Marriot Vacations Worldwide Corporation (NYSE:VAC)‘s stock had its “buy” rating restated by analysts at Janney Montgomery Scott in a report released on Tuesday. They presently have a $140.00 target price on the stock. Janney Montgomery Scott’s price objective would indicate a potential upside of 23.30% from the stock’s previous close.

Several other equities research analysts also recently issued reports on VAC. Deutsche Bank AG reissued a “hold” rating and issued a $112.00 price objective (up from $92.00) on shares of Marriot Vacations Worldwide Corporation in a research note on Wednesday, August 9th. Zacks Investment Research raised Marriot Vacations Worldwide Corporation from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a research note on Tuesday, August 8th. BidaskClub downgraded Marriot Vacations Worldwide Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Telsey Advisory Group increased their price objective 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. Finally, Stifel Nicolaus increased their price objective on 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. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $121.25.

Shares of Marriot Vacations Worldwide Corporation (VAC) traded down 0.12% during midday trading on Tuesday, hitting $113.40. 64,190 shares of the company were exchanged. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 20.40 and a beta of 1.14. The company has a 50-day moving average price of $114.03 and a 200-day moving average price of $107.96. Marriot Vacations Worldwide Corporation has a 52-week low of $59.33 and a 52-week high of $128.25.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.34. The firm had revenue of $497.62 million during the quarter, compared to the consensus estimate of $489.85 million. Marriot Vacations Worldwide Corporation had a return on equity of 16.96% and a net margin of 7.90%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 EPS. On average, analysts forecast that Marriot Vacations Worldwide Corporation will post $5.56 EPS for the current year.

Marriot Vacations Worldwide Corporation announced that its board has authorized a share buyback program on Thursday, August 3rd that permits the company to buyback 1,000,000 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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In other news, COO R. Lee Cunningham sold 15,638 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $118.79, for a total transaction of $1,857,638.02. Following the completion of the sale, the chief operating officer now directly owns 43,922 shares of the company’s stock, valued at approximately $5,217,494.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas J. Hutchison III sold 3,599 shares of the firm’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $118.15, for a total value of $425,221.85. Following the sale, the director now directly owns 1,281 shares of the company’s stock, valued at $151,350.15. The disclosure for this sale can be found here. Insiders have sold a total of 53,361 shares of company stock valued at $6,313,822 over the last ninety days. Company insiders own 3.30% of the company’s stock.

Several large investors have recently bought and sold shares of VAC. Lord Abbett & CO. LLC bought a new position in shares of Marriot Vacations Worldwide Corporation during the second quarter worth approximately $6,382,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Marriot Vacations Worldwide Corporation during the second quarter worth approximately $854,000. Piedmont Investment Advisors LLC bought a new position in shares of Marriot Vacations Worldwide Corporation during the second quarter worth approximately $622,000. Nomura Holdings Inc. bought a new position in shares of Marriot Vacations Worldwide Corporation during the second quarter worth approximately $577,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Marriot Vacations Worldwide Corporation by 38.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 3,037 shares of the company’s stock worth $358,000 after buying an additional 841 shares in the last quarter. 75.63% of the stock is owned by 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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