Hilton Grand Vacations (NYSE:HGV) Cut to “Market Perform” at Citizens Jmp

Citizens Jmp cut shares of Hilton Grand Vacations (NYSE:HGV) from a market outperform rating to a market perform rating in a research note published on Monday morning, Marketbeat reports.

A number of other research analysts have also commented on the company. Truist Financial lowered their price objective on Hilton Grand Vacations from $71.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. The Goldman Sachs Group reduced their target price on Hilton Grand Vacations from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, October 30th. Barclays decreased their target price on Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. Wells Fargo & Company lowered their price target on Hilton Grand Vacations from $51.00 to $38.00 and set a “cautious” rating on the stock in a report on Monday, October 19th. Finally, Mizuho dropped their price target on shares of Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Hilton Grand Vacations has a consensus rating of “Hold” and an average target price of $49.10.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV opened at $43.89 on Monday. The company has a market capitalization of $3.33 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 0.30 and a beta of 1.60. The company has a debt-to-equity ratio of 5.29, a quick ratio of 3.35 and a current ratio of 5.15. The stock has a fifty day moving average of $37.57 and a 200-day moving average of $44.53. Hilton Grand Vacations has a one year low of $33.99 and a one year high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, October 29th. The company reported $4.03 earnings per share for the quarter, beating the consensus estimate of $1.08 by $2.95. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.39 billion. Hilton Grand Vacations had a return on equity of 39.73% and a net margin of 7.02%. Hilton Grand Vacations’s quarterly revenue was up 50.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 earnings per share. As a group, equities analysts anticipate that Hilton Grand Vacations will post 6.38 EPS for the current fiscal year.

Hilton Grand Vacations announced that its board has authorized a share repurchase program on Thursday, August 20th that permits the company to buy back $600 million in shares. This buyback authorization permits the company to buy up to 17% of its shares through open market purchases. Share buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Hilton Grand Vacations

In other news, insider Mark Wang purchased 12,200 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was purchased at an average price of $40.92 per share, with a total value of $499,224.00. Following the acquisition, the insider directly owned 916,715 shares in the company, valued at approximately $37,511,977.80. The trade was a 1.35% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 3.10% of the stock is owned by corporate insiders.

Institutional Trading of Hilton Grand Vacations

Hedge funds have recently modified their holdings of the company. Persistent Asset Partners Ltd acquired a new stake in shares of Hilton Grand Vacations in the second quarter valued at approximately $63,000. Covestor Ltd grew its holdings in shares of Hilton Grand Vacations by 17.3% in the 3rd quarter. Covestor Ltd now owns 1,800 shares of the company’s stock valued at $62,000 after buying an additional 265 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Hilton Grand Vacations by 3.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,322 shares of the company’s stock worth $482,000 after purchasing an additional 400 shares in the last quarter. Leonteq Securities AG raised its stake in shares of Hilton Grand Vacations by 189.7% in the 1st 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 bought a new stake in shares of Hilton Grand Vacations in the second quarter worth $38,000. Institutional investors own 97.23% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc (NYSE:HGV) is a global vacation ownership company that markets and sells vacation intervals, points-based memberships and related travel experiences. Its portfolio includes branded vacation ownership resorts and accommodations in popular leisure destinations, with products designed to provide members with recurring access to vacation properties.

The company also provides resort management, reservation and customer services, financing for vacation ownership purchases, and exchange and travel-planning services.