Marriott Vacations Worldwide (NYSE:VAC) PT Lowered to $202.00 at Deutsche Bank Aktiengesellschaft

Marriott Vacations Worldwide (NYSE:VAC – Get Rating) had its price target lowered by investment analysts at Deutsche Bank Aktiengesellschaft from $205.00 to $202.00 in a research report issued to clients and investors on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 43.85% from the stock’s previous close.

Separately, StockNews.com assumed coverage on Marriott Vacations Worldwide in a research report on Thursday, March 31st. They set a “hold” rating for the company. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $201.40.

Shares of VAC stock opened at $140.42 on Tuesday. Marriott Vacations Worldwide has a 52-week low of $132.79 and a 52-week high of $176.85. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.31 and a current ratio of 2.86. The firm has a market capitalization of $5.82 billion, a P/E ratio of 46.81 and a beta of 2.14. The stock has a 50 day moving average price of $150.00 and a 200 day moving average price of $158.33.

Marriott Vacations Worldwide (NYSE:VAC – Get Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.17. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. Marriott Vacations Worldwide had a return on equity of 9.84% and a net margin of 3.23%. Marriott Vacations Worldwide’s quarterly revenue was up 38.6% compared to the same quarter last year. During the same period last year, the company earned ($0.49) EPS. As a group, sell-side analysts forecast that Marriott Vacations Worldwide will post 9.66 EPS for the current year.

In other news, VP Michael E. Yonker sold 1,000 shares of Marriott Vacations Worldwide stock in a transaction on Friday, March 25th. The stock was sold at an average price of $155.35, for a total value of $155,350.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Lizabeth Kane-Hanan sold 6,308 shares of Marriott Vacations Worldwide stock in a transaction on Friday, March 18th. The shares were sold at an average price of $157.44, for a total value of $993,131.52. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Spire Wealth Management grew its stake in Marriott Vacations Worldwide by 5.4% during the 4th quarter. Spire Wealth Management now owns 1,274 shares of the company’s stock worth $215,000 after buying an additional 65 shares during the last quarter. CIBC Asset Management Inc grew its stake in Marriott Vacations Worldwide by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 1,759 shares of the company’s stock worth $297,000 after buying an additional 76 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in Marriott Vacations Worldwide by 2.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 4,229 shares of the company’s stock worth $666,000 after buying an additional 86 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Marriott Vacations Worldwide by 1.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,266 shares of the company’s stock worth $830,000 after buying an additional 97 shares during the last quarter. Finally, Utah Retirement Systems grew its stake in Marriott Vacations Worldwide by 4.8% during the 3rd quarter. Utah Retirement Systems now owns 2,200 shares of the company’s stock worth $346,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

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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