Hilton Grand Vacations Inc. (NYSE:HGV) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have received an average rating of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $51.30.

Several equities research analysts recently commented on the company. Zacks Research downgraded Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Weiss Ratings cut Hilton Grand Vacations from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Morgan Stanley decreased their price target on Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating for the company in a report on Tuesday, August 18th. Truist Financial lowered their price objective on shares of Hilton Grand Vacations from $71.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Hilton Grand Vacations in a research note on Thursday, October 8th. They set a “neutral” rating and a $39.00 price objective on the stock.

Insider Activity

In related news, insider Charles Corbin, Jr. sold 20,691 shares of Hilton Grand Vacations stock in a transaction 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 completion of the sale, the insider owned 47,924 shares in the company, valued at approximately $2,247,635.60. The trade was a 30.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

Institutional Trading of Hilton Grand Vacations

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in Hilton Grand Vacations during the 2nd quarter worth $422,842,000. Parsifal Capital Management LP bought a new stake in Hilton Grand Vacations during the 2nd quarter valued at $108,863,038. TrinityBridge Ltd bought a new stake in Hilton Grand Vacations during the 2nd quarter valued at $52,540,000. Bank of America Corp DE boosted its position in Hilton Grand Vacations by 411.4% during the 1st quarter. Bank of America Corp DE now owns 566,855 shares of the company’s stock worth $22,175,000 after acquiring an additional 456,008 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Hilton Grand Vacations during the 2nd quarter worth $18,750,000. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Stock Down 1.7%

NYSE:HGV traded down $0.60 during mid-day trading on Friday, hitting $35.43. The company had a trading volume of 981,601 shares, compared to its average volume of 1,133,100. The business has a fifty day simple moving average of $39.35 and a 200-day simple moving average of $45.22. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 0.36 and a beta of 1.61. Hilton Grand Vacations has a 1 year low of $33.99 and a 1 year high of $55.40. The company has a current ratio of 5.02, a quick ratio of 3.20 and a debt-to-equity ratio of 6.18.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, July 30th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.05). Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the company earned $0.54 EPS. Hilton Grand Vacations’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts forecast that Hilton Grand Vacations will post 4.50 earnings per share for the current fiscal year.

Hilton Grand Vacations announced that its board has initiated a stock repurchase program on Thursday, August 20th that allows the company to buy back $600.00 million in shares. This buyback authorization allows the company to purchase up to 17% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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.