Marriott Vacations Worldwide Corp (VAC) was Reiterated by Telsey Advisory Group to “Market Perform” while Lowering the Price Target of the company shares to $ 72 from a previous price target of $81 . Telsey Advisory Group advised their investors in a research report released on Oct 14, 2016.
Many Wall Street Analysts have commented on Marriott Vacations Worldwide Corp. Company shares were Reiterated by Stifel on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 88 from a previous price target of $84 .Company shares were Reiterated by Telsey Advisory Group on Jul 22, 2016 to “Market Perform”, Firm has raised the Price Target to $ 83 from a previous price target of $69 .
On the company’s financial health, Marriott Vacations Worldwide Corp reported $0.96 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Oct 13, 2016. Analyst had a consensus of $1.14. The company had revenue of $407.00 million for the quarter, compared to analysts expectations of $446.82 million. During the same quarter in the previous year, the company posted $0.82 EPS.
Marriott Vacations Worldwide Corp closed down -1.8 points or -2.52% at $69.56 with 4,52,551 shares getting traded on Tuesday. Post opening the session at $71.41, the shares hit an intraday low of $68.92 and an intraday high of $71.51 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Jul 27, 2016, Brian E. Miller (ExecVP,Chief Sales&Mkting Off.) sold 4,000 shares at $78.66 per share price. According to the SEC, on Jul 27, 2016, James H. Iv Hunter (Exec. VP & General Counsel) sold 186 shares at $79.11 per share price. 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 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.