Marriott Vacations Worldwide (NYSE:VAC) Upgraded to Overweight by JPMorgan Chase & Co.

Marriott Vacations Worldwide (NYSE:VAC) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Tuesday, The Fly reports. The brokerage presently has a $118.00 target price on the stock, up from their previous target price of $98.00. JPMorgan Chase & Co.‘s target price points to a potential upside of 24.42% from the company’s current price.

Several other equities research analysts have also commented on VAC. Zacks Investment Research lowered shares of Marriott Vacations Worldwide from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Deutsche Bank reiterated a “hold” rating and issued a $107.00 target price on shares of Marriott Vacations Worldwide in a research note on Sunday, August 4th. Finally, ValuEngine upgraded shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a research note 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. The company has a consensus rating of “Buy” and a consensus target price of $123.67.

NYSE:VAC traded up $4.53 during mid-day trading on Tuesday, hitting $94.84. 37,557 shares of the company’s stock were exchanged, compared to its average volume of 425,419. Marriott Vacations Worldwide has a one year low of $60.67 and a one year high of $126.84. 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 fifty day moving average price of $94.46 and a 200 day moving average price of $96.42. The company has a market cap of $3.77 billion, a PE ratio of 16.14, a P/E/G ratio of 1.21 and a beta of 1.66.



Marriott Vacations Worldwide (NYSE:VAC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $1.99 EPS for the quarter, topping the 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 business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm posted $1.59 earnings per share. Marriott Vacations Worldwide’s quarterly revenue was up 79.5% on a year-over-year basis. On average, equities analysts forecast that Marriott Vacations Worldwide will post 7.96 EPS for the current fiscal year.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC lifted its position in Marriott Vacations Worldwide by 211.8% during the first quarter. Signaturefd LLC now owns 265 shares of the company’s stock valued at $25,000 after purchasing an additional 180 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in Marriott Vacations Worldwide during the second quarter valued at approximately $26,000. AllSquare Wealth Management LLC purchased a new stake in Marriott Vacations Worldwide during the first quarter valued at approximately $44,000. Doyle Wealth Management purchased a new stake in Marriott Vacations Worldwide during the second quarter valued at approximately $52,000. Finally, Smithfield Trust Co. purchased a new stake in Marriott Vacations Worldwide during the first quarter valued at approximately $79,000. Hedge funds and other institutional investors own 84.43% of the company’s stock.

Marriott Vacations Worldwide Company Profile

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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