Hilton Grand Vacations (NYSE:HGV) Hits New 12-Month Low – Time to Sell?

Hilton Grand Vacations Inc. (NYSE:HGV) shares reached a new 52-week low on Wednesday . The company traded as low as $36.63 and last traded at $36.9710, with a volume of 540377 shares traded. The stock had previously closed at $37.91.

Analysts Set New Price Targets

Several analysts recently issued reports on HGV shares. Wall Street Zen cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Hilton Grand Vacations in a research note on Wednesday, August 26th. Barclays lowered their target price on Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. Mizuho dropped their price target on Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Finally, The Goldman Sachs Group cut their price target on Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $54.67.

Hilton Grand Vacations Stock Down 2.3%

The business has a 50-day moving average of $45.58 and a 200-day moving average of $46.39. The company has a debt-to-equity ratio of 6.18, a quick ratio of 3.20 and a current ratio of 5.02. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 0.38 and a beta of 1.50.

Hilton Grand Vacations (NYSE:HGV) last posted its earnings results on Thursday, July 30th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 EPS. On average, sell-side analysts expect that Hilton Grand Vacations Inc. will post 4.61 EPS for the current year.

Hilton Grand Vacations announced that its board has initiated a share repurchase plan on Thursday, August 20th that authorizes the company to repurchase $600.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 17% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Hilton Grand Vacations

In related news, insider Charles Corbin, Jr. sold 20,691 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $46.90, for a total transaction of $970,407.90. Following the completion of the transaction, the insider owned 47,924 shares of the company’s stock, valued at approximately $2,247,635.60. This trade represents a 30.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC acquired a new stake in Hilton Grand Vacations in the 2nd quarter valued at about $231,000. WINTON GROUP Ltd acquired a new position in shares of Hilton Grand Vacations in the 2nd quarter valued at about $293,000. Engineers Gate Manager LP boosted its position in shares of Hilton Grand Vacations by 690.7% in the second quarter. Engineers Gate Manager LP now owns 41,535 shares of the company’s stock worth $2,175,000 after buying an additional 36,282 shares during the period. Nykredit A S purchased a new stake in shares of Hilton Grand Vacations during the second quarter valued at approximately $38,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Hilton Grand Vacations during the second quarter worth about $450,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc (NYSE:HGV) is a vacation ownership company that develops, markets, sells and manages timeshare interests and related vacation experiences. Its products generally provide members with an allotment of vacation time or points that can be used at participating resorts and accommodations.

The company serves vacation owners through resort properties and membership programs under brands including Hilton Grand Vacations, The Hilton Club and HGV Max. Its offerings may include access to resort accommodations, exchange programs, travel services and other member benefits.