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

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

A number of research analysts have issued reports on HGV shares. Barclays reduced their target price on shares of Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating for the company in a research note on Friday, July 31st. Zacks Research cut Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. Truist Financial boosted their price objective on Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Mizuho decreased their price objective on Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Finally, The Goldman Sachs Group decreased their price objective 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

Shares of HGV opened at $43.71 on Friday. Hilton Grand Vacations has a 1 year low of $36.79 and a 1 year high of $55.40. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 0.44 and a beta of 1.53. 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 firm has a fifty day moving average of $48.65 and a 200-day moving average of $46.97.

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

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

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 20,691 shares of Hilton Grand Vacations stock in a transaction that occurred 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 transaction, the insider owned 47,924 shares of the company’s stock, valued at $2,247,635.60. The trade was a 30.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

Institutional Trading of Hilton Grand Vacations

A number of hedge funds have recently made changes to their positions in HGV. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Hilton Grand Vacations during the second quarter valued at approximately $450,000. California State Teachers Retirement System boosted its stake in shares of Hilton Grand Vacations by 4,985.3% during the 2nd quarter. California State Teachers Retirement System now owns 3,547,963 shares of the company’s stock valued at $185,807,000 after buying an additional 3,478,194 shares during the period. Nykredit A S purchased a new position in shares of Hilton Grand Vacations during the 2nd quarter valued at $38,000. BTG Pactual Asset Management US LLC purchased a new position in shares of Hilton Grand Vacations during the 2nd quarter valued at $286,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Hilton Grand Vacations by 2.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,403 shares of the company’s stock worth $7,981,000 after acquiring an additional 4,313 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other 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.