A Director at Marriot Vacations (NYSE: VAC) is Buying Shares

By Carrie Williams

Yesterday, a Director at Marriot Vacations (VACResearch Report), Charles Elliott Andrews, bought shares of VAC for $505.1K.

Following this transaction Charles Elliott Andrews’ holding in the company was increased by 100% to a total of $518.1K. This is Andrews’ first transaction since reporting a Buy transaction on NVR back in May 2017

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Based on Marriot Vacations’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $750 million and GAAP net loss of $58 million. In comparison, last year the company earned revenue of $487 million and had a net profit of $40.76 million. VAC’s market cap is $3.86B and the company has a P/E ratio of 20.86. Currently, Marriot Vacations has an average volume of 615.1K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $128.88, reflecting a 58.7% upside. Starting in May 2018, VAC received 13 Buy ratings in a row. Four different firms, including Credit Suisse and Jefferies, currently also have a Buy rating on the stock.

The insider sentiment on Marriot Vacations has been positive according to 67 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Charles Elliott Andrews’ trades have generated a 6.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Marriott Vacations Worldwide Corp. engages in developing, marketing, selling, and managing of vacation ownership and related products under the Ritz-Carlton Destination Club and Marriott brands. It operates through the following segments: North America, Europe, and Asia Pacific.