Marriot Vacations Worldwide Corporation’s (NYSE:VAC) “Hold” Rating Reiterated at Deutsche Bank AG

Deutsche Bank AG reiterated their hold rating on shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) in a research report released on Wednesday morning. They currently have a $112.00 price target on the stock, up from their prior price target of $92.00.

Several other research firms have also issued reports on VAC. ValuEngine upgraded shares of Marriot Vacations Worldwide Corporation from a hold rating to a buy rating in a research report on Friday, June 2nd. Stifel Nicolaus raised their price target on shares of Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the stock a buy rating in a research report on Monday, May 22nd. Zacks Investment Research upgraded shares of Marriot Vacations Worldwide Corporation from a hold rating to a buy rating and set a $129.00 price target on the stock in a research report on Wednesday, May 10th. Janney Montgomery Scott assumed coverage on shares of Marriot Vacations Worldwide Corporation in a research report on Thursday, April 20th. They issued a buy rating and a $119.00 price target on the stock. Finally, Buckingham Research assumed coverage on shares of Marriot Vacations Worldwide Corporation in a research report on Monday, June 19th. They issued a buy rating and a $142.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $118.63.

Shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) traded down 0.54% during mid-day trading on Wednesday, hitting $108.79. 229,422 shares of the stock traded hands. Marriot Vacations Worldwide Corporation has a 52 week low of $59.33 and a 52 week high of $128.25. The stock has a 50-day moving average of $115.83 and a 200-day moving average of $106.17. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 19.57 and a beta of 1.14.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.34. Marriot Vacations Worldwide Corporation had a net margin of 7.90% and a return on equity of 16.96%. The business had revenue of $497.62 million for the quarter, compared to analyst estimates of $489.85 million. During the same period last year, the business posted $1.08 EPS. Marriot Vacations Worldwide Corporation’s revenue was up 17.6% compared to the same quarter last year. Analysts anticipate that Marriot Vacations Worldwide Corporation will post $5.52 EPS for the current year.

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

In other news, VP Brian E. Miller sold 10,500 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $114.61, for a total transaction of $1,203,405.00. Following the completion of the transaction, the vice president now directly owns 12,058 shares of the company’s stock, valued at approximately $1,381,967.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lizabeth Kane-Hanan sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $119.00, for a total transaction of $595,000.00. Following the transaction, the vice president now directly owns 27,832 shares of the company’s stock, valued at $3,312,008. The disclosure for this sale can be found here. Insiders have sold a total of 53,361 shares of company stock valued at $6,313,822 over the last ninety days. 3.30% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in Marriot Vacations Worldwide Corporation by 30.7% in the first quarter. Bank of New York Mellon Corp now owns 494,158 shares of the company’s stock worth $49,381,000 after buying an additional 116,198 shares during the last quarter. US Bancorp DE increased its position in Marriot Vacations Worldwide Corporation by 6.3% in the first quarter. US Bancorp DE now owns 1,475 shares of the company’s stock worth $147,000 after buying an additional 87 shares during the last quarter. First Trust Advisors LP increased its position in Marriot Vacations Worldwide Corporation by 38.4% in the first quarter. First Trust Advisors LP now owns 16,064 shares of the company’s stock worth $1,605,000 after buying an additional 4,460 shares during the last quarter. Great West Life Assurance Co. Can increased its position in Marriot Vacations Worldwide Corporation by 6.7% in the first quarter. Great West Life Assurance Co. Can now owns 34,136 shares of the company’s stock worth $3,408,000 after buying an additional 2,131 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. increased its position in Marriot Vacations Worldwide Corporation by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 14,700 shares of the company’s stock worth $1,469,000 after buying an additional 400 shares during the last quarter. 78.93% of the stock is owned by institutional investors.

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.

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

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