Hilton Grand Vacations (NYSE:HGV) Stock Price Target Cut by Susquehanna

Hilton Grand Vacations (NYSE:HGV) had its price objective decreased by equities researchers at Susquehanna from $50.00 to $39.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s target price would indicate a potential upside of 12.43% from the company’s previous close.

Several other brokerages have also issued reports on HGV. The Goldman Sachs Group decreased their price target 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. Citigroup reaffirmed a “market outperform” rating on shares of Hilton Grand Vacations in a research report on Friday, September 4th. Weiss Ratings cut Hilton Grand Vacations from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. Zacks Research lowered Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Finally, Morgan Stanley lowered their target price on 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. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of “Hold” and an average price target of $52.00.

Hilton Grand Vacations Price Performance

Shares of Hilton Grand Vacations stock opened at $34.69 on Thursday. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 0.36 and a beta of 1.61. The firm’s 50-day moving average price is $39.77 and its two-hundred day moving average price is $45.30. 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 has a 1-year low of $33.99 and a 1-year high of $55.40.

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

Hilton Grand Vacations declared that its board has authorized a stock repurchase program on Thursday, August 20th that permits the company to repurchase $600.00 million in shares. This buyback authorization permits the company to purchase up to 17% of its shares through open market purchases. Share buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Hilton Grand Vacations

In related news, insider Charles Corbin, Jr. sold 20,691 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $46.90, for a total transaction of $970,407.90. Following the completion of the transaction, the insider directly owned 47,924 shares in the company, valued at approximately $2,247,635.60. This trade represents a 30.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of large investors have recently bought and sold shares of the company. Persistent Asset Partners Ltd acquired a new stake in shares of Hilton Grand Vacations in the second quarter valued at approximately $63,000. Leonteq Securities AG grew its position in Hilton Grand Vacations by 189.7% in the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after purchasing an additional 440 shares in the last quarter. Nykredit A S bought a new stake in Hilton Grand Vacations during the 2nd quarter worth about $38,000. Allworth Financial LP bought a new stake in Hilton Grand Vacations during the 2nd quarter worth about $43,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Hilton Grand Vacations during the 2nd quarter worth about $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.