$724.03 Million in Sales Expected for Marriott Vacations Worldwide Co. (NYSE:VAC) This Quarter

Wall Street brokerages forecast that Marriott Vacations Worldwide Co. (NYSE:VAC) will post sales of $724.03 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Marriott Vacations Worldwide’s earnings, with the lowest sales estimate coming in at $636.72 million and the highest estimate coming in at $810.00 million. Marriott Vacations Worldwide posted sales of $1.15 billion during the same quarter last year, which would indicate a negative year over year growth rate of 37%. The business is expected to announce its next earnings report after the market closes on Wednesday, February 24th.

On average, analysts expect that Marriott Vacations Worldwide will report full-year sales of $2.86 billion for the current financial year, with estimates ranging from $2.78 billion to $2.95 billion. For the next year, analysts anticipate that the company will report sales of $3.51 billion, with estimates ranging from $3.38 billion to $3.61 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Marriott Vacations Worldwide.

VAC has been the topic of a number of analyst reports. Truist raised their target price on Marriott Vacations Worldwide from $120.00 to $132.00 in a research report on Friday, November 6th. Zacks Investment Research cut Marriott Vacations Worldwide from a “hold” rating to a “sell” rating and set a $152.00 target price on the stock. in a research report on Tuesday, February 9th. Jefferies Financial Group raised their target price on Marriott Vacations Worldwide from $165.00 to $174.00 in a research report on Thursday, January 28th. Credit Suisse Group raised their target price on Marriott Vacations Worldwide from $145.00 to $199.00 and gave the company an “outperform” rating in a research report on Monday, February 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Marriott Vacations Worldwide from $88.00 to $128.00 and gave the stock a “hold” rating in a report on Wednesday, January 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Marriott Vacations Worldwide currently has an average rating of “Buy” and a consensus target price of $133.44.

Shares of Marriott Vacations Worldwide stock traded up $3.64 on Thursday, reaching $162.55. The stock had a trading volume of 11,026 shares, compared to its average volume of 431,771. Marriott Vacations Worldwide has a 1 year low of $30.10 and a 1 year high of $163.65. The company has a quick ratio of 2.91, a current ratio of 3.60 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $6.67 billion, a P/E ratio of -39.33 and a beta of 2.54. The company has a 50 day moving average price of $139.71 and a 200 day moving average price of $117.01.

In other news, COO R. Lee Cunningham sold 1,979 shares of the business’s stock in a transaction that occurred on Friday, November 27th. The stock was sold at an average price of $130.60, for a total transaction of $258,457.40. Following the transaction, the chief operating officer now directly owns 13,241 shares in the company, valued at approximately $1,729,274.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Dwight D. Smith sold 1,203 shares of the business’s stock in a transaction that occurred on Tuesday, December 8th. The stock was sold at an average price of $138.39, for a total value of $166,483.17. Following the transaction, the vice president now owns 14,448 shares in the company, valued at $1,999,458.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,256 shares of company stock worth $2,757,490. Insiders own 2.20% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Advisory Services Network LLC boosted its holdings in shares of Marriott Vacations Worldwide by 9.7% during the 4th quarter. Advisory Services Network LLC now owns 884 shares of the company’s stock worth $121,000 after purchasing an additional 78 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of Marriott Vacations Worldwide by 3.2% during the 4th quarter. Baird Financial Group Inc. now owns 4,186 shares of the company’s stock valued at $574,000 after buying an additional 130 shares during the period. Creative Planning raised its position in shares of Marriott Vacations Worldwide by 6.6% during the 4th quarter. Creative Planning now owns 2,755 shares of the company’s stock valued at $378,000 after buying an additional 171 shares during the period. Truist Financial Corp raised its position in shares of Marriott Vacations Worldwide by 5.4% during the 3rd quarter. Truist Financial Corp now owns 4,062 shares of the company’s stock valued at $369,000 after buying an additional 208 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of Marriott Vacations Worldwide by 0.4% during the 3rd quarter. California State Teachers Retirement System now owns 61,298 shares of the company’s stock valued at $5,566,000 after buying an additional 239 shares during the period. Institutional investors and hedge funds own 79.45% of the company’s stock.

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, and Marriott Vacation Club Pulse brands. The company operates through two segments, Vacation Ownership and Exchange & Third-Party Management.

Featured Article: The Role of a Fiduciary and Individual Investors

Get a free copy of the Zacks research report on Marriott Vacations Worldwide (VAC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.