Susquehanna Issues Pessimistic Forecast for Hilton Grand Vacations (NYSE:HGV) Stock Price

Hilton Grand Vacations (NYSE:HGV) had its target price dropped by Susquehanna from $50.00 to $39.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s price objective would suggest a potential upside of 12.43% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley cut their target price on shares of Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 18th. 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. Zacks Research downgraded Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. JPMorgan Chase & Co. assumed coverage on Hilton Grand Vacations in a research note on Thursday, October 8th. They issued a “neutral” rating and a $39.00 price objective on the stock. Finally, Mizuho cut their price objective on Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of “Hold” and a consensus target price of $52.00.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $34.69 on Thursday. The firm has a market capitalization of $2.70 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 0.36 and a beta of 1.61. The company has a current ratio of 5.02, a quick ratio of 3.20 and a debt-to-equity ratio of 6.18. The firm’s fifty day moving average price is $39.77 and its two-hundred day moving average price is $45.30. Hilton Grand Vacations has a 1 year low of $33.99 and a 1 year high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last announced 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 firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. As a group, research analysts anticipate that Hilton Grand Vacations will post 4.50 EPS for the current year.

Hilton Grand Vacations announced that its Board of Directors has approved a stock repurchase program on Thursday, August 20th that authorizes the company to repurchase $600.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 17% of its stock through open market purchases. Share buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Charles Corbin, Jr. sold 20,691 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $2,247,635.60. This represents a 30.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Hilton Grand Vacations

Several institutional investors and hedge funds have recently made changes to their positions in the company. Persistent Asset Partners Ltd acquired a new stake in Hilton Grand Vacations during the 2nd quarter worth approximately $63,000. Leonteq Securities AG grew its holdings in 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 buying an additional 440 shares in the last quarter. Nykredit A S bought a new position in Hilton Grand Vacations during the 2nd quarter worth $38,000. Allworth Financial LP bought a new position in Hilton Grand Vacations during the 2nd quarter worth $43,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Hilton Grand Vacations during the second quarter worth $85,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

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.