Jefferies Initiates Coverage on Marriot Vacations (VAC). What May be Next?

July 16, 2018 - By Robert Shackelford

Marriott Vacations Worldwide Corporation (NYSE:VAC) Logo

Investors sentiment increased to 1.05 in Q1 2018. Its up 0.15, from 0.9 in 2017Q4. It is positive, as 19 investors sold Marriott Vacations Worldwide Corporation shares while 77 reduced holdings. 36 funds opened positions while 65 raised stakes. 19.19 million shares or 0.47% less from 19.28 million shares in 2017Q4 were reported.

Quantbot Technology Ltd Partnership reported 3,347 shares stake. Massachusetts-based Research And Management has invested 0.05% in Marriott Vacations Worldwide Corporation (NYSE:VAC). Moreover, Employees Retirement System Of Texas has 0.03% invested in Marriott Vacations Worldwide Corporation (NYSE:VAC) for 18,000 shares. First Personal Fincl Ser holds 0.01% or 206 shares. Voloridge Inv Lc has invested 0.07% in Marriott Vacations Worldwide Corporation (NYSE:VAC). Proshare Advsrs Limited Company owns 0% invested in Marriott Vacations Worldwide Corporation (NYSE:VAC) for 3,591 shares. Citadel Advsrs holds 0.01% or 110,155 shares in its portfolio. State Of Tennessee Treasury Department accumulated 0.01% or 16,836 shares. Kbc Nv reported 1,251 shares stake. Amalgamated Savings Bank owns 3,102 shares for 0.01% of their portfolio. Virginia Retirement Et Al stated it has 2,600 shares or 0% of all its holdings. Moreover, Lincoln National has 0.01% invested in Marriott Vacations Worldwide Corporation (NYSE:VAC). Boyar Asset Mgmt reported 2,261 shares. City Hldgs Company stated it has 0.02% of its portfolio in Marriott Vacations Worldwide Corporation (NYSE:VAC). Glenmede Trust Na holds 0% of its portfolio in Marriott Vacations Worldwide Corporation (NYSE:VAC) for 45 shares.

Since January 29, 2018, it had 2 insider purchases, and 3 insider sales for $109,412 activity. Yonker Michael E. also sold $377,502 worth of Marriott Vacations Worldwide Corporation (NYSE:VAC) shares. On Wednesday, March 7 the insider Smith Dwight D. sold $183,250.

Why Has Jefferies Given Marriot Vacations (VAC) a $150.0 Price Target

In a note released on Monday morning, research analysts at Jefferies began coverage for Marriot Vacations (VAC) shares. The firm has decided to set a “Buy” rating along with a $150.0, adding 27.28 % to the target.

The stock increased 0.81% or $0.95 during the last trading session, reaching $118.8. About 128,240 shares traded. Marriott Vacations Worldwide Corporation (VAC) has risen 2.40% since July 16, 2017 and is uptrending. It has underperformed by 10.17% the S&P500.

Analysts await Marriott Vacations Worldwide Corporation (NYSE:VAC) to report earnings on August, 2. They expect $1.92 EPS, up 20.00 % or $0.32 from last year’s $1.6 per share. VAC’s profit will be $51.01M for 15.47 P/E if the $1.92 EPS becomes a reality. After $1.39 actual EPS reported by Marriott Vacations Worldwide Corporation for the previous quarter, Wall Street now forecasts 38.13 % EPS growth.

Marriott Vacations Worldwide Corporation develops, markets, sells, and manages vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands. The company has market cap of $3.16 billion. The firm 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. It has a 13.95 P/E ratio. It sells points vacation ownership products through Marriott Vacation Club points ownership programs focused in North America and the Asia Pacific; and weeks vacation ownership products.

More news for Marriott Vacations Worldwide Corporation (NYSE:VAC) were recently published by: Gurufocus.com, which released: “Ron Baron Boosts Position in Marriott Vacations Worldwide” on July 11, 2018. Gurufocus.com‘s article titled: “Marriott Vacations Worldwide Corp (VAC) President & CEO Stephen P Weisz Bought $478276 of Shares” and published on June 19, 2018 is yet another important article.

Marriott Vacations Worldwide Corporation (NYSE:VAC) Institutional Positions Chart

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