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In a recent transaction, Charles Elliott Andrews, a director at Marriott Vacations Worldwide Corp (NYSE:VAC), purchased 1,620 shares of the company’s common stock. The shares were acquired at a price of $71.82 each, totaling approximately $116,348. The purchase comes as the stock trades near its 52-week low, having declined about 18% year-to-date. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value estimate. Following this acquisition, Andrews holds a total of 28,144 shares directly. The transaction was an open market purchase, indicating Andrews’ continued confidence in the company’s prospects. Marriott Vacations Worldwide is a key player in the real estate and vacation ownership industry, and such insider transactions often attract attention from investors looking for signals of future performance. The company has maintained dividend payments for 12 consecutive years and offers a dividend yield of 4.3%. For deeper insights into VAC’s financial health and growth prospects, including 10+ additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Marriott Vacations Worldwide reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $1.86, compared to the forecasted $1.61. The company also exceeded revenue expectations, reporting $1.33 billion against an anticipated $1.24 billion. Contract sales for Marriott Vacations grew by 7% year-over-year, with a notable 9% increase in sales to first-time buyers. Despite a slight 1% decrease in adjusted EBITDA to $185 million, the company maintained strong liquidity of over $900 million and returned $163 million to shareholders through dividends and share repurchases.
In other developments, Mizuho (NYSE:MFG) Securities recently adjusted its outlook on Marriott Vacations Worldwide, reducing the price target from $120.00 to $112.00 while maintaining an Outperform rating on the company’s shares. The adjustment reflects unexpected year-over-year challenges, including changes in rentals, compensation, and project spending, which account for approximately $45 million in headwinds for 2025. Marriott Vacations announced plans for new developments, including a resort in Waikiki and a Marriott Vacation Club in Thailand, as part of its strategic initiatives to drive growth and innovation. Looking forward, the company projects contract sales growth of 2-6% for 2025, with adjusted EBITDA guidance set between $750 million and $780 million.
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