Marriot Vacations Worldwide Corporation (VAC) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) from a hold rating to a sell rating in a research report report published on Wednesday.

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. “

Other equities research analysts have also recently issued reports about the company. Telsey Advisory Group lifted their price objective on Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the stock a market perform rating in a research note on Friday, August 4th. Nomura began coverage on Marriot Vacations Worldwide Corporation in a research note on Wednesday. They set a buy rating and a $151.00 price objective for the company. ValuEngine cut Marriot Vacations Worldwide Corporation from a buy rating to a hold rating in a research note on Tuesday, October 3rd. BidaskClub cut Marriot Vacations Worldwide Corporation from a sell rating to a strong sell rating in a research note on Monday, August 14th. Finally, Stifel Nicolaus reissued a buy rating and issued a $130.00 target price (up from $120.00) on shares of Marriot Vacations Worldwide Corporation in a research note on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Marriot Vacations Worldwide Corporation has an average rating of Hold and a consensus price target of $132.22.

Shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) opened at 131.24 on Wednesday. The stock has a market capitalization of $3.55 billion, a P/E ratio of 23.60 and a beta of 1.13. The stock’s 50 day moving average price is $122.69 and its 200 day moving average price is $116.44. Marriot Vacations Worldwide Corporation has a one year low of $61.71 and a one year high of $132.52.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.34. Marriot Vacations Worldwide Corporation had a return on equity of 16.96% and a net margin of 7.90%. The business had revenue of $497.62 million during the quarter, compared to analysts’ expectations of $489.85 million. During the same period in the previous year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, analysts forecast that Marriot Vacations Worldwide Corporation will post $5.41 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.com-unik.info/2017/10/29/marriot-vacations-worldwide-corporation-vac-rating-lowered-to-sell-at-zacks-investment-research.html.

Marriot Vacations Worldwide Corporation declared that its board has initiated a share repurchase plan on Thursday, August 3rd that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Thursday, September 21st were paid a $0.35 dividend. The ex-dividend date was Wednesday, September 20th. This represents a $1.40 dividend on an annualized basis and a yield of 1.07%. Marriot Vacations Worldwide Corporation’s payout ratio is 25.18%.

In other Marriot Vacations Worldwide Corporation news, VP Brian E. Miller sold 10,500 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $114.61, for a total value 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 $1,381,967.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder J W. Marriott, Jr. sold 5,962 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $114.18, for a total value of $680,741.16. Following the completion of the transaction, the insider now directly owns 12,144 shares of the company’s stock, valued at $1,386,601.92. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of VAC. JPMorgan Chase & Co. lifted its holdings in shares of Marriot Vacations Worldwide Corporation by 7.0% in the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $138,000 after purchasing an additional 77 shares in the last quarter. Creative Planning lifted its holdings in shares of Marriot Vacations Worldwide Corporation by 3.2% in the second quarter. Creative Planning now owns 1,307 shares of the company’s stock valued at $154,000 after purchasing an additional 40 shares in the last quarter. Turner Investments LLC bought a new stake in shares of Marriot Vacations Worldwide Corporation in the second quarter valued at about $177,000. Quantbot Technologies LP bought a new stake in shares of Marriot Vacations Worldwide Corporation in the second quarter valued at about $196,000. Finally, M&T Bank Corp bought a new stake in shares of Marriot Vacations Worldwide Corporation in the second quarter valued at about $204,000. Institutional investors own 75.64% of the company’s stock.

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.

Get a free copy of the Zacks research report on Marriot Vacations Worldwide Corporation (VAC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

What are top analysts saying about Marriot Vacations Worldwide Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Marriot Vacations Worldwide Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit