Traders Buy Marriott Vacations Worldwide (VAC) on Weakness

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Traders bought shares of Marriott Vacations Worldwide Corp (NYSE:VAC) on weakness during trading hours on Thursday. $38.97 million flowed into the stock on the tick-up and $12.62 million flowed out of the stock on the tick-down, for a money net flow of $26.35 million into the stock. Of all equities tracked, Marriott Vacations Worldwide had the 30th highest net in-flow for the day. Marriott Vacations Worldwide traded down ($2.35) for the day and closed at $115.96

A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Marriott Vacations Worldwide from a “strong-buy” rating to a “sell” rating in a report on Tuesday, July 31st. Wolfe Research assumed coverage on shares of Marriott Vacations Worldwide in a report on Friday, June 8th. They set an “outperform” rating on the stock. Stifel Nicolaus lowered their target price on shares of Marriott Vacations Worldwide from $160.00 to $147.00 and set a “buy” rating on the stock in a report on Wednesday, June 20th. Jefferies Financial Group assumed coverage on shares of Marriott Vacations Worldwide in a report on Monday, July 16th. They set a “buy” rating and a $150.00 target price on the stock. Finally, ValuEngine raised shares of Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $143.07.

The firm has a market cap of $3.16 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.71 and a beta of 1.38. The company has a current ratio of 6.99, a quick ratio of 5.17 and a debt-to-equity ratio of 1.25.

Marriott Vacations Worldwide (NYSE:VAC) last released its quarterly 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). The firm had revenue of $594.69 million for the quarter, compared to analysts’ expectations of $595.15 million. Marriott Vacations Worldwide had a net margin of 9.16% and a return on equity of 15.81%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 earnings per share. equities analysts anticipate that Marriott Vacations Worldwide Corp will post 6.97 earnings per share for the current year.

In other news, CEO Stephen P. Weisz purchased 4,058 shares of Marriott Vacations Worldwide stock in a transaction dated Friday, June 15th. The stock was purchased at an average cost of $117.86 per share, for a total transaction of $478,275.88. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen P. Weisz purchased 3,500 shares of Marriott Vacations Worldwide stock in a transaction dated Thursday, June 28th. The shares were purchased at an average price of $108.43 per share, with a total value of $379,505.00. Following the completion of the transaction, the chief executive officer now directly owns 180,017 shares in the company, valued at $19,519,243.31. The disclosure for this purchase can be found here. 3.50% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Marriott Vacations Worldwide during the 2nd quarter valued at $108,000. Macquarie Group Ltd. grew its position in shares of Marriott Vacations Worldwide by 266.7% during the 2nd quarter. Macquarie Group Ltd. now owns 1,100 shares of the company’s stock valued at $124,000 after purchasing an additional 800 shares in the last quarter. Moneta Group Investment Advisors LLC purchased a new position in shares of Marriott Vacations Worldwide during the 2nd quarter valued at $132,000. Mount Yale Investment Advisors LLC purchased a new position in Marriott Vacations Worldwide in the first quarter worth $140,000. Finally, Contravisory Investment Management Inc. purchased a new position in Marriott Vacations Worldwide in the second quarter worth $143,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

About Marriott Vacations Worldwide (NYSE:VAC)

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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