Insider Buying: Marriott Vacations Worldwide Corp (VAC) Director Buys 6,380 Shares of Stock

Marriott Vacations Worldwide Corp (NYSE:VAC) Director Charles Elliott Andrews purchased 6,380 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were acquired at an average cost of $79.17 per share, with a total value of $505,104.60. Following the purchase, the director now directly owns 6,380 shares of the company’s stock, valued at approximately $505,104.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE VAC opened at $81.20 on Friday. Marriott Vacations Worldwide Corp has a twelve month low of $72.10 and a twelve month high of $154.14. The firm has a market cap of $3.84 billion, a P/E ratio of 14.05, a PEG ratio of 1.40 and a beta of 1.54. The company has a quick ratio of 3.00, a current ratio of 3.83 and a debt-to-equity ratio of 1.11.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, November 7th. The company reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.34). Marriott Vacations Worldwide had a return on equity of 10.28% and a net margin of 4.04%. The firm had revenue of $750.00 million for the quarter, compared to the consensus estimate of $717.48 million. During the same period in the prior year, the business earned $1.39 EPS. Marriott Vacations Worldwide’s quarterly revenue was up 41.5% on a year-over-year basis. On average, research analysts predict that Marriott Vacations Worldwide Corp will post 5.83 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new position in Marriott Vacations Worldwide during the second quarter worth $108,000. Macquarie Group Ltd. raised its stake in Marriott Vacations Worldwide by 266.7% during the second quarter. Macquarie Group Ltd. now owns 1,100 shares of the company’s stock worth $124,000 after buying an additional 800 shares during the last quarter. Moneta Group Investment Advisors LLC bought a new position in Marriott Vacations Worldwide during the second quarter worth $132,000. Cerebellum GP LLC bought a new position in Marriott Vacations Worldwide during the third quarter worth $151,000. Finally, First Republic Investment Management Inc. bought a new position in Marriott Vacations Worldwide during the third quarter worth $203,000.

Several equities analysts have recently issued reports on VAC shares. Nomura set a $158.00 price target on shares of Marriott Vacations Worldwide and gave the company a “buy” rating in a research note on Thursday, August 23rd. Zacks Investment Research raised shares of Marriott Vacations Worldwide from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research note on Wednesday, October 17th. ValuEngine raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. Finally, Macquarie downgraded shares of Marriott Vacations Worldwide from an “outperform” rating to a “neutral” rating in a research note on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $137.20.

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Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.

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Insider Buying and Selling by Quarter for Marriott Vacations Worldwide (NYSE:VAC)

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