Deutsche Bank AG reiterated their hold rating on shares of Marriot Vacations Worldwide Corporation (NYSE:VAC) in a research note released on Wednesday. Deutsche Bank AG currently has a $112.00 target price on the stock, up from their prior target price of $92.00.

A number of other brokerages also recently issued reports on VAC. Zacks Investment Research upgraded shares of Marriot Vacations Worldwide Corporation from a hold rating to a buy rating and set a $129.00 price objective on the stock in a research note on Tuesday. Telsey Advisory Group increased their price objective on shares of Marriot Vacations Worldwide Corporation from $113.00 to $120.00 and gave the stock a market perform rating in a research note on Friday, August 4th. ValuEngine upgraded shares of Marriot Vacations Worldwide Corporation from a hold rating to a buy rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Marriot Vacations Worldwide Corporation from a buy rating to a strong-buy rating in a research note on Tuesday, June 13th. Finally, Janney Montgomery Scott initiated coverage on shares of Marriot Vacations Worldwide Corporation in a research note on Thursday, April 20th. They set a buy rating and a $119.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Marriot Vacations Worldwide Corporation currently has a consensus rating of Buy and an average price target of $118.63.

Shares of Marriot Vacations Worldwide Corporation (VAC) traded down 0.54% during trading on Wednesday, reaching $108.79. 229,422 shares of the company traded hands. Marriot Vacations Worldwide Corporation has a 12 month low of $59.33 and a 12 month high of $128.25. The company has a 50-day moving average of $115.83 and a 200-day moving average of $106.17. The stock has a market capitalization of $2.94 billion, a PE ratio of 19.57 and a beta of 1.14.

Marriot Vacations Worldwide Corporation (NYSE:VAC) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.34. The firm had revenue of $497.62 million for the quarter, compared to the consensus estimate of $489.85 million. Marriot Vacations Worldwide Corporation had a net margin of 7.90% and a return on equity of 16.96%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 earnings per share. Analysts forecast that Marriot Vacations Worldwide Corporation will post $5.52 earnings per share for the current fiscal year.

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Marriot Vacations Worldwide Corporation declared that its board has approved a share repurchase program on Thursday, August 3rd that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

In other news, insider Laurie A. Sullivan sold 1,407 shares of the stock in a transaction dated Monday, June 26th. The shares were 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 owns 100 shares of the company’s stock, valued at $12,104. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian E. Miller sold 10,500 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $114.61, for a total transaction of $1,203,405.00. Following the completion of the transaction, the vice president now directly owns 12,058 shares of the company’s stock, valued at approximately $1,381,967.38. The disclosure for this sale can be found here. Insiders sold 53,361 shares of company stock valued at $6,313,822 in the last three months. Company insiders own 3.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in Marriot Vacations Worldwide Corporation by 1.8% in the first quarter. PNC Financial Services Group Inc. now owns 7,213 shares of the company’s stock worth $721,000 after buying an additional 126 shares during the period. Principal Financial Group Inc. boosted its position in Marriot Vacations Worldwide Corporation by 4.0% in the first quarter. Principal Financial Group Inc. now owns 198,214 shares of the company’s stock worth $19,808,000 after buying an additional 7,534 shares during the period. Creative Planning boosted its position in Marriot Vacations Worldwide Corporation by 12.4% in the first quarter. Creative Planning now owns 1,267 shares of the company’s stock worth $127,000 after buying an additional 140 shares during the period. Ameritas Investment Partners Inc. bought a new position in Marriot Vacations Worldwide Corporation during the first quarter worth approximately $193,000. Finally, Stratos Wealth Partners LTD. boosted its position in 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 worth $585,000 after buying an additional 15 shares during the period. 78.93% of the stock is owned by hedge funds and other institutional investors.

About Marriot Vacations Worldwide Corporation

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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