Marriott Vacations Worldwide (NYSE:VAC) Upgraded at JPMorgan Chase & Co.

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JPMorgan Chase & Co. upgraded shares of Marriott Vacations Worldwide (NYSE:VAC) from a neutral rating to an overweight rating in a report issued on Tuesday morning, The Fly reports. The firm currently has $118.00 target price on the stock, up from their prior target price of $98.00.

Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Marriott Vacations Worldwide from a buy rating to a hold rating in a research report on Monday, May 13th. Deutsche Bank restated a hold rating and issued a $107.00 price target on shares of Marriott Vacations Worldwide in a research report on Sunday, August 4th. Finally, ValuEngine upgraded shares of Marriott Vacations Worldwide from a sell rating to a hold rating in a research report on Monday, July 29th. Four equities research 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 a consensus rating of Buy and an average price target of $123.67.

Shares of NYSE VAC opened at $99.05 on Tuesday. 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 52-week low of $60.67 and a 52-week high of $126.52. The firm has a 50 day moving average price of $94.42 and a two-hundred day moving average price of $96.53. The stock has a market cap of $3.93 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 1.26 and a beta of 1.66.

Marriott Vacations Worldwide (NYSE:VAC) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. Analysts predict that Marriott Vacations Worldwide will post 7.96 earnings per share for the current fiscal year.

In other news, CEO Stephen P. Weisz acquired 4,000 shares of Marriott Vacations Worldwide stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $83.70 per share, with a total value of $334,800.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Brian E. Miller sold 7,000 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $98.45, for a total transaction of $689,150.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,069 shares of company stock worth $1,179,653. Insiders own 2.30% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Great West Life Assurance Co. Can boosted its stake in shares of Marriott Vacations Worldwide by 0.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 24,679 shares of the company’s stock valued at $2,306,000 after purchasing an additional 117 shares during the last quarter. Asset Planning Services Ltd. boosted its stake in Marriott Vacations Worldwide by 11.8% during the second quarter. Asset Planning Services Ltd. now owns 1,190 shares of the company’s stock worth $115,000 after acquiring an additional 126 shares in the last quarter. Aperio Group LLC boosted its stake in Marriott Vacations Worldwide by 1.0% during the second quarter. Aperio Group LLC now owns 13,589 shares of the company’s stock worth $1,310,000 after acquiring an additional 132 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Marriott Vacations Worldwide by 0.6% during the second quarter. Envestnet Asset Management Inc. now owns 22,296 shares of the company’s stock worth $2,149,000 after acquiring an additional 137 shares in the last quarter. Finally, Renaissance Group LLC boosted its stake in Marriott Vacations Worldwide by 3.6% during the first quarter. Renaissance Group LLC now owns 4,294 shares of the company’s stock worth $402,000 after acquiring an additional 148 shares in the last quarter. 84.43% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Marriott Vacations Worldwide (NYSE:VAC)

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