Fuller & Thaler Asset Management Inc. Boosts Stock Position in Marriott Vacations Worldwide Corporation $VAC

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Marriott Vacations Worldwide Corporation by 32.2% in Q1, owning 1,822,687 shares valued at $117 million.
• Marriott Vacations reported earnings of $1.96 per share, exceeding expectations, with a revenue of $1.25 billion for the quarter, reflecting a year-over-year increase of 9.3%.
• Analysts have mixed ratings on Marriott Vacations, with a consensus rating of "Hold" and a target price averaging $92.67, alongside a recent adjustment by Goldman Sachs to a price objective of $65.

Fuller & Thaler Asset Management Inc. boosted its position in Marriott Vacations Worldwide Corporation (NYSE:VAC - Free Report) by 32.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,822,687 shares of the company's stock after purchasing an additional 444,126 shares during the period. Fuller & Thaler Asset Management Inc. owned 5.27% of Marriott Vacations Worldwide worth $117,089,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. True Wealth Design LLC grew its position in shares of Marriott Vacations Worldwide by 35.2% in the 4th quarter. True Wealth Design LLC now owns 595 shares of the company's stock valued at $53,000 after buying an additional 155 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Marriott Vacations Worldwide by 136.5% in the 1st quarter. Fifth Third Bancorp now owns 395 shares of the company's stock valued at $25,000 after buying an additional 228 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Marriott Vacations Worldwide by 7.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,827 shares of the company's stock valued at $246,000 after buying an additional 253 shares during the last quarter. Grandview Asset Management LLC boosted its position in shares of Marriott Vacations Worldwide by 4.5% during the 1st quarter. Grandview Asset Management LLC now owns 6,920 shares of the company's stock valued at $445,000 after purchasing an additional 300 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Marriott Vacations Worldwide by 8.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,993 shares of the company's stock valued at $385,000 after purchasing an additional 443 shares in the last quarter. Institutional investors and hedge funds own 89.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Morgan Stanley restated an "underweight" rating on shares of Marriott Vacations Worldwide in a research report on Tuesday, July 15th. Mizuho cut their target price on Marriott Vacations Worldwide from $112.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. The Goldman Sachs Group increased their price target on Marriott Vacations Worldwide from $55.00 to $65.00 and gave the stock a "sell" rating in a report on Wednesday, August 6th. Barclays cut their price target on Marriott Vacations Worldwide from $97.00 to $88.00 and set an "overweight" rating on the stock in a report on Monday, May 12th. Finally, Stifel Nicolaus set a $101.00 price target on Marriott Vacations Worldwide and gave the stock a "buy" rating in a report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $90.50.

Marriott Vacations Worldwide Stock Performance

Marriott Vacations Worldwide stock traded up $5.44 during mid-day trading on Friday, reaching $79.39. 512,985 shares of the company's stock were exchanged, compared to its average volume of 557,408. The business's fifty day simple moving average is $76.03 and its 200 day simple moving average is $70.46. The firm has a market capitalization of $2.75 billion, a PE ratio of 11.94, a P/E/G ratio of 1.07 and a beta of 1.49. Marriott Vacations Worldwide Corporation has a one year low of $49.22 and a one year high of $100.32. The company has a quick ratio of 2.90, a current ratio of 3.55 and a debt-to-equity ratio of 2.17.

Marriott Vacations Worldwide (NYSE:VAC - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.24. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.22 billion. Marriott Vacations Worldwide had a return on equity of 11.74% and a net margin of 5.10%.Marriott Vacations Worldwide's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $1.10 earnings per share. Marriott Vacations Worldwide has set its FY 2025 guidance at 6.400-7.100 EPS. On average, sell-side analysts expect that Marriott Vacations Worldwide Corporation will post 6.23 earnings per share for the current year.

Insider Buying and Selling

In other Marriott Vacations Worldwide news, Director Christian Asmar bought 412,449 shares of Marriott Vacations Worldwide stock in a transaction that occurred on Tuesday, June 17th. The stock was acquired at an average cost of $67.61 per share, for a total transaction of $27,885,676.89. Following the completion of the transaction, the director directly owned 3,708,433 shares in the company, valued at $250,727,155.13. This represents a 12.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by insiders.

Marriott Vacations Worldwide Company Profile

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.