ValuEngine lowered shares of Marriot Vacations Worldwide (NYSE:VAC) from a buy rating to a hold rating in a research report released on Friday.

Several other equities analysts have also issued reports on the stock. Nomura lifted their price target on shares of Marriot Vacations Worldwide from $151.00 to $160.00 and gave the stock a buy rating in a report on Friday, November 3rd. Instinet began coverage on shares of Marriot Vacations Worldwide in a report on Wednesday, October 25th. They issued a buy rating and a $151.00 price target on the stock. Zacks Investment Research lowered shares of Marriot Vacations Worldwide from a hold rating to a sell rating in a report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a buy rating and issued a $130.00 price target (up from $120.00) on shares of Marriot Vacations Worldwide in a report on Thursday, September 21st. Finally, Janney Montgomery Scott reaffirmed a buy rating and issued a $140.00 price target on shares of Marriot Vacations Worldwide in a report on Tuesday, August 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $133.22.

Shares of Marriot Vacations Worldwide (NYSE VAC) traded down $1.35 during trading hours on Friday, reaching $132.98. 268,741 shares of the company were exchanged, compared to its average volume of 202,132. The company has a market capitalization of $3,556.90, a P/E ratio of 22.15 and a beta of 1.20. Marriot Vacations Worldwide has a 52 week low of $79.79 and a 52 week high of $143.53. The company has a quick ratio of 4.65, a current ratio of 6.64 and a debt-to-equity ratio of 1.21.

Marriot Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Thursday, November 2nd. The company reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.27. Marriot Vacations Worldwide had a net margin of 8.28% and a return on equity of 17.91%. The business had revenue of $486.99 million for the quarter, compared to analyst estimates of $470.05 million. During the same period in the previous year, the company earned $0.96 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. equities analysts anticipate that Marriot Vacations Worldwide will post 5.38 earnings per share for the current fiscal year.

In other news, COO R. Lee Cunningham sold 9,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $135.02, for a total transaction of $1,215,180.00. Following the sale, the chief operating officer now directly owns 19,356 shares of the company’s stock, valued at $2,613,447.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael E. Yonker sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $134.43, for a total transaction of $336,075.00. Following the sale, the vice president now directly owns 3,128 shares in the company, valued at $420,497.04. The disclosure for this sale can be found here. Insiders have sold 20,274 shares of company stock worth $2,606,386 over the last three months. Corporate insiders own 3.30% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Marriot Vacations Worldwide by 7.0% during 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 during the last quarter. Creative Planning grew its holdings in shares of Marriot Vacations Worldwide by 3.2% during the second quarter. Creative Planning now owns 1,307 shares of the company’s stock valued at $154,000 after buying an additional 40 shares during the last quarter. Turner Investments LLC purchased a new stake in shares of Marriot Vacations Worldwide during the second quarter valued at $177,000. Quantbot Technologies LP purchased a new stake in Marriot Vacations Worldwide in the second quarter valued at $196,000. Finally, Macquarie Group Ltd. purchased a new stake in Marriot Vacations Worldwide in the third quarter valued at $212,000. 74.05% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Marriot Vacations Worldwide (VAC) Lowered to Hold at ValuEngine” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.thecerbatgem.com/2017/12/02/marriot-vacations-worldwide-vac-lowered-to-hold-at-valuengine.html.

Marriot Vacations Worldwide 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 (NYSE:VAC)

Receive News & Stock Ratings for Marriot Vacations Worldwide Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriot Vacations Worldwide Corporation and related stocks with our FREE daily email newsletter.