Zacks Investment Research Downgrades Marriot Vacations Worldwide Corporation (VAC) to Sell

Zacks Investment Research lowered shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) from a hold rating to a sell rating in a research report sent to investors on Wednesday, October 18th.

According to Zacks, “Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacation ownership resorts and vacation club, destination club and exchange programs, principally under the Marriott and Ritz-Carlton brands and trademarks. The Company generates most of its revenues from four primary sources: selling vacation ownership products, managing our resorts, financing consumer purchases of vacation ownership products and renting vacation ownership inventory. “

Other research analysts have also recently issued research reports about the stock. Telsey Advisory Group raised their price target on shares of 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. BidaskClub cut shares of Marriot Vacations Worldwide Corporation from a strong-buy rating to a buy rating in a research note on Friday, June 23rd. ValuEngine lowered shares of Marriot Vacations Worldwide Corporation from a buy rating to a hold rating in a report on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a buy rating and set a $130.00 price objective (up previously from $120.00) on shares of Marriot Vacations Worldwide Corporation in a report on Thursday, September 21st. Finally, Deutsche Bank AG reissued a hold rating and issued a $112.00 price target (up previously from $92.00) on shares of Marriot Vacations Worldwide Corporation in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $133.22.

Marriot Vacations Worldwide Corporation (VAC) traded up $0.27 during trading on Wednesday, reaching $142.12. 256,818 shares of the company’s stock traded hands, compared to its average volume of 246,209. The company has a quick ratio of 4.65, a current ratio of 6.64 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $3,758.26, a price-to-earnings ratio of 23.41 and a beta of 1.20.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.27. Marriot Vacations Worldwide Corporation had a return on equity of 17.91% and a net margin of 8.28%. The company had revenue of $486.99 million for the quarter, compared to the consensus estimate of $470.05 million. During the same period last year, the business posted $0.96 earnings per share. The firm’s revenue was up 21.2% compared to the same quarter last year. equities analysts expect that Marriot Vacations Worldwide Corporation will post 5.37 earnings per share for the current fiscal year.

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Marriot Vacations Worldwide Corporation announced that its board has approved a stock repurchase plan on Thursday, August 3rd that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

In other Marriot Vacations Worldwide Corporation news, major shareholder J W. Marriott, Jr. sold 5,962 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $114.18, for a total transaction of $680,741.16. Following the sale, the insider now directly owns 12,144 shares of the company’s stock, valued at approximately $1,386,601.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of VAC. JPMorgan Chase & Co. boosted its holdings in Marriot Vacations Worldwide Corporation by 7.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $138,000 after purchasing an additional 77 shares during the period. US Bancorp DE lifted its holdings in shares of Marriot Vacations Worldwide Corporation by 6.3% during the 1st quarter. US Bancorp DE now owns 1,475 shares of the company’s stock worth $147,000 after acquiring an additional 87 shares during the period. Creative Planning lifted its holdings in shares of Marriot Vacations Worldwide Corporation by 3.2% during the 2nd quarter. Creative Planning now owns 1,307 shares of the company’s stock worth $154,000 after acquiring an additional 40 shares during the period. Turner Investments LLC bought a new stake in shares of Marriot Vacations Worldwide Corporation during the 2nd quarter worth approximately $177,000. Finally, Quantbot Technologies LP bought a new stake in shares of Marriot Vacations Worldwide Corporation during the 2nd quarter worth approximately $196,000. 75.52% of the stock is owned by hedge funds and other institutional investors.

About Marriot Vacations Worldwide Corporation

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.

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