Hilton Grand Vacations (NYSE:HGV) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of Hilton Grand Vacations (NYSE:HGV) from a hold rating to a strong sell rating in a research note issued to investors on Monday,Zacks reports.

Several other research analysts have also recently commented on HGV. Citigroup reissued a “market outperform” rating on shares of Hilton Grand Vacations in a research report on Friday, September 4th. Truist Financial lowered their price target on Hilton Grand Vacations from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Susquehanna initiated coverage on Hilton Grand Vacations in a research report on Tuesday, August 18th. They set a “neutral” rating and a $50.00 price target on the stock. Wall Street Zen downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Mizuho decreased their target price on shares of Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $54.67.

Hilton Grand Vacations Stock Up 2.2%

Shares of HGV stock opened at $34.78 on Monday. The firm’s fifty day moving average price is $41.26 and its two-hundred day moving average price is $45.57. The company has a current ratio of 5.02, a quick ratio of 3.20 and a debt-to-equity ratio of 6.18. Hilton Grand Vacations has a 1 year low of $33.99 and a 1 year high of $55.40. The firm has a market capitalization of $2.70 billion, a P/E ratio of 19.65, a PEG ratio of 0.35 and a beta of 1.61.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.05). The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, equities analysts predict that Hilton Grand Vacations will post 4.4 EPS for the current fiscal year.

Hilton Grand Vacations announced that its Board of Directors has initiated a stock buyback plan on Thursday, August 20th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the company to purchase up to 17% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles Corbin, Jr. sold 20,691 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $46.90, for a total value of $970,407.90. Following the sale, the insider owned 47,924 shares in the company, valued at $2,247,635.60. This represents a 30.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

About Hilton Grand Vacations

Hilton Grand Vacations Inc (NYSE:HGV) is a global vacation ownership company that develops, markets, sells and manages timeshare interests and related travel experiences. Through its vacation ownership programs, customers purchase points or interests that can be used for stays at a network of resorts and accommodations, often with access to exchange and reservation services.

The company operates a portfolio of vacation ownership brands and offerings, including Hilton Grand Vacations, Hilton Club, HGV Max and properties associated with Diamond Resorts and Bluegreen Vacations.