 and a debt-to-equity ratio of 0.95. The company has a market cap of $3.12 billion, a PE ratio of 20.49 and a beta of 1.33.
Marriott Vacations Worldwide (NYSE:VAC) last posted its earnings results on Thursday, May 3rd. The company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.11). Marriott Vacations Worldwide had a return on equity of 16.31% and a net margin of 11.25%. The firm had revenue of $570.80 million during the quarter, compared to the consensus estimate of $519.37 million. During the same quarter last year, the company posted $1.22 EPS. Marriott Vacations Worldwide’s revenue for the quarter was up 8.0% on a year-over-year basis. research analysts forecast that Marriott Vacations Worldwide will post 7.07 EPS for the current fiscal year.
In related news, VP Dwight D. Smith sold 1,250 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $146.60, for a total value of $183,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael E. Yonker sold 2,636 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $143.21, for a total transaction of $377,501.56. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of VAC. Russell Investments Group Ltd. lifted its position in shares of Marriott Vacations Worldwide by 438.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,953 shares of the company’s stock valued at $866,000 after acquiring an additional 5,662 shares in the last quarter. Stifel Financial Corp increased its stake in Marriott Vacations Worldwide by 52.8% in the 3rd quarter. Stifel Financial Corp now owns 3,599 shares of the company’s stock valued at $441,000 after buying an additional 1,244 shares during the period. Nisa Investment Advisors LLC increased its stake in Marriott Vacations Worldwide by 6.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 8,186 shares of the company’s stock valued at $1,107,000 after buying an additional 500 shares during the period. Louisiana State Employees Retirement System increased its stake in Marriott Vacations Worldwide by 4.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 10,100 shares of the company’s stock valued at $1,366,000 after buying an additional 400 shares during the period. Finally, Capital Investment Advisors LLC acquired a new position in Marriott Vacations Worldwide in the 4th quarter valued at approximately $206,000. Institutional investors and hedge funds own 73.79% of the company’s stock.
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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