Marriott Vacations Worldwide (NYSE:VAC) Raised to “Hold” at ValuEngine

ValuEngine upgraded shares of Marriott Vacations Worldwide (NYSE:VAC) from a sell rating to a hold rating in a report issued on Monday morning, ValuEngine reports.

VAC has been the subject of several other research reports. JPMorgan Chase & Co. initiated coverage on shares of Marriott Vacations Worldwide in a research report on Monday, June 3rd. They issued a neutral rating and a $98.00 price target for the company. Zacks Investment Research cut shares of Marriott Vacations Worldwide from a buy rating to a hold rating in a research report on Monday, May 13th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $118.00.

Shares of VAC opened at $102.23 on Monday. The stock has a 50 day simple moving average of $97.76. Marriott Vacations Worldwide has a fifty-two week low of $60.67 and a fifty-two week high of $126.84. The stock has a market cap of $4.62 billion, a PE ratio of 17.39, a PEG ratio of 1.46 and a beta of 1.66. The company has a debt-to-equity ratio of 1.16, a current ratio of 3.05 and a quick ratio of 2.32.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.69 by ($0.24). Marriott Vacations Worldwide had a return on equity of 8.05% and a net margin of 0.60%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the company posted $1.39 EPS. Marriott Vacations Worldwide’s revenue for the quarter was up 85.6% on a year-over-year basis. On average, equities analysts expect that Marriott Vacations Worldwide will post 7.68 earnings per share for the current fiscal year.

In related news, VP Michael E. Yonker sold 929 shares of the stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $100.00, for a total transaction of $92,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas J. Hutchison III sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $94.55, for a total transaction of $236,375.00. The disclosure for this sale can be found here. Insiders have sold 12,069 shares of company stock valued at $1,179,653 in the last three months. 2.30% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Signaturefd LLC lifted its position in Marriott Vacations Worldwide by 211.8% during the first quarter. Signaturefd LLC now owns 265 shares of the company’s stock valued at $25,000 after acquiring an additional 180 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Marriott Vacations Worldwide during the 2nd quarter valued at approximately $26,000. AllSquare Wealth Management LLC acquired a new position in Marriott Vacations Worldwide during the 1st quarter valued at approximately $44,000. Smithfield Trust Co. acquired a new position in Marriott Vacations Worldwide during the 1st quarter valued at approximately $79,000. Finally, Exane Derivatives increased its stake in Marriott Vacations Worldwide by 75.5% during the 1st quarter. Exane Derivatives now owns 937 shares of the company’s stock valued at $88,000 after purchasing an additional 403 shares in the last quarter. 81.59% of the stock is owned by institutional investors.

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: Outstanding Shares and The Effect on Share Price

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Analyst Recommendations for Marriott Vacations Worldwide (NYSE:VAC)

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