Hilton Grand Vacations (NYSE:HGV) Rating Lowered to Strong Sell at Zacks Research

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

A number of other equities analysts have also recently commented on HGV. Wall Street Zen cut shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Mizuho dropped their price objective on shares of Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Truist Financial cut their target price on shares of Hilton Grand Vacations from $71.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Susquehanna began coverage on shares of Hilton Grand Vacations in a report on Tuesday, August 18th. They set a “neutral” rating and a $50.00 target price for the company. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Hilton Grand Vacations in a report on Friday, September 4th. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of “Hold” and an average price target of $54.67.

Hilton Grand Vacations Price Performance

NYSE:HGV opened at $34.78 on Monday. Hilton Grand Vacations has a 12-month low of $33.99 and a 12-month high of $55.40. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 0.35 and a beta of 1.61. The stock’s 50 day moving average price is $41.26 and its two-hundred day moving average price is $45.57. The company has a quick ratio of 3.20, a current ratio of 5.02 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 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.05). The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. On average, analysts anticipate that Hilton Grand Vacations will post 4.4 earnings per share for the current year.

Hilton Grand Vacations declared that its board has approved a share repurchase program on Thursday, August 20th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 17% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Hilton Grand Vacations 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 value of $970,407.90. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

Hedge funds and other institutional investors 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 second quarter valued at approximately $63,000. Bard Associates Inc. bought a new position in Hilton Grand Vacations during the 4th quarter worth $29,000. Leonteq Securities AG increased its stake in Hilton Grand Vacations by 189.7% during the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after acquiring an additional 440 shares during the period. Nykredit A S bought a new position in Hilton Grand Vacations during the 2nd quarter worth $38,000. Finally, Allworth Financial LP acquired a new position in Hilton Grand Vacations in the 2nd quarter valued at $43,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

About Hilton Grand Vacations

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.