Marriott Vacations Worldwide (NYSE:VAC) Rating Reiterated by Deutsche Bank

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Marriott Vacations Worldwide (NYSE:VAC)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank in a report issued on Wednesday, AnalystRatings.com reports. They presently have a $119.00 price objective on the stock. Deutsche Bank’s price target suggests a potential upside of 1.69% from the stock’s current price.

Several other research firms have also recently commented on VAC. ValuEngine upgraded Marriott Vacations Worldwide from a “strong sell” rating to a “sell” rating in a research note on Friday, November 1st. Nomura set a $136.00 price target on Marriott Vacations Worldwide and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Credit Suisse Group upped their price target on Marriott Vacations Worldwide from $124.00 to $132.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. cut their price target on Marriott Vacations Worldwide from $118.00 to $117.00 and set an “overweight” rating for the company in a research note on Monday, October 7th. Finally, SunTrust Banks upped their price target on Marriott Vacations Worldwide to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $128.50.

Marriott Vacations Worldwide stock opened at $117.02 on Wednesday. Marriott Vacations Worldwide has a 12 month low of $60.67 and a 12 month high of $120.61. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.41 and a quick ratio of 2.62. The business has a 50 day simple moving average of $108.51 and a 200-day simple moving average of $100.26. The stock has a market capitalization of $5.12 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.64 and a beta of 1.70.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings results on Monday, November 4th. The company reported $1.97 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.04 by ($0.07). Marriott Vacations Worldwide had a return on equity of 9.34% and a net margin of 2.50%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company earned $1.42 EPS. Marriott Vacations Worldwide’s revenue for the quarter was up 51.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Marriott Vacations Worldwide will post 7.96 EPS for the current year.

In other Marriott Vacations Worldwide news, VP James H. Iv Hunter sold 425 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $120.00, for a total value of $51,000.00. Following the completion of the transaction, the vice president now owns 46,198 shares in the company, valued at $5,543,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO R. Lee Cunningham sold 2,226 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $107.37, for a total value of $239,005.62. The disclosure for this sale can be found here. Insiders sold 13,300 shares of company stock valued at $1,495,656 in the last quarter. 2.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of VAC. First Trust Advisors LP boosted its holdings in shares of Marriott Vacations Worldwide by 43.6% in the 1st quarter. First Trust Advisors LP now owns 10,028 shares of the company’s stock valued at $938,000 after buying an additional 3,045 shares in the last quarter. Boston Private Wealth LLC boosted its holdings in shares of Marriott Vacations Worldwide by 12.0% in the 2nd quarter. Boston Private Wealth LLC now owns 9,620 shares of the company’s stock valued at $927,000 after buying an additional 1,033 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Marriott Vacations Worldwide by 9.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 11,254 shares of the company’s stock valued at $1,085,000 after buying an additional 1,000 shares in the last quarter. First Hawaiian Bank boosted its holdings in shares of Marriott Vacations Worldwide by 10.0% in the 2nd quarter. First Hawaiian Bank now owns 9,636 shares of the company’s stock valued at $929,000 after buying an additional 873 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Marriott Vacations Worldwide in the 2nd quarter valued at approximately $546,000. 81.56% 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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