BidaskClub upgraded shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) from a strong sell rating to a sell rating in a research note published on Wednesday.

Several other brokerages also recently commented on VAC. Zacks Investment Research upgraded Marriot Vacations Worldwide Corporation from a hold rating to a buy rating and set a $129.00 target price for the company in a research note on Tuesday, August 8th. Telsey Advisory Group raised their target price on Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the stock a market perform rating in a research note on Friday, August 4th. ValuEngine upgraded Marriot Vacations Worldwide Corporation from a hold rating to a buy rating in a research note on Friday, June 2nd. Finally, Deutsche Bank AG restated a hold rating and issued a $112.00 target price (up previously from $92.00) on shares of Marriot Vacations Worldwide Corporation in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of Buy and an average price target of $118.63.

Marriot Vacations Worldwide Corporation (VAC) opened at 113.49 on Wednesday. The company’s 50-day moving average is $114.03 and its 200 day moving average is $107.96. Marriot Vacations Worldwide Corporation has a 1-year low of $59.33 and a 1-year high of $128.25. 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 (NYSE:VAC) last issued its earnings results on Thursday, August 3rd. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.26 by $0.34. Marriot Vacations Worldwide Corporation had a return on equity of 16.96% and a net margin of 7.90%. The business had revenue of $497.62 million during the quarter, compared to the consensus estimate of $489.85 million. During the same quarter last year, the company earned $1.08 EPS. The firm’s revenue was up 17.6% compared to the same quarter last year. On average, equities analysts expect that Marriot Vacations Worldwide Corporation will post $5.58 EPS for the current fiscal year.

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Marriot Vacations Worldwide Corporation announced that its board has authorized a stock repurchase plan on Thursday, August 3rd that allows the company to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

In other Marriot Vacations Worldwide Corporation news, insider Laurie A. Sullivan sold 1,407 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $121.04, for a total value of $170,303.28. Following the sale, the insider now owns 100 shares of the company’s stock, valued at approximately $12,104. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Hutchison III sold 3,599 shares of the firm’s stock in a transaction dated 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 approximately $151,350.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,361 shares of company stock worth $6,313,822. Insiders own 3.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Connable Office Inc. acquired a new stake in Marriot Vacations Worldwide Corporation during the first quarter valued at $216,000. Comerica Bank boosted its stake in Marriot Vacations Worldwide Corporation by 2.5% in the first quarter. Comerica Bank now owns 42,490 shares of the company’s stock valued at $4,674,000 after buying an additional 1,024 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Marriot Vacations Worldwide Corporation by 30.7% in the first quarter. Bank of New York Mellon Corp now owns 494,158 shares of the company’s stock valued at $49,381,000 after buying an additional 116,198 shares during the last quarter. 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 valued at $147,000 after buying an additional 87 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Marriot Vacations Worldwide Corporation by 38.4% in the first quarter. First Trust Advisors LP now owns 16,064 shares of the company’s stock valued at $1,605,000 after buying an additional 4,460 shares during the last quarter. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

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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