Marriot Vacations Worldwide Corporation (VAC) Stock Rating Reaffirmed by Stifel Nicolaus

Marriot Vacations Worldwide Corporation (NYSE:VAC)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a note issued to investors on Thursday. They presently have a $120.00 price objective on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 5.27% from the company’s previous close.

VAC has been the topic of a number of other research reports. Janney Montgomery Scott reissued a “buy” rating and issued a $140.00 price objective on shares of Marriot Vacations Worldwide Corporation in a report on Tuesday, August 29th. Deutsche Bank AG reaffirmed a “hold” rating and set a $112.00 price target (up previously from $92.00) on shares of Marriot Vacations Worldwide Corporation in a report on Wednesday, August 9th. Buckingham Research assumed coverage on shares of Marriot Vacations Worldwide Corporation in a report on Monday, June 19th. They set a “buy” rating and a $142.00 price target on the stock. ValuEngine raised shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research downgraded shares of Marriot Vacations Worldwide Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $125.43.

Marriot Vacations Worldwide Corporation (VAC) traded up 2.38% during mid-day trading on Thursday, reaching $116.70. 862,624 shares of the company were exchanged. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 20.99 and a beta of 1.15. Marriot Vacations Worldwide Corporation has a one year low of $59.33 and a one year high of $128.25. The stock has a 50 day moving average of $113.20 and a 200-day moving average of $110.79.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.34. The company had revenue of $497.62 million for the quarter, compared to the consensus estimate of $489.85 million. Marriot Vacations Worldwide Corporation had a net margin of 7.90% and a return on equity of 16.96%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 earnings per share. On average, equities analysts expect that Marriot Vacations Worldwide Corporation will post $5.48 earnings per share for the current fiscal year.

Marriot Vacations Worldwide Corporation declared that its Board of Directors has authorized a stock repurchase plan on Thursday, August 3rd that permits the company to buyback 1,000,000 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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In other news, VP John E. Geller, Jr. sold 7,366 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $119.70, for a total value of $881,710.20. Following the transaction, the vice president now owns 82,206 shares of the company’s stock, valued at $9,840,058.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen P. Weisz sold 9,851 shares of the business’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $119.84, for a total transaction of $1,180,543.84. Following the completion of the transaction, the chief executive officer now directly owns 179,185 shares in the company, valued at approximately $21,473,530.40. The disclosure for this sale can be found here. Insiders have sold 54,323 shares of company stock worth $6,399,563 in the last ninety days. Insiders own 3.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Marriot Vacations Worldwide Corporation by 42,912.0% in the first quarter. BlackRock Inc. now owns 2,875,350 shares of the company’s stock worth $287,334,000 after buying an additional 2,868,665 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Marriot Vacations Worldwide Corporation by 2.4% in the second quarter. Vanguard Group Inc. now owns 1,981,032 shares of the company’s stock worth $233,266,000 after buying an additional 46,756 shares in the last quarter. FMR LLC lifted its holdings in shares of Marriot Vacations Worldwide Corporation by 31.0% in the second quarter. FMR LLC now owns 1,324,355 shares of the company’s stock worth $155,943,000 after buying an additional 313,129 shares in the last quarter. State Street Corp lifted its holdings in shares of Marriot Vacations Worldwide Corporation by 2.9% in the second quarter. State Street Corp now owns 589,796 shares of the company’s stock worth $69,449,000 after buying an additional 16,399 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of 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 in the last quarter. 75.63% of the stock is currently owned by hedge funds and other institutional investors.

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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