Separately, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Marriott Vacations Worldwide from $205.00 to $202.00 in a research report on Tuesday. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $201.40.
Marriott Vacations Worldwide stock traded down $3.48 during mid-day trading on Friday, hitting $135.85. The company had a trading volume of 455,657 shares, compared to its average volume of 369,437. Marriott Vacations Worldwide has a 12-month low of $132.79 and a 12-month high of $175.95. The company has a current ratio of 2.86, a quick ratio of 2.31 and a debt-to-equity ratio of 1.60. The company’s fifty day moving average is $149.50 and its 200-day moving average is $157.96. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 45.28 and a beta of 2.14.
Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.53 by $0.17. Marriott Vacations Worldwide had a return on equity of 9.84% and a net margin of 3.23%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the company earned ($0.49) EPS. The firm’s revenue was up 38.6% compared to the same quarter last year. As a group, sell-side analysts expect that Marriott Vacations Worldwide will post 9.93 EPS for the current fiscal year.
In other Marriott Vacations Worldwide news, EVP Lizabeth Kane-Hanan sold 6,308 shares of the firm’s stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $157.44, for a total transaction of $993,131.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Michael E. Yonker sold 1,000 shares of Marriott Vacations Worldwide stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $155.35, for a total transaction of $155,350.00. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Marriott Vacations Worldwide during the 4th quarter valued at about $65,254,000. Senvest Management LLC raised its holdings in shares of Marriott Vacations Worldwide by 38.0% in the 3rd quarter. Senvest Management LLC now owns 1,340,673 shares of the company’s stock worth $210,928,000 after purchasing an additional 368,936 shares during the period. Evoke Wealth LLC lifted its stake in shares of Marriott Vacations Worldwide by 252.7% in the 4th quarter. Evoke Wealth LLC now owns 248,361 shares of the company’s stock valued at $42,020,000 after purchasing an additional 177,939 shares in the last quarter. Tremblant Capital Group grew its holdings in shares of Marriott Vacations Worldwide by 32.3% during the 3rd quarter. Tremblant Capital Group now owns 708,418 shares of the company’s stock worth $111,455,000 after purchasing an additional 172,765 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Marriott Vacations Worldwide by 59.2% during the 3rd quarter. Goldman Sachs Group Inc. now owns 397,038 shares of the company’s stock worth $62,466,000 after purchasing an additional 147,585 shares in the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.
Marriott Vacations Worldwide Company Profile (Get Rating)
Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related products. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, Hyatt Residence Club, and Marriott Vacation Club Pulse brands.
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