Hilton Grand Vacations (NYSE:HGV) Stock Rating Lowered by Zacks Research

Hilton Grand Vacations (NYSE:HGV) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on HGV. Mizuho dropped their target price on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a report on Friday, February 27th. The Goldman Sachs Group restated a “sell” rating and issued a $40.00 target price on shares of Hilton Grand Vacations in a research note on Thursday, February 26th. Barclays cut their price target on shares of Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday. Truist Financial dropped their target price on Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. Finally, Jefferies Financial Group increased their price objective on Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.78.

Hilton Grand Vacations Stock Up 0.8%

HGV stock traded up $0.37 during mid-day trading on Tuesday, reaching $45.01. The company had a trading volume of 13,455 shares, compared to its average volume of 796,245. The firm has a fifty day simple moving average of $46.22 and a 200 day simple moving average of $44.37. The company has a debt-to-equity ratio of 5.04, a quick ratio of 3.17 and a current ratio of 5.20. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 49.46, a price-to-earnings-growth ratio of 1.04 and a beta of 1.43. Hilton Grand Vacations has a fifty-two week low of $30.59 and a fifty-two week high of $52.08.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, February 26th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.17). Hilton Grand Vacations had a return on equity of 11.90% and a net margin of 1.60%.The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Analysts forecast that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of institutional investors have recently modified their holdings of HGV. Securian Asset Management Inc. grew its position in shares of Hilton Grand Vacations by 5.0% in the third quarter. Securian Asset Management Inc. now owns 4,619 shares of the company’s stock valued at $193,000 after purchasing an additional 222 shares during the period. Fifth Third Bancorp grew its holdings in Hilton Grand Vacations by 5.7% in the 4th quarter. Fifth Third Bancorp now owns 4,449 shares of the company’s stock valued at $199,000 after buying an additional 238 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Hilton Grand Vacations by 13.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,501 shares of the company’s stock valued at $112,000 after acquiring an additional 291 shares during the last quarter. Waterway Wealth Management LLC lifted its holdings in shares of Hilton Grand Vacations by 4.3% during the 3rd quarter. Waterway Wealth Management LLC now owns 7,950 shares of the company’s stock worth $332,000 after acquiring an additional 325 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Hilton Grand Vacations by 60.6% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after acquiring an additional 349 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.