The stock of Marriott Vacations Worldwide Corp (NYSE:VAC) hit a new 52-week high and has $83.54 target or 3.00% above today’s $81.11 share price. The 9 months bullish chart indicates low risk for the $2.22 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $83.54 price target is reached, the company will be worth $66.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.97% or $0.78 during the last trading session, hitting $81.11. About 91,219 shares traded hands. Marriott Vacations Worldwide Corp (NYSE:VAC) has risen 19.24% since April 22, 2016 and is uptrending. It has outperformed by 13.83% the S&P500.
Analysts await Marriott Vacations Worldwide Corp (NYSE:VAC) to report earnings on February, 23. They expect $1.76 EPS, up 58.56% or $0.65 from last year’s $1.11 per share. VAC’s profit will be $48.17M for 11.52 P/E if the $1.76 EPS becomes a reality. After $0.96 actual EPS reported by Marriott Vacations Worldwide Corp for the previous quarter, Wall Street now forecasts 83.33% EPS growth.
Marriott Vacations Worldwide Corp (NYSE:VAC) Ratings Coverage
Out of 6 analysts covering Marriot Vacations Worldwide (NYSE:VAC), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Marriot Vacations Worldwide has been the topic of 11 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained Marriott Vacations Worldwide Corp (NYSE:VAC) rating on Monday, January 11. Stifel Nicolaus has “Buy” rating and $70 price target. JMP Securities upgraded it to “Market Outperform” rating and $89 target price in Tuesday, October 13 report. The stock has “Buy” rating given by M Partners on Friday, April 29. As per Friday, October 14, the company rating was maintained by Telsey Advisory Group. The stock has “An Outperform” rating given by Credit Suisse on Friday, February 5. The stock of Marriott Vacations Worldwide Corp (NYSE:VAC) has “Buy” rating given on Friday, July 24 by M Partners. The rating was maintained by Telsey Advisory Group on Friday, July 22 with “Market Perform”. M Partners maintained the stock with “Buy” rating in Thursday, January 14 report. M Partners maintained it with “Buy” rating and $91 target price in Friday, October 16 report.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 0.96 in 2016 Q2. Its up 0.32, from 0.64 in 2016Q1. The ratio is positive, as 28 funds sold all Marriott Vacations Worldwide Corp shares owned while 74 reduced positions. 19 funds bought stakes while 46 increased positions. They now own 20.95 million shares or 6.16% more from 19.74 million shares in 2016Q1.
Qci Asset Management accumulated 27 shares or 0% of the stock. Voya Investment Limited Liability, a Georgia-based fund reported 267,521 shares. Swiss Bank & Trust has invested 0% of its portfolio in Marriott Vacations Worldwide Corp (NYSE:VAC). Qs Lc has 67,088 shares for 0.04% of their US portfolio. Stratos Wealth Ptnrs has 6,514 shares for 0.03% of their US portfolio. Royal Bancorp Of Canada has 0% invested in the company for 10,421 shares. Alexandria Capital Ltd Liability Com holds 173 shares or 0% of its portfolio. Moreover, Mutual Of America Ltd has 0% invested in Marriott Vacations Worldwide Corp (NYSE:VAC) for 450 shares. Fiera holds 213,692 shares or 0.08% of its portfolio. The Massachusetts-based Panagora Asset Incorporated has invested 0.03% in Marriott Vacations Worldwide Corp (NYSE:VAC). Brown Brothers Harriman & Company last reported 40 shares in the company. Independent Port Consultants has 715 shares for 0.02% of their US portfolio. The Massachusetts-based Numeric Ltd has invested 0% in Marriott Vacations Worldwide Corp (NYSE:VAC). Burt Wealth accumulated 918 shares or 0.07% of the stock. Teacher Retirement Sys Of Texas, a Texas-based fund reported 3,423 shares.
Insider Transactions: Since July 25, 2016, the stock had 0 buys, and 2 sales for $329,354 net activity. On Tuesday, July 26 Miller Brian E. sold $314,640 worth of the stock or 4,000 shares. $14,714 worth of shares were sold by Hunter James H. IV on Monday, July 25.
More notable recent Marriott Vacations Worldwide Corp (NYSE:VAC) news were published by: Marketwatch.com which released: “Marriott Vacations Worldwide Corp.” on September 30, 2011, also Prnewswire.com with their article: “Marriott Vacations Worldwide Completes Securitization of Vacation Ownership Loans” published on August 15, 2016, Quotes.Wsj.com published: “News Marriott Vacations Worldwide Corp.VAC” on November 22, 2011. More interesting news about Marriott Vacations Worldwide Corp (NYSE:VAC) were released by: Forbes.com and their article: “Marriott Vacations Worldwide is Now Oversold (VAC)” published on November 01, 2016 as well as Wsj.com‘s news article titled: “Marriott Vacations Shares Fall as Results Miss Expectations” with publication date: October 13, 2016.
VAC Company Profile
Marriott Vacations Worldwide Corporation, incorporated on June 21, 2011, is a developer, marketer, seller and manager of vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The Firm is a developer, marketer and seller of vacation ownership and related products under The Ritz-Carlton Destination Club brand. The Firm develops, markets and sells whole ownership residential products under The Ritz-Carlton Residences brand. The Firm operates through three divisions: North America, Europe and Asia Pacific. The Company’s portfolio consists of approximately 60 properties in the United States and over eight other countries and territories. The Company’s brands include The Marriott Vacation Club, Grand Residences by Marriott, The Ritz-Carlton Destination Club and The Ritz-Carlton Residences.
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