Marriott Vacations Worldwide (VAC) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Marriott Vacations Worldwide (NYSE:VAC) from a strong sell rating to a hold rating in a research note released on Thursday.

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. “

Several other equities research analysts have also commented on the stock. Macquarie lowered shares of Marriott Vacations Worldwide from an outperform rating to a neutral rating in a report on Thursday, November 15th. ValuEngine lowered shares of Marriott Vacations Worldwide from a sell rating to a strong sell rating in a report on Monday, October 8th. Finally, Nomura set a $158.00 target price on shares of Marriott Vacations Worldwide and gave the stock a buy rating in a research note on Thursday, August 23rd. One analyst has rated the stock with a sell rating, three have issued 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 target price of $137.20.

Shares of NYSE VAC opened at $81.20 on Thursday. The firm has a market capitalization of $3.84 billion, a P/E ratio of 14.05, a P/E/G 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 has a one year low of $72.10 and a one year high of $154.14.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $1.42 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.34). The company had revenue of $750.00 million during the quarter, compared to analysts’ expectations of $717.48 million. Marriott Vacations Worldwide had a return on equity of 10.28% and a net margin of 4.04%. Marriott Vacations Worldwide’s revenue was up 41.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 EPS. Equities research analysts expect that Marriott Vacations Worldwide will post 5.83 earnings per share for the current year.

In other Marriott Vacations Worldwide news, CEO Stephen P. Weisz bought 2,355 shares of the stock in a transaction on Friday, November 9th. The shares were bought at an average price of $81.22 per share, with a total value of $191,273.10. Following the purchase, the chief executive officer now directly owns 186,352 shares in the company, valued at approximately $15,135,509.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John E. Geller, Jr. bought 6,000 shares of the stock in a transaction on Monday, November 12th. The shares were acquired at an average cost of $76.73 per share, for a total transaction of $460,380.00. Following the purchase, the vice president now owns 79,165 shares in the company, valued at $6,074,330.45. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 14,735 shares of company stock worth $1,156,758. 3.50% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Nomura Holdings Inc. acquired a new position in shares of Marriott Vacations Worldwide during the 2nd quarter valued at about $287,000. Savant Capital LLC acquired a new position in shares of Marriott Vacations Worldwide during the 3rd quarter valued at about $18,499,000. Moneta Group Investment Advisors LLC acquired a new position in shares of Marriott Vacations Worldwide during the 2nd quarter valued at about $132,000. Northern Trust Corp boosted its position in shares of Marriott Vacations Worldwide by 1.5% during the 2nd quarter. Northern Trust Corp now owns 439,319 shares of the company’s stock valued at $49,625,000 after acquiring an additional 6,683 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Marriott Vacations Worldwide by 1.7% during the 2nd quarter. FMR LLC now owns 1,319,230 shares of the company’s stock valued at $149,020,000 after acquiring an additional 21,916 shares during the last quarter.

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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