Marriott Vacations Worldwide (NYSE:VAC) has been given a $136.00 price objective by investment analysts at Nomura in a report issued on Wednesday, TipRanks reports. The brokerage presently has a “buy” rating on the stock. Nomura’s target price would indicate a potential upside of 26.43% from the stock’s current price.
VAC has been the topic of a number of other reports. JPMorgan Chase & Co. cut 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 report on Monday. ValuEngine upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Finally, Deutsche Bank restated a “hold” rating and set a $107.00 target price on shares of Marriott Vacations Worldwide in a research report on Sunday, October 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Marriott Vacations Worldwide presently has an average rating of “Buy” and an average target price of $123.50.
Marriott Vacations Worldwide stock traded up $5.38 during trading hours on Wednesday, reaching $107.57. 385,639 shares of the company’s stock traded hands, compared to its average volume of 392,327. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.62 and a current ratio of 3.41. Marriott Vacations Worldwide has a fifty-two week low of $60.67 and a fifty-two week high of $113.08. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.40 and a beta of 1.71. The firm’s 50 day moving average is $102.76 and its 200-day moving average is $98.36.
Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Wednesday, July 31st. The company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.24. Marriott Vacations Worldwide had a net margin of 1.50% and a return on equity of 8.11%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company posted $1.59 EPS. The company’s revenue was up 79.5% compared to the same quarter last year. Analysts predict that Marriott Vacations Worldwide will post 7.94 EPS for the current year.
In other news, CEO Stephen P. Weisz purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $83.70 per share, for a total transaction of $334,800.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO R. Lee Cunningham sold 2,226 shares of the 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 disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
Several large investors have recently made changes to their positions in VAC. BlackRock Inc. raised its position in shares of Marriott Vacations Worldwide by 6.6% in the 2nd quarter. BlackRock Inc. now owns 4,730,773 shares of the company’s stock valued at $456,047,000 after acquiring an additional 292,830 shares during the period. Nuveen Asset Management LLC raised its position in shares of Marriott Vacations Worldwide by 6,873.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 244,352 shares of the company’s stock valued at $23,556,000 after acquiring an additional 240,848 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Marriott Vacations Worldwide by 48.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 541,596 shares of the company’s stock valued at $52,210,000 after acquiring an additional 175,785 shares during the period. Iridian Asset Management LLC CT raised its position in shares of Marriott Vacations Worldwide by 8.3% in the 2nd quarter. Iridian Asset Management LLC CT now owns 1,325,332 shares of the company’s stock valued at $127,762,000 after acquiring an additional 101,729 shares during the period. Finally, Icon Advisers Inc. Co. acquired a new stake in shares of Marriott Vacations Worldwide in the 2nd quarter valued at approximately $8,445,000. Institutional investors and hedge funds own 81.35% of the company’s stock.
About Marriott Vacations Worldwide
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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