Hilton Grand Vacations (NYSE:HGV) Sets New 12-Month Low – Here’s Why

Hilton Grand Vacations Inc. (NYSE:HGV) shares reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $34.58 and last traded at $34.4540, with a volume of 264076 shares trading hands. The stock had previously closed at $35.78.

Analysts Set New Price Targets

A number of analysts recently commented on HGV shares. Citigroup reaffirmed a “market outperform” rating on shares of Hilton Grand Vacations in a research note on Friday, September 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Hilton Grand Vacations in a research report on Wednesday, August 26th. The Goldman Sachs Group decreased their price objective on shares of Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Mizuho dropped 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 report on Friday, July 31st. Finally, Susquehanna initiated coverage on shares of Hilton Grand Vacations in a research note on Tuesday, August 18th. They set a “neutral” rating and a $50.00 target price on the stock. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Hilton Grand Vacations has a consensus rating of “Hold” and an average price target of $54.67.

Hilton Grand Vacations Stock Performance

The company has a 50 day moving average of $42.79 and a two-hundred day moving average of $45.81. The company has a debt-to-equity ratio of 6.18, a current ratio of 5.02 and a quick ratio of 3.20. The company has a market capitalization of $2.69 billion, a PE ratio of 19.54, a PEG ratio of 0.37 and a beta of 1.50.

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 the consensus estimate of $0.94 by ($0.05). The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS. As a group, equities research analysts predict that Hilton Grand Vacations Inc. will post 4.4 earnings per share for the current year.

Hilton Grand Vacations declared that its Board of Directors has initiated a share repurchase plan on Thursday, August 20th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the company to repurchase up to 17% of its shares through open market purchases. Shares buyback plans 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 business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $46.90, for a total transaction of $970,407.90. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Persistent Asset Partners Ltd bought a new stake in shares of Hilton Grand Vacations in the 2nd quarter worth approximately $63,000. Oregon Public Employees Retirement Fund increased its position 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 valued at $482,000 after buying an additional 400 shares in the last quarter. Leonteq Securities AG raised its stake in Hilton Grand Vacations by 189.7% during the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after buying an additional 440 shares during the last quarter. Bard Associates Inc. purchased a new position in Hilton Grand Vacations during the fourth quarter valued at $29,000. Finally, Nykredit A S bought a new stake in Hilton Grand Vacations in the second quarter worth $38,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc (NYSE:HGV) is a vacation ownership company that develops, markets, sells and manages timeshare interests and related vacation experiences. Its products generally provide members with an allotment of vacation time or points that can be used at participating resorts and accommodations.

The company serves vacation owners through resort properties and membership programs under brands including Hilton Grand Vacations, The Hilton Club and HGV Max. Its offerings may include access to resort accommodations, exchange programs, travel services and other member benefits.