Key Points
- Director Christian Asmar sold 750,000 Marriott Vacations Worldwide shares at an average price of $111.49, generating $83.6 million and reducing his stake by 18.16% to 3.38 million shares.
- Marriott Vacations Worldwide exceeded quarterly expectations, reporting $2.31 EPS versus the $1.97 consensus and $1.32 billion in revenue, up 5.9% year over year.
- Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and a $101.45 price target; institutional investors own 89.52% of the company.
Marriott Vacations Worldwide Corporation (NYSE:VAC - Get Free Report) Director Christian Asmar sold 750,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $111.49, for a total transaction of $83,617,500.00. Following the transaction, the director owned 3,380,818 shares of the company's stock, valued at $376,927,398.82. This trade represents a 18.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Marriott Vacations Worldwide Stock Performance
Shares of NYSE:VAC opened at $110.08 on Friday. The firm has a fifty day simple moving average of $102.64 and a two-hundred day simple moving average of $81.45. Marriott Vacations Worldwide Corporation has a 52 week low of $44.58 and a 52 week high of $131.34. The company has a quick ratio of 2.99, a current ratio of 3.56 and a debt-to-equity ratio of 2.65. The stock has a market capitalization of $3.79 billion, a P/E ratio of -11.30, a PEG ratio of 2.16 and a beta of 1.23.
Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.34. Marriott Vacations Worldwide had a negative net margin of 6.47% and a positive return on equity of 12.27%. The firm had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same period in the prior year, the company earned $1.96 EPS. The business's revenue was up 5.9% compared to the same quarter last year. Marriott Vacations Worldwide has set its FY 2026 guidance at 8.250-9.050 EPS. On average, analysts expect that Marriott Vacations Worldwide Corporation will post 8.88 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on VAC shares. Morgan Stanley restated an "underweight" rating and set a $65.00 price objective on shares of Marriott Vacations Worldwide in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $134.00 target price on shares of Marriott Vacations Worldwide in a report on Wednesday, August 12th. Zacks Research raised Marriott Vacations Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Mizuho set a $103.00 price target on Marriott Vacations Worldwide in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded Marriott Vacations Worldwide from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $101.45.
Get Our Latest Research Report on Marriott Vacations Worldwide
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ancora Advisors LLC increased its position in Marriott Vacations Worldwide by 33.1% during the 2nd quarter. Ancora Advisors LLC now owns 157,072 shares of the company's stock valued at $16,002,000 after purchasing an additional 39,073 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Marriott Vacations Worldwide by 181.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company's stock worth $71,000 after purchasing an additional 450 shares during the period. Penn Capital Management Company LLC purchased a new stake in shares of Marriott Vacations Worldwide in the 2nd quarter worth approximately $16,611,000. Empowered Funds LLC bought a new position in shares of Marriott Vacations Worldwide during the second quarter valued at approximately $14,325,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Marriott Vacations Worldwide during the second quarter valued at approximately $8,269,000. 89.52% of the stock is currently owned by institutional investors.
Marriott Vacations Worldwide Company Profile
(
Get Free Report)
Marriott Vacations Worldwide Corporation, headquartered in Orlando, Florida, specializes in the development, marketing and management of vacation ownership resorts and related products. Originally launched as a division of Marriott International in 1984, the company became a separate publicly traded entity in 2011. Since then, it has expanded its offerings through both organic growth and strategic acquisitions, establishing itself as a leading provider in the global timeshare industry.
The company's core business activities include selling vacation ownership interests, managing a growing portfolio of branded resorts and operating a loyalty program that allows members to exchange or use points at affiliated properties.
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