StockNews.com Lowers Hilton Grand Vacations (NYSE:HGV) to Sell

StockNews.com lowered shares of Hilton Grand Vacations (NYSE:HGV) from a hold rating to a sell rating in a report released on Monday.

Several other analysts have also weighed in on HGV. JPMorgan Chase & Co. lowered Hilton Grand Vacations from an overweight rating to a neutral rating and decreased their price objective for the stock from $55.00 to $36.00 in a report on Friday, August 9th. Barclays decreased their price objective on Hilton Grand Vacations from $54.00 to $40.00 and set an overweight rating on the stock in a report on Friday, August 9th. Truist Financial boosted their price target on Hilton Grand Vacations from $70.00 to $71.00 and gave the company a buy rating in a research note on Tuesday, May 28th. Mizuho decreased their price target on Hilton Grand Vacations from $63.00 to $57.00 and set an outperform rating on the stock in a research note on Friday, August 9th. Finally, Jefferies Financial Group lowered Hilton Grand Vacations from a buy rating to a hold rating and decreased their price target for the company from $55.00 to $35.00 in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $50.43.

Hilton Grand Vacations Price Performance

Shares of NYSE:HGV opened at $36.40 on Monday. Hilton Grand Vacations has a 1-year low of $33.13 and a 1-year high of $49.02. The firm has a market capitalization of $3.77 billion, a PE ratio of 17.17, a PEG ratio of 1.76 and a beta of 1.83. The business’s 50 day moving average is $40.16 and its 200-day moving average is $42.60. The company has a current ratio of 4.44, a quick ratio of 3.11 and a debt-to-equity ratio of 3.09.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.27). Hilton Grand Vacations had a return on equity of 19.41% and a net margin of 5.62%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the business posted $0.85 EPS. Hilton Grand Vacations’s revenue for the quarter was up 22.6% compared to the same quarter last year. Sell-side analysts predict that Hilton Grand Vacations will post 3.95 earnings per share for the current year.

Hedge Funds Weigh In On Hilton Grand Vacations

Several institutional investors have recently bought and sold shares of HGV. nVerses Capital LLC bought a new position in Hilton Grand Vacations in the 2nd quarter valued at $32,000. YHB Investment Advisors Inc. bought a new position in Hilton Grand Vacations in the 1st quarter valued at $47,000. Canada Pension Plan Investment Board bought a new position in Hilton Grand Vacations in the 2nd quarter valued at $93,000. Ashton Thomas Private Wealth LLC bought a new position in Hilton Grand Vacations in the 2nd quarter valued at $120,000. Finally, Quest Partners LLC bought a new position in Hilton Grand Vacations in the 4th quarter valued at $142,000. Institutional investors own 97.23% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.