Zacks Investment Research lowered shares of Marriott Vacations Worldwide (NYSE:VAC) from a buy rating to a hold rating in a research report report published on Tuesday morning.

According to Zacks, “Marriott Vacations Worldwide Corporation is a developer, marketer, seller and manager of vacation ownership resorts and vacation club, destination club and exchange programs, principally under the Marriott and Ritz-Carlton brands and trademarks. The Company generates most of its revenues from four primary sources: selling vacation ownership products, managing our resorts, financing consumer purchases of vacation ownership products and renting vacation ownership inventory. “

Several other equities analysts have also recently commented on the stock. Nomura set a $158.00 target price on shares of Marriott Vacations Worldwide and gave the company a buy rating in a research note on Thursday, August 23rd. ValuEngine cut shares of Marriott Vacations Worldwide from a sell rating to a strong sell rating in a research note on Monday, October 8th. Finally, Jefferies Financial Group initiated coverage on shares of Marriott Vacations Worldwide in a research note on Monday, July 16th. They set a buy rating and a $150.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $137.20.

Shares of NYSE VAC traded up $0.94 during midday trading on Tuesday, reaching $98.02. The company’s stock had a trading volume of 546,763 shares, compared to its average volume of 681,614. The company has a debt-to-equity ratio of 1.25, a current ratio of 6.99 and a quick ratio of 5.17. Marriott Vacations Worldwide has a one year low of $83.40 and a one year high of $154.14. The company has a market capitalization of $2.35 billion, a P/E ratio of 16.96, a PEG ratio of 1.23 and a beta of 1.54.

Marriott Vacations Worldwide (NYSE:VAC) last released its earnings results on Thursday, August 2nd. The company reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.25). Marriott Vacations Worldwide had a return on equity of 15.81% and a net margin of 9.16%. The business had revenue of $594.69 million during the quarter, compared to the consensus estimate of $595.15 million. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, analysts anticipate that Marriott Vacations Worldwide will post 7.18 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Thursday, September 20th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Wednesday, September 19th. Marriott Vacations Worldwide’s payout ratio is 27.68%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Virginia Retirement Systems ET AL grew its holdings in shares of Marriott Vacations Worldwide by 388.5% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 12,700 shares of the company’s stock worth $1,419,000 after purchasing an additional 10,100 shares during the last quarter. Gabelli Funds LLC bought a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter worth about $2,447,000. Gamco Investors INC. ET AL bought a new stake in shares of Marriott Vacations Worldwide in the 3rd quarter worth about $421,000. Wells Fargo & Company MN grew its holdings in shares of Marriott Vacations Worldwide by 19.0% in the 3rd quarter. Wells Fargo & Company MN now owns 74,201 shares of the company’s stock worth $8,291,000 after purchasing an additional 11,829 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of Marriott Vacations Worldwide by 2.6% in the 3rd quarter. Comerica Bank now owns 27,049 shares of the company’s stock worth $2,351,000 after purchasing an additional 680 shares during the last quarter. 90.64% of the stock is currently 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, and Marriott Vacation Club Pulse brands. It operates through three segments: North America, Asia Pacific, and Europe. The company also develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand.

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