Brokerages Set Marriott Vacations Worldwide Corp (NYSE:VAC) Price Target at $125.40

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Shares of Marriott Vacations Worldwide Corp (NYSE:VAC) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $125.40.

A number of research firms have recently weighed in on VAC. JPMorgan Chase & Co. dropped their target price on Marriott Vacations Worldwide from $118.00 to $117.00 and set an “overweight” rating for the company in a research report on Monday, October 7th. Deutsche Bank restated a “hold” rating and set a $107.00 target price on shares of Marriott Vacations Worldwide in a research report on Sunday, October 6th. Nomura set a $136.00 target price on Marriott Vacations Worldwide and gave the stock a “buy” rating in a research report on Wednesday, October 9th. SunTrust Banks dropped their target price on Marriott Vacations Worldwide from $148.00 to $147.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, ValuEngine upgraded Marriott Vacations Worldwide from a “strong sell” rating to a “sell” rating in a research report on Friday.

In related news, COO R. Lee Cunningham sold 3,259 shares of Marriott Vacations Worldwide stock in a transaction on Monday, November 4th. The stock was sold at an average price of $112.64, for a total transaction of $367,093.76. Following the completion of the sale, the chief operating officer now directly owns 35,440 shares of the company’s stock, valued at $3,991,961.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Hutchison III sold 984 shares of Marriott Vacations Worldwide stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $107.71, for a total value of $105,986.64. Following the sale, the director now directly owns 20,449 shares of the company’s stock, valued at $2,202,561.79. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,084 shares of company stock valued at $1,109,736. 2.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Marriott Vacations Worldwide by 6.6% during the second quarter. BlackRock Inc. now owns 4,730,773 shares of the company’s stock worth $456,047,000 after purchasing an additional 292,830 shares during the period. Iridian Asset Management LLC CT raised its holdings in Marriott Vacations Worldwide by 8.3% during the second quarter. Iridian Asset Management LLC CT now owns 1,325,332 shares of the company’s stock worth $127,762,000 after acquiring an additional 101,729 shares in the last quarter. Northern Trust Corp raised its holdings in Marriott Vacations Worldwide by 1.2% during the second quarter. Northern Trust Corp now owns 912,769 shares of the company’s stock worth $87,991,000 after acquiring an additional 11,204 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in Marriott Vacations Worldwide by 11.9% during the third quarter. Wedge Capital Management L L P NC now owns 606,115 shares of the company’s stock worth $62,800,000 after acquiring an additional 64,519 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Marriott Vacations Worldwide by 2.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 437,361 shares of the company’s stock worth $42,162,000 after acquiring an additional 10,520 shares in the last quarter. 81.19% of the stock is owned by institutional investors and hedge funds.

VAC traded up $1.59 during trading on Thursday, hitting $115.80. The company’s stock had a trading volume of 367,975 shares, compared to its average volume of 382,157. The firm’s 50 day moving average price is $107.06 and its two-hundred day moving average price is $99.77. The company has a quick ratio of 2.62, a current ratio of 3.41 and a debt-to-equity ratio of 1.21. Marriott Vacations Worldwide has a 12 month low of $60.67 and a 12 month high of $117.70. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.57 and a beta of 1.70.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.97 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.04 by ($0.07). Marriott Vacations Worldwide had a net margin of 1.50% and a return on equity of 8.11%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the firm posted $1.42 EPS. The company’s revenue for the quarter was up 51.9% compared to the same quarter last year. On average, sell-side analysts forecast that Marriott Vacations Worldwide will post 7.93 earnings per share for the current year.

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, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.

Read More: Example of operating income, EBIT and EBITDA

Analyst Recommendations for Marriott Vacations Worldwide (NYSE:VAC)

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