Marriott Vacations reports preliminary Q4 results » 08:3201/2001/20/21
Marriott Vacations expects to report these preliminary 4Q20 results. Contract sales for Vacation Ownership increased more than 25% sequentially to $178M. VPG increased 9% year-over-year in Q4 and tours declined 59%. Interval International exchange transactions increased approximately 17% and average revenue per member was down approximately 4% year-over-year. The company ended 2020 with approximately $1.3B of liquidity. The company has not yet completed its financial close processes for 4Q20, so GAAP financial results for the quarter have not yet been finalized. The company expects to report Q4 full financial results on or around February 24, 2021.
|Over a week ago|
Fly Intel: Top five analyst upgrades » 09:5601/0601/06/21
PFGC, WING, MET, MA, CTAS
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Performance Food Group (PFGC) upgraded to Overweight from Equal Weight at Barclays with analyst Jeffrey Bernstein saying the company offers a "compelling combination" of strong organic sales and EBITDA growth. coupled with significant market share gains and acquisition optionality. 2. Wingstop (WING) upgraded to Overweight from Equal Weight at Barclays with analyst Jeffrey Bernstein saying Wingstop offers an "attractive combination" of outsized comp and unit growth. 3. MetLife (MET) upgraded to Overweight from Neutral at Piper Sandler with analyst John Barnidge saying he's "grown to appreciate" the vision insurance transaction and he notes that MetLife is materially repurchasing stock. Further, the company's property and casualty business sale reduces earnings volatility, Barnidge tells investors in a research note. 4. MasterCard (MA) upgraded to Buy from Neutral at BofA with analyst Jason Kupferberg saying the company is an ideal way to get exposure to macro and consumer spending recovery as vaccine distribution accelerates. 5. Cintas (CTAS) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Toni Kaplan saying she still views Cintas' valuation as expensive relative to the stock's history, but thinks Cintas could "prove to be a solid compounder" in a cyclical recovery. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Wyndham Destinations price target raised to $63 from $41 at Deutsche Bank » 07:3701/0601/06/21
Deutsche Bank analyst…
Deutsche Bank analyst Chris Woronka raised the firm's price target on Wyndham Destinations (WYND) to $63 from $41 and keeps a Buy rating on the shares. Woronka believes Wyndham Destinations can close the valuation "disconnect" to Marriott Vacations (VAC) over time.
Marriott Vacations price target raised to $128 from $88 at Deutsche Bank » 07:3501/0601/06/21
Deutsche Bank analyst…
Deutsche Bank analyst Chris Woronka raised the firm's price target on Marriott Vacations to $128 from $88 and keeps a Hold rating on the shares. A "healthy dose of optimism" about a post-Covid recovery in timeshare is now in the stocks following the Q4 rally, Woronka tells investors in a research note.
Performance Food upgraded to Overweight with 27% upside at Barclays » 06:0801/0601/06/21
Barclays analyst Jeffrey…
Barclays analyst Jeffrey Bernstein upgraded Performance Food Group to Overweight from Equal Weight with a price target of $60, up from $46. The company offers a "compelling combination" of strong organic sales and EBITDA growth. coupled with significant market share gains and acquisition optionality, Bernstein tells investors in a research note. The analyst sees 27% upside in the shares.
Performance Food Group upgraded to Overweight from Equal Weight at Barclays » 04:4801/0601/06/21
Barclays analyst Jeffrey…
Barclays analyst Jeffrey Bernstein upgraded Performance Food Group to Overweight from Equal Weight with a $60 price target.
Marriott Vacations promotes John Geller, Jr. to President » 08:3401/0401/04/21
Marriott Vacations Worldwide is pleased to announce the promotion of John Geller, Jr. to the position of president of Marriott Vacations Worldwide, along with the continuation of his current role as CFO.
Fly Intel: Top five weekend stock stories » 20:0412/2712/27/20
FB, UAL, DAL, YELP, BABA, WH, NCLH, CZR, VAC, STAY, WYNN, LUV, ALGT, RYAAY, GOL, POOL
Catch up on the…
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Facebook (FB) has moved one of its most important intellectual properties out of Ireland, ending a financial arrangement used to move billions in profits through the country largely untaxed, The Times of London's Paul O'Donoghue reported. New documents show that the social media giant has moved to wind up several Irish holding companies which it used to hold its intellectual property for international sales, the author added. The company has also shifted billions of euros in profits from its Irish holding company back to the U.S., the publication said. 2. United Airlines (UAL) and Delta Air Lines (DAL) are requiring all passengers on flights from the United Kingdom to the United States to present a negative COVID-19 test taken within 72 hours of departure, Reuters' Tracy Rucinski reported. The decision follows the emergence of a highly infectious new coronavirus variant in Britain that has prompted many countries to shut their borders to travelers from there, the publication added. 3. Yelp (YELP) stock might merit only a one-star review for 2020, Eric Savitz wrote in this week's edition of Barron's. The widespread shutdown of indoor dining has weighed heavily on the online recommendation service, yet changes in its business model, combined with hopes for a reopening of the economy as COVID-19 vaccines arrive, give reason to reason to think that Yelp can reach for the stars, the author noted. 4. Ant Group said on Sunday it will establish a "rectification" working party and implement regulatory requirements in full, in a statement issued after a meeting with financial regulators, according to Reuters. Hours earlier, China's central bank vice governor Pan Gongsheng said regulators had urged Ant to outline a rectification plan and a timetable as soon as possible to meet regulatory demands, the publication noted. 5. Wyndham Hotels (WH), Norwegian Cruise Line (NCLH), Caesars (CZR), Marriott Vacations (VAC), Extended Stay (STAY), Wynn Resorts (WYNN), Delta Air Lines, Southwest (LUV), Allegiant Travel (ALGT), Ryanair (RYAAY), GOL Linhas Aereas (GOL), and Pool Corp. (POOL) saw positive mentions in this week's edition of Barron's.
Caesars, Wynn among leisure stocks to play rebound, Barron's says » 08:3312/2612/26/20
WH, NCLH, CZR, VAC, STAY, WYNN
Some travel and leisure…
Some travel and leisure stocks are up 20% or more in recent weeks, though many remain down on the year, with a big impetus coming in early November when promising news about the efficacy of COVID-19 vaccines began to emerge, Lawrence Strauss writes in this week's edition of Barron's. Still, while the vaccines should pave the way for better times and earnings across the travel and tourism industry, the speed and takeup of the rollout are wild cards, he contends. After speaking with a number of analysts and portfolio managers, Barron's sees Wyndham Hotels (WH), Norwegian Cruise Line (NCLH), Caesars (CZR), Marriott Vacations (VAC), Extended Stay (STAY) and Wynn Resorts (WYNN) are stocks with good potential value. Reference Link
|Over a month ago|
Performance Food pays $5.075M to resolve Equal Employment Opportunity suit » 12:2312/1612/16/20
Performance Food Group…
Performance Food Group will pay $5.075M in monetary relief and furnish significant equitable relief to settle a federal nationwide sex discrimination lawsuit, the U.S. Equal Employment Opportunity Commission announced. According to the EEOC's lawsuit, since at least 2004, Performance has engaged "in an ongoing pattern or practice of failing to hire a class of female applicants for operative positions at its Broadline facilities. The EEOC also charged that PFG failed to promote a qualified female employee into the position of nighttime warehouse training supervisor at its Carroll County Foods facility in Maryland based on her sex."