Marriott Vacations Worldwide Corp (VAC) was Reiterated by MKM Partners to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 79 from a previous price target of $77 . MKM Partners advised their investors in a research report released on Apr 29, 2016.
Many Wall Street Analysts have commented on Marriott Vacations Worldwide Corp. Company shares were Reiterated by Telsey Advisory Group on Mar 3, 2016 to “Market Perform”, Firm has raised the Price Target to $ 68 from a previous price target of $64 .Company shares were Reiterated by MKM Partners on Feb 26, 2016 to “Buy”, Firm has raised the Price Target to $ 77 from a previous price target of $70 .
On the company’s financial health, Marriott Vacations Worldwide Corp reported $0.87 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.96. The company had revenue of $425.04 million for the quarter, compared to analysts expectations of $436.76 million. The company’s revenue was down -6.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.85 EPS.
Marriott Vacations Worldwide Corp opened for trading at $65.75 and hit $68.25 on the upside on Wednesday, eventually ending the session at $67.76, with a gain of 2.79% or 1.84 points. The heightened volatility saw the trading volume jump to 3,40,605 shares. Company has a market cap of $1,955 M.
In a different news, on Mar 28, 2016, Lizabeth Kane-hanan (Exec. VP & Chief Growth & Inv.) sold 2,000 shares at $65.19 per share price. According to the SEC, on Mar 14, 2016, Michael E. Yonker (Exec. VP & Chief HR Officer) sold 1,500 shares at $66.22 per share price. On Mar 3, 2016, Dwight D. Smith (Exec. VP & CIO) sold 1,500 shares at $61.40 per share price, according to the Form-4 filing with the securities and exchange commission.
Marriott Vacations Worldwide Corporation 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 Company is a developer marketer and seller of vacation ownership and related products under The Ritz-Carlton Destination Club brand and develops markets and sells residential products under The Ritz-Carlton Residences brand. It has three segments: North America Europe and Asia Pacific. The Company’s brands include The Marriott Vacation Club Grand Residences by Marriott The Ritz-Carlton Destination Club and The Ritz-Carlton Residences. Its products include Points-Based Vacation Ownership Products and Weeks-Based Vacation Ownership Products.