Marriott Vacations Worldwide Corp. (NYSE:VAC) announced its quarterly earnings results on Thursday. The company reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $1.15 by $0.19. Marriott Vacations Worldwide Corp. had a net margin of 6.38% and a return on equity of 12.51%. The firm earned $407 million during the quarter, compared to the consensus estimate of $446.82 million. During the same quarter in the previous year, the company posted $0.82 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. Marriott Vacations Worldwide Corp. updated its FY16 guidance to $4.55-4.65 EPS.

Shares of Marriott Vacations Worldwide Corp. (NYSE:VAC) opened at 68.83 on Thursday. Marriott Vacations Worldwide Corp. has a one year low of $45.95 and a one year high of $80.27. The firm’s 50-day moving average price is $74.43 and its 200-day moving average price is $68.55. The firm has a market capitalization of $1.86 billion, a P/E ratio of 18.11 and a beta of 1.18.

Earnings History for Marriott Vacations Worldwide Corp. (NYSE:VAC)

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Thursday, September 22nd were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, September 20th. This represents a $1.20 dividend on an annualized basis and a yield of 1.74%. Marriott Vacations Worldwide Corp.’s payout ratio is currently 31.50%.

In related news, VP Brian E. Miller sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $78.66, for a total transaction of $314,640.00. Following the completion of the transaction, the vice president now owns 18,771 shares of the company’s stock, valued at $1,476,526.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. boosted its position in shares of Marriott Vacations Worldwide Corp. by 1,835.0% in the second quarter. Point72 Asset Management L.P. now owns 199,300 shares of the company’s stock valued at $13,650,000 after buying an additional 189,000 shares in the last quarter. EverPoint Asset Management LLC purchased a new position in shares of Marriott Vacations Worldwide Corp. during the second quarter valued at $10,274,000. Riverhead Capital Management LLC boosted its position in shares of Marriott Vacations Worldwide Corp. by 687.1% in the second quarter. Riverhead Capital Management LLC now owns 51,381 shares of the company’s stock valued at $772,000 after buying an additional 44,853 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Marriott Vacations Worldwide Corp. by 0.4% in the second quarter. BlackRock Fund Advisors now owns 1,562,587 shares of the company’s stock valued at $107,022,000 after buying an additional 6,985 shares in the last quarter. Finally, Teachers Advisors Inc. boosted its position in shares of Marriott Vacations Worldwide Corp. by 3.7% in the second quarter. Teachers Advisors Inc. now owns 174,353 shares of the company’s stock valued at $11,941,000 after buying an additional 6,298 shares in the last quarter. 78.31% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on VAC. Stifel Nicolaus increased their price target on Marriott Vacations Worldwide Corp. from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th. Zacks Investment Research upgraded Marriott Vacations Worldwide Corp. from a “hold” rating to a “strong-buy” rating and set a $91.00 price target for the company in a research note on Tuesday, July 26th. Telsey Advisory Group increased their price target on Marriott Vacations Worldwide Corp. from $69.00 to $83.00 and gave the company a “market perform” rating in a research note on Friday, July 22nd. Credit Suisse Group AG reiterated a “buy” rating and issued a $92.00 price target on shares of Marriott Vacations Worldwide Corp. in a research note on Monday, September 12th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Marriott Vacations Worldwide Corp. in a research report on Sunday, June 26th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $81.75.

About Marriott Vacations Worldwide Corp.

Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The Company is a developer, marketer and seller of vacation ownership and related products under The Ritz-Carlton Destination Club brand.

5 Day Chart for NYSE:VAC

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