Hilton Grand Vacations Inc. (NYSE:HGV) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have earned an average rating of “Hold” from the nine brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $54.7143.

A number of analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hilton Grand Vacations in a research note on Wednesday, October 8th. Morgan Stanley reiterated an “overweight” rating and set a $48.00 price target on shares of Hilton Grand Vacations in a research note on Wednesday, October 22nd. Mizuho increased their price target on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. The Goldman Sachs Group reiterated a “sell” rating and set a $39.00 price target on shares of Hilton Grand Vacations in a research note on Friday, August 1st. Finally, Truist Financial decreased their price target on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, August 21st.

Insider Activity at Hilton Grand Vacations

In other news, insider Mark D. Wang sold 46,364 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $47.34, for a total value of $2,194,871.76. Following the completion of the sale, the insider owned 801,681 shares in the company, valued at approximately $37,951,578.54. This trade represents a 5.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Hilton Grand Vacations

A number of institutional investors have recently modified their holdings of the business. Securian Asset Management Inc. grew its holdings in shares of Hilton Grand Vacations by 5.0% during the third quarter. Securian Asset Management Inc. now owns 4,619 shares of the company’s stock worth $193,000 after buying an additional 222 shares in the last quarter. Covey Capital Advisors LLC grew its holdings in Hilton Grand Vacations by 0.8% in the first quarter. Covey Capital Advisors LLC now owns 44,599 shares of the company’s stock valued at $1,668,000 after purchasing an additional 357 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Hilton Grand Vacations by 3.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,994 shares of the company’s stock valued at $543,000 after purchasing an additional 481 shares during the period. Signaturefd LLC grew its holdings in Hilton Grand Vacations by 136.9% in the first quarter. Signaturefd LLC now owns 860 shares of the company’s stock valued at $32,000 after purchasing an additional 497 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Hilton Grand Vacations by 136.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock valued at $37,000 after purchasing an additional 520 shares during the period. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

Hilton Grand Vacations Trading Up 0.6%

HGV opened at $41.47 on Friday. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 75.41, a price-to-earnings-growth ratio of 3.68 and a beta of 1.65. Hilton Grand Vacations has a 52 week low of $30.59 and a 52 week high of $52.08. The business’s 50 day moving average is $44.53 and its two-hundred day moving average is $42.63. The company has a quick ratio of 2.77, a current ratio of 5.02 and a debt-to-equity ratio of 4.67.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.41). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.37 billion. Hilton Grand Vacations had a return on equity of 9.52% and a net margin of 1.06%.The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned $0.67 EPS. On average, research analysts predict that Hilton Grand Vacations will post 3.39 EPS for the current year.

Hilton Grand Vacations announced that its Board of Directors has authorized a share buyback program on Wednesday, August 13th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Hilton Grand Vacations Company Profile

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.