Hilton Grand Vacations Inc. (NYSE:HGV) Receives Consensus Rating of “Hold” from Analysts

Hilton Grand Vacations Inc. (NYSE:HGV) has been assigned a consensus rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $54.8889.

Several research firms have commented on HGV. Barclays lowered their target price on shares of Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Hilton Grand Vacations in a research note on Friday, May 29th. Susquehanna initiated coverage on Hilton Grand Vacations in a report on Tuesday, August 18th. They set a “neutral” rating and a $50.00 price objective on the stock. Zacks Research downgraded Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Finally, The Goldman Sachs Group reduced their target price 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.

Hilton Grand Vacations Stock Performance

HGV stock opened at $43.71 on Friday. The firm has a 50 day moving average of $48.65 and a two-hundred day moving average of $46.97. Hilton Grand Vacations has a 12 month low of $36.79 and a 12 month high of $55.40. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 0.44 and a beta of 1.53. The company has a quick ratio of 3.20, a current ratio of 5.02 and a debt-to-equity ratio of 6.18.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts anticipate that Hilton Grand Vacations will post 4.61 EPS for the current fiscal year.

Hilton Grand Vacations declared that its board has approved a share buyback plan on Thursday, August 20th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 17% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 20,691 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $46.90, for a total value of $970,407.90. Following the completion of the sale, the insider directly owned 47,924 shares in the company, valued at approximately $2,247,635.60. The trade was a 30.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Hilton Grand Vacations

Large investors have recently modified their holdings of the company. Persistent Asset Partners Ltd bought a new stake in Hilton Grand Vacations during the second quarter valued at about $63,000. Bard Associates Inc. bought a new position in Hilton Grand Vacations during the fourth quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its position in shares of Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after purchasing an additional 565 shares during the period. Leonteq Securities AG increased its position in shares of Hilton Grand Vacations by 189.7% during the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after purchasing an additional 440 shares during the period. Finally, Nykredit A S acquired a new position in shares of Hilton Grand Vacations in the second quarter valued at $38,000. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.