Nomura Boosts Marriot Vacations Worldwide Corporation (NYSE:VAC) Price Target to $160.00

Marriot Vacations Worldwide Corporation (NYSE:VAC) had its target price raised by Nomura from $151.00 to $160.00 in a report released on Friday, November 3rd. They currently have a buy rating on the stock.

A number of other equities research analysts also recently commented on the company. Janney Montgomery Scott reiterated a buy rating and set a $140.00 price objective on shares of Marriot Vacations Worldwide Corporation in a research report on Tuesday, August 29th. Zacks Investment Research downgraded shares of Marriot Vacations Worldwide Corporation from a strong-buy rating to a hold rating in a research note on Thursday, October 5th. Stifel Nicolaus reiterated a buy rating and issued a $130.00 target price (up previously from $120.00) on shares of Marriot Vacations Worldwide Corporation in a research note on Thursday, September 21st. 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 research report on Wednesday, August 9th. Finally, BidaskClub lowered shares of Marriot Vacations Worldwide Corporation from a hold rating to a sell rating in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $133.22.

Shares of Marriot Vacations Worldwide Corporation (NYSE VAC) traded down $1.41 during trading on Friday, reaching $134.04. The company had a trading volume of 152,521 shares, compared to its average volume of 244,291. The company has a market capitalization of $3,550.00, a price-to-earnings ratio of 22.20 and a beta of 1.20. Marriot Vacations Worldwide Corporation has a 1 year low of $77.59 and a 1 year high of $143.53. The company has a debt-to-equity ratio of 1.21, a quick ratio of 4.65 and a current ratio of 6.64.

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

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Marriot Vacations Worldwide Corporation announced that its board has authorized a stock 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. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

In related news, major shareholder J W. Marriott, Jr. sold 5,962 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $114.18, for a total transaction of $680,741.16. Following the transaction, the insider now directly owns 12,144 shares of the company’s stock, valued at $1,386,601.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System lifted its stake in shares of Marriot Vacations Worldwide Corporation by 3.8% in the third quarter. California Public Employees Retirement System now owns 73,715 shares of the company’s stock valued at $9,180,000 after buying an additional 2,715 shares in the last quarter. Bamco Inc. NY increased its stake in shares of Marriot Vacations Worldwide Corporation by 0.6% in the third quarter. Bamco Inc. NY now owns 2,162,214 shares of the company’s stock worth $269,261,000 after purchasing an additional 13,800 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Marriot Vacations Worldwide Corporation by 52.8% in the third quarter. Stifel Financial Corp now owns 3,599 shares of the company’s stock worth $441,000 after purchasing an additional 1,244 shares in the last quarter. Moody Aldrich Partners LLC increased its stake in shares of Marriot Vacations Worldwide Corporation by 12.8% in the third quarter. Moody Aldrich Partners LLC now owns 5,800 shares of the company’s stock worth $722,000 after purchasing an additional 656 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Marriot Vacations Worldwide Corporation by 7.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 149,988 shares of the company’s stock valued at $18,679,000 after acquiring an additional 10,555 shares during the period. 76.14% of the stock is currently owned by hedge funds and other 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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