Marriott Vacations Worldwide Corp (NYSE:VAC) Receives $131.17 Consensus Target Price from Analysts

Shares of Marriott Vacations Worldwide Corp (NYSE:VAC) have been assigned an average rating of “Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $131.17.

A number of equities analysts recently weighed in on VAC shares. JPMorgan Chase & Co. dropped their target price on shares of 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. ValuEngine lowered shares of Marriott Vacations Worldwide from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 3rd. SunTrust Banks upped their target price on shares of Marriott Vacations Worldwide to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Nomura set a $136.00 target price on shares of Marriott Vacations Worldwide and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Stifel Nicolaus upped their target price on shares of Marriott Vacations Worldwide from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th.

In related news, VP Brian E. Miller sold 15,083 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $129.95, for a total transaction of $1,960,035.85. Following the sale, the vice president now owns 35,357 shares of the company’s stock, valued at $4,594,642.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO R. Lee Cunningham sold 3,259 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $112.64, for a total transaction of $367,093.76. Following the sale, the chief operating officer now directly owns 35,440 shares in the company, valued at approximately $3,991,961.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,204 shares of company stock worth $6,588,111. 2.30% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Marriott Vacations Worldwide by 4.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,696 shares of the company’s stock valued at $279,000 after acquiring an additional 110 shares during the period. First Hawaiian Bank raised its stake in shares of Marriott Vacations Worldwide by 1.2% in the third quarter. First Hawaiian Bank now owns 9,749 shares of the company’s stock valued at $1,010,000 after acquiring an additional 113 shares during the period. Whittier Trust Co. raised its stake in shares of Marriott Vacations Worldwide by 59.1% in the third quarter. Whittier Trust Co. now owns 342 shares of the company’s stock valued at $35,000 after acquiring an additional 127 shares during the period. Gateway Investment Advisers LLC raised its stake in shares of Marriott Vacations Worldwide by 2.3% in the third quarter. Gateway Investment Advisers LLC now owns 7,055 shares of the company’s stock valued at $731,000 after acquiring an additional 158 shares during the period. Finally, Chartwell Investment Partners LLC raised its stake in shares of Marriott Vacations Worldwide by 0.7% in the second quarter. Chartwell Investment Partners LLC now owns 32,768 shares of the company’s stock valued at $3,159,000 after acquiring an additional 214 shares during the period. 84.63% of the stock is currently owned by institutional investors.

Shares of VAC traded up $0.55 during mid-day trading on Tuesday, reaching $129.25. The stock had a trading volume of 152,394 shares, compared to its average volume of 241,493. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.58 and a beta of 1.73. Marriott Vacations Worldwide has a 12 month low of $80.00 and a 12 month high of $131.27. The business has a fifty day moving average of $126.94 and a 200 day moving average of $109.48. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.62 and a current ratio of 3.40.

Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.97 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.04 by ($0.07). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. Marriott Vacations Worldwide had a return on equity of 9.51% and a net margin of 2.50%. The business’s revenue for the quarter was up 51.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.42 earnings per share. On average, research analysts forecast that Marriott Vacations Worldwide will post 7.98 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 23rd were paid a dividend of $0.54 per share. This is an increase from Marriott Vacations Worldwide’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.16 dividend on an annualized basis and a yield of 1.67%. Marriott Vacations Worldwide’s dividend payout ratio is presently 36.73%.

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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Analyst Recommendations for Marriott Vacations Worldwide (NYSE:VAC)

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