Marriott Vacations Worldwide (NYSE:VAC) Stock Rating Upgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Marriott Vacations Worldwide (NYSE:VAC) from a neutral rating to an overweight rating in a report issued on Tuesday, The Fly reports. They currently have $118.00 price target on the stock, up from their previous price target of $98.00.

A number of other research firms have also recently commented on VAC. Zacks Investment Research cut shares of Marriott Vacations Worldwide from a buy rating to a hold rating in a report on Monday, May 13th. Deutsche Bank reaffirmed a hold rating and issued a $107.00 price target on shares of Marriott Vacations Worldwide in a report on Sunday, August 4th. Finally, ValuEngine raised shares of Marriott Vacations Worldwide from a sell rating to a hold rating in a report on Monday, July 29th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $123.67.

NYSE:VAC opened at $97.36 on Tuesday. The company has a current ratio of 3.41, a quick ratio of 2.62 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $4.24 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 1.36 and a beta of 1.66. The firm’s 50 day moving average is $94.39 and its 200 day moving average is $96.56. Marriott Vacations Worldwide has a 12 month low of $60.67 and a 12 month high of $126.17.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Marriott Vacations Worldwide had a net margin of 1.50% and a return on equity of 8.11%. Marriott Vacations Worldwide’s revenue was up 79.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.59 EPS. Research analysts predict that Marriott Vacations Worldwide will post 7.96 earnings per share for the current year.

In related news, VP James H. Iv Hunter sold 1,240 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $98.00, for a total value of $121,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael E. Yonker sold 929 shares of Marriott Vacations Worldwide 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 disclosure for this sale can be found here. Insiders sold a total of 12,069 shares of company stock valued at $1,179,653 over the last quarter. 2.30% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Marriott Vacations Worldwide by 6.6% in the 2nd quarter. BlackRock Inc. now owns 4,730,773 shares of the company’s stock valued at $456,047,000 after buying an additional 292,830 shares in the last quarter. Chartwell Investment Partners LLC grew its stake in Marriott Vacations Worldwide by 0.7% in the 2nd quarter. Chartwell Investment Partners LLC now owns 32,768 shares of the company’s stock valued at $3,159,000 after buying an additional 214 shares in the last quarter. Prudential PLC grew its stake in Marriott Vacations Worldwide by 52.0% in the 2nd quarter. Prudential PLC now owns 35,200 shares of the company’s stock valued at $3,379,000 after buying an additional 12,035 shares in the last quarter. Royal Bank of Canada grew its stake in Marriott Vacations Worldwide by 4.4% in the 2nd quarter. Royal Bank of Canada now owns 333,551 shares of the company’s stock valued at $32,154,000 after buying an additional 14,109 shares in the last quarter. Finally, Eaton Vance Management grew its stake in Marriott Vacations Worldwide by 53.8% in the 2nd quarter. Eaton Vance Management now owns 60,176 shares of the company’s stock valued at $5,801,000 after buying an additional 21,058 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

About Marriott Vacations Worldwide

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.

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Analyst Recommendations for Marriott Vacations Worldwide (NYSE:VAC)

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