JPMorgan Chase & Co. upgraded shares of Marriott Vacations Worldwide (NYSE:VAC) from a neutral rating to an overweight rating in a report released on Tuesday, The Fly reports. The firm currently has $118.00 price objective on the stock, up from their prior price objective of $98.00.
VAC has been the subject of a number of other reports. Zacks Investment Research downgraded Marriott Vacations Worldwide from a buy rating to a hold rating in a report on Monday, May 13th. ValuEngine upgraded Marriott Vacations Worldwide from a sell rating to a hold rating in a report on Monday, July 29th. Finally, Deutsche Bank reiterated a hold rating and set a $107.00 price target on shares of Marriott Vacations Worldwide in a report on Sunday, August 4th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $123.67.
Shares of Marriott Vacations Worldwide stock 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 business has a 50-day moving average price of $94.39 and a two-hundred day moving average price of $96.56. Marriott Vacations Worldwide has a 1-year low of $60.67 and a 1-year high of $126.17. The company has a market cap of $4.24 billion, a P/E ratio of 16.56, a PEG ratio of 1.36 and a beta of 1.66.
Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.24. Marriott Vacations Worldwide had a return on equity of 8.11% and a net margin of 1.50%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $1.59 EPS. The business’s revenue was up 79.5% compared to the same quarter last year. Equities research analysts forecast that Marriott Vacations Worldwide will post 7.96 EPS for the current fiscal year.
In other news, VP James H. Iv Hunter sold 1,240 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $98.00, for a total value of $121,520.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brian E. Miller sold 7,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $98.45, for a total value of $689,150.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,069 shares of company stock valued at $1,179,653. Company insiders own 2.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of VAC. Iridian Asset Management LLC CT acquired a new stake in shares of Marriott Vacations Worldwide in the 1st quarter valued at about $114,407,000. Wedge Capital Management L L P NC acquired a new stake in shares of Marriott Vacations Worldwide in the 1st quarter valued at about $34,203,000. BlackRock Inc. grew its stake in shares of 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 during the period. Nuveen Asset Management LLC grew its stake in shares of Marriott Vacations Worldwide by 6,873.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 244,352 shares of the company’s stock valued at $23,556,000 after buying an additional 240,848 shares during the period. Finally, Icon Advisers Inc. Co. acquired a new stake in shares of Marriott Vacations Worldwide in the 2nd quarter valued at about $8,445,000. Institutional investors own 84.43% of the company’s stock.
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.
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