Marriott Vacations Worldwide (NYSE:VAC) had its target price dropped by analysts at SunTrust Banks from $148.00 to $147.00 in a report released on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the stock. SunTrust Banks’ price objective indicates a potential upside of 35.69% from the stock’s current price.

Several other research analysts have also issued reports on the stock. Nomura set a $136.00 target price on shares of Marriott Vacations Worldwide and gave the company a “buy” rating in a research note on Wednesday, October 9th. ValuEngine raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. reduced their target price on shares of Marriott Vacations Worldwide from $118.00 to $117.00 and set an “overweight” rating on the stock in a research note on Monday, October 7th. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a $107.00 target price on shares of Marriott Vacations Worldwide in a research note on Sunday, October 6th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $123.17.

NYSE:VAC traded up $0.28 during mid-day trading on Wednesday, reaching $108.34. 19,392 shares of the company were exchanged, compared to its average volume of 354,828. Marriott Vacations Worldwide has a 12 month low of $60.67 and a 12 month high of $113.08. The company has a fifty day moving average of $103.72 and a 200 day moving average of $98.72. The company has a quick ratio of 2.62, a current ratio of 3.41 and a debt-to-equity ratio of 1.21. The stock has a market cap of $4.68 billion, a PE ratio of 18.42, a PEG ratio of 1.51 and a beta of 1.71.

Marriott Vacations Worldwide (NYSE:VAC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.24. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.11 billion. Marriott Vacations Worldwide had a net margin of 1.50% and a return on equity of 8.11%. The company’s revenue was up 79.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.59 EPS. On average, equities research analysts anticipate that Marriott Vacations Worldwide will post 7.94 EPS for the current fiscal year.

In related news, COO R. Lee Cunningham sold 2,226 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $107.37, for a total transaction of $239,005.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen P. Weisz acquired 4,000 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average cost of $83.70 per share, for a total transaction of $334,800.00. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in VAC. First Trust Advisors LP boosted its stake in Marriott Vacations Worldwide by 43.6% during the 1st quarter. First Trust Advisors LP now owns 10,028 shares of the company’s stock worth $938,000 after acquiring an additional 3,045 shares during the last quarter. Boston Private Wealth LLC boosted its stake in Marriott Vacations Worldwide by 12.0% during the 2nd quarter. Boston Private Wealth LLC now owns 9,620 shares of the company’s stock worth $927,000 after acquiring an additional 1,033 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Marriott Vacations Worldwide by 9.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 11,254 shares of the company’s stock worth $1,085,000 after acquiring an additional 1,000 shares during the last quarter. First Hawaiian Bank boosted its stake in Marriott Vacations Worldwide by 10.0% during the 2nd quarter. First Hawaiian Bank now owns 9,636 shares of the company’s stock worth $929,000 after acquiring an additional 873 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Marriott Vacations Worldwide during the 2nd quarter worth approximately $546,000. 81.41% of the stock is currently owned by institutional investors and hedge funds.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton, Westin, Hyatt Residence Club brands, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.

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Analyst Recommendations for Marriott Vacations Worldwide (NYSE:VAC)

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