Shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) have received an average rating of “Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $118.63.

Several analysts have issued reports on VAC shares. Deutsche Bank AG increased their target price on shares of Marriot Vacations Worldwide Corporation from $80.00 to $92.00 and gave the stock a “hold” rating in a research note on Monday, May 8th. Stifel Nicolaus increased their target price on shares of Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. Zacks Investment Research upgraded shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a research note on Wednesday, May 10th. ValuEngine raised shares of Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Buckingham Research started coverage on shares of Marriot Vacations Worldwide Corporation in a report on Monday, June 19th. They issued a “buy” rating and a $142.00 price target on the stock.

In related news, VP Brian E. Miller sold 10,500 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $114.61, for a total transaction of $1,203,405.00. Following the transaction, the vice president now owns 12,058 shares of the company’s stock, valued at approximately $1,381,967.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Lizabeth Kane-Hanan sold 5,000 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $119.00, for a total transaction of $595,000.00. Following the transaction, the vice president now directly owns 27,832 shares in the company, valued at approximately $3,312,008. The disclosure for this sale can be found here. Insiders sold a total of 53,361 shares of company stock worth $6,313,822 in the last three months. Insiders own 3.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Creative Planning raised its position in Marriot Vacations Worldwide Corporation by 12.4% in the first quarter. Creative Planning now owns 1,267 shares of the company’s stock valued at $127,000 after buying an additional 140 shares in the last quarter. JPMorgan Chase & Co. raised its position in Marriot Vacations Worldwide Corporation by 7.0% in the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $138,000 after buying an additional 77 shares in the last quarter. US Bancorp DE raised its position 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 valued at $147,000 after buying an additional 87 shares in the last quarter. Turner Investments LLC acquired a new position in Marriot Vacations Worldwide Corporation during the second quarter valued at approximately $177,000. Finally, Ameritas Investment Partners Inc. acquired a new position in Marriot Vacations Worldwide Corporation during the first quarter valued at approximately $193,000. 79.05% of the stock is currently owned by institutional investors.

Marriot Vacations Worldwide Corporation (NYSE VAC) traded up 0.30% on Tuesday, reaching $113.49. The company’s stock had a trading volume of 126,662 shares. The firm has a market capitalization of $3.07 billion, a PE ratio of 20.41 and a beta of 1.14. Marriot Vacations Worldwide Corporation has a 52 week low of $59.33 and a 52 week high of $128.25. The stock’s 50 day moving average is $114.09 and its 200-day moving average is $107.77.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last posted its earnings results on Thursday, August 3rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $497.62 million for the quarter, compared to analysts’ expectations of $489.85 million. During the same period in the prior year, the company posted $1.08 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. Analysts predict that Marriot Vacations Worldwide Corporation will post $5.58 EPS for the current year.

Marriot Vacations Worldwide Corporation declared that its Board of Directors has approved a share buyback program on Thursday, August 3rd that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are 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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