Marriot Vacations Worldwide Corporation (NYSE:VAC) has been assigned a consensus rating of “Buy” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $114.29.

Several analysts have issued reports on VAC shares. ValuEngine raised shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Stifel Nicolaus boosted their target price on shares of Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. Zacks Investment Research raised shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 price target on the stock in a research note on Wednesday, May 10th. Janney Montgomery Scott began coverage on shares of Marriot Vacations Worldwide Corporation in a research note on Thursday, April 20th. They issued a “buy” rating and a $119.00 price target on the stock. Finally, Buckingham Research began coverage on shares of Marriot Vacations Worldwide Corporation in a research note on Monday, June 19th. They issued a “buy” rating and a $142.00 price target on the stock.

In related news, Director Thomas J. Hutchison III sold 3,599 shares of the company’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $118.15, for a total value of $425,221.85. Following the completion of the sale, the director now directly owns 1,281 shares in the company, valued at $151,350.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laurie A. Sullivan sold 1,407 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $121.04, for a total transaction of $170,303.28. Following the completion of the sale, the insider now owns 100 shares of the company’s stock, valued at $12,104. The disclosure for this sale can be found here. Insiders sold 42,861 shares of company stock valued at $5,110,417 over the last quarter. 3.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of VAC. Stratos Wealth Partners LTD. boosted its stake in shares of Marriot Vacations Worldwide Corporation by 0.3% in the first quarter. Stratos Wealth Partners LTD. now owns 5,858 shares of the company’s stock worth $585,000 after buying an additional 15 shares in the last quarter. Creative Planning boosted its stake in shares of Marriot Vacations Worldwide Corporation by 3.2% in the second quarter. Creative Planning now owns 1,307 shares of the company’s stock worth $154,000 after buying an additional 40 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Marriot Vacations Worldwide Corporation by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 7,686 shares of the company’s stock worth $899,000 after buying an additional 50 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Marriot Vacations Worldwide Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 2,700 shares of the company’s stock worth $269,000 after buying an additional 70 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Marriot Vacations Worldwide Corporation by 6.3% in the first quarter. US Bancorp DE now owns 1,475 shares of the company’s stock worth $147,000 after buying an additional 87 shares during the period. Hedge funds and other institutional investors own 78.93% of the company’s stock.

Marriot Vacations Worldwide Corporation (NYSE:VAC) traded down 0.54% during midday trading on Friday, hitting $114.62. The stock had a trading volume of 164,304 shares. The firm has a 50 day moving average price of $118.04 and a 200 day moving average price of $104.92. Marriot Vacations Worldwide Corporation has a one year low of $59.33 and a one year high of $128.25. The stock has a market cap of $3.11 billion, a PE ratio of 21.86 and a beta of 1.14.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last announced its earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.34. Marriot Vacations Worldwide Corporation had a net margin of 7.90% and a return on equity of 16.96%. The company had revenue of $497.62 million for the quarter, compared to the consensus estimate of $489.85 million. During the same period in the previous year, the business earned $1.08 EPS. The company’s revenue was up 17.6% on a year-over-year basis. Equities analysts expect that Marriot Vacations Worldwide Corporation will post $5.50 EPS for the current year.

Marriot Vacations Worldwide Corporation announced that its Board of Directors has initiated a share buyback program on Thursday, August 3rd that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

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Marriot Vacations Worldwide Corporation Company Profile

Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.

Analyst Recommendations for Marriot Vacations Worldwide Corporation (NYSE:VAC)

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