Janney Montgomery Scott reissued their buy rating on shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) in a research note published on Tuesday morning. Janney Montgomery Scott currently has a $140.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the company. ValuEngine upgraded Marriot Vacations Worldwide Corporation from a hold rating to a buy rating in a research note on Friday, June 2nd. Stifel Nicolaus upped their price objective on Marriot Vacations Worldwide Corporation from $102.00 to $120.00 and gave the stock a buy rating in a research note on Monday, May 22nd. Zacks Investment Research upgraded Marriot Vacations Worldwide Corporation from a hold rating to a buy rating and set a $129.00 price objective for the company in a research note on Wednesday, May 10th. Buckingham Research initiated coverage on Marriot Vacations Worldwide Corporation in a research note on Monday, June 19th. They set a buy rating and a $142.00 price objective for the company. Finally, BidaskClub cut Marriot Vacations Worldwide Corporation from a strong-buy rating to a buy rating in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Marriot Vacations Worldwide Corporation presently has an average rating of Buy and an average price target of $121.25.

Marriot Vacations Worldwide Corporation (NYSE VAC) opened at 117.83 on Tuesday. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 21.19 and a beta of 1.15. Marriot Vacations Worldwide Corporation has a 12 month low of $59.33 and a 12 month high of $128.25. The firm’s 50-day moving average price is $113.97 and its 200 day moving average price is $108.89.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.34. The firm had revenue of $497.62 million during the quarter, compared to analysts’ expectations of $489.85 million. Marriot Vacations Worldwide Corporation had a return on equity of 16.96% and a net margin of 7.90%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 EPS. On average, analysts anticipate that Marriot Vacations Worldwide Corporation will post $5.56 earnings per share for the current year.

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Marriot Vacations Worldwide Corporation announced that its board has approved a share repurchase plan on Thursday, August 3rd that allows the company to repurchase 1,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

In other news, insider Laurie A. Sullivan sold 1,407 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $121.04, for a total value of $170,303.28. Following the completion of the transaction, the insider now directly owns 100 shares in the company, valued at $12,104. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas J. Hutchison III sold 3,599 shares of the firm’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $118.15, for a total value of $425,221.85. Following the completion of the transaction, the director now owns 1,281 shares of the company’s stock, valued at $151,350.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,361 shares of company stock valued at $6,313,822. 3.30% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stratos Wealth Partners LTD. boosted its position in shares of Marriot Vacations Worldwide Corporation by 0.3% in the first quarter. Stratos Wealth Partners LTD. now owns 5,858 shares of the company’s stock valued at $585,000 after buying an additional 15 shares during the last quarter. Creative Planning boosted its position in shares of Marriot Vacations Worldwide Corporation by 3.2% in the second quarter. Creative Planning now owns 1,307 shares of the company’s stock valued at $154,000 after buying an additional 40 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Marriot Vacations Worldwide Corporation by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 7,686 shares of the company’s stock valued at $899,000 after buying an additional 50 shares during the last quarter. Amalgamated Bank boosted its position in shares of Marriot Vacations Worldwide Corporation by 1.7% in the second quarter. Amalgamated Bank now owns 3,097 shares of the company’s stock valued at $365,000 after buying an additional 51 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Marriot Vacations Worldwide Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 2,700 shares of the company’s stock valued at $269,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 75.63% of the company’s stock.

Marriot Vacations Worldwide Corporation Company Profile

Marriott Vacations Worldwide Corporation focuses on vacation ownership, based on number of owners, number of resorts and revenues. The Company is an exclusive worldwide developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands.

Analyst Recommendations for Marriot Vacations Worldwide Corporation (NYSE:VAC)

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