Marriott Vacations Worldwide’s (VAC) “Hold” Rating Reaffirmed at Deutsche Bank

Deutsche Bank reaffirmed their hold rating on shares of Marriott Vacations Worldwide (NYSE:VAC) in a report released on Sunday, AnalystRatings.com reports. The firm currently has a $107.00 price target on the stock.

A number of other analysts have also weighed in on VAC. Zacks Investment Research lowered Marriott Vacations Worldwide from a buy rating to a hold rating in a research note on Monday, May 13th. JPMorgan Chase & Co. assumed coverage on Marriott Vacations Worldwide in a research note on Monday, June 3rd. They set a neutral rating and a $98.00 price objective for the company. Finally, ValuEngine raised Marriott Vacations Worldwide from a sell rating to a hold rating in a research note on Monday, July 29th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Marriott Vacations Worldwide presently has an average rating of Hold and a consensus price target of $120.33.

NYSE VAC traded down $5.50 on Friday, reaching $84.50. 675,567 shares of the company’s stock traded hands, compared to its average volume of 391,106. Marriott Vacations Worldwide has a 12 month low of $60.67 and a 12 month high of $126.84. The company has a current ratio of 3.41, a quick ratio of 2.32 and a debt-to-equity ratio of 1.21. The stock has a 50-day moving average price of $97.54. The firm has a market cap of $4.03 billion, a PE ratio of 14.37, a PEG ratio of 1.28 and a beta of 1.66.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.24. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.11 billion. Marriott Vacations Worldwide had a return on equity of 8.11% and a net margin of 1.50%. The business’s quarterly revenue was up 79.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.59 earnings per share. On average, equities analysts predict that Marriott Vacations Worldwide will post 7.84 EPS for the current fiscal year.

In other Marriott Vacations Worldwide news, VP Michael E. Yonker sold 929 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $100.00, for a total transaction of $92,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian E. Miller sold 7,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $98.45, for a total value of $689,150.00. The disclosure for this sale can be found here. Insiders sold 12,069 shares of company stock valued at $1,179,653 in the last ninety days. 2.30% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. Global Financial Private Capital LLC purchased a new position in Marriott Vacations Worldwide during the first quarter valued at $265,000. AllSquare Wealth Management LLC purchased a new position in Marriott Vacations Worldwide during the first quarter valued at $44,000. Stifel Financial Corp lifted its position in Marriott Vacations Worldwide by 5.4% during the fourth quarter. Stifel Financial Corp now owns 5,479 shares of the company’s stock valued at $377,000 after buying an additional 283 shares during the period. Magnus Financial Group LLC purchased a new position in Marriott Vacations Worldwide during the first quarter valued at $228,000. Finally, Legal & General Group Plc increased its holdings in shares of Marriott Vacations Worldwide by 5.5% during the fourth quarter. Legal & General Group Plc now owns 41,953 shares of the company’s stock valued at $2,958,000 after acquiring an additional 2,180 shares in the last quarter. 81.43% of the stock is owned by institutional investors and hedge funds.

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.

Featured Story: Do closed-end mutual funds pay dividends?

Analyst Recommendations for Marriott Vacations Worldwide (NYSE:VAC)

Receive News & Ratings for Marriott Vacations Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marriott Vacations Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.