Hilton Grand Vacations Inc. (NYSE:HGV – Get Free Report)’s share price passed above its 50-day moving average during trading on Friday after Morgan Stanley raised their price target on the stock from $55.00 to $58.00. The stock has a 50-day moving average of $37.74 and traded as high as $38.58. Morgan Stanley currently has an equal weight rating on the stock. Hilton Grand Vacations shares last traded at $38.4860, with a volume of 1,877,914 shares trading hands.
A number of other equities research analysts have also weighed in on HGV. Weiss Ratings restated a “hold (c)” rating on shares of Hilton Grand Vacations in a research note on Friday, May 29th. Zacks Research lowered shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 9th. Wall Street Zen upgraded shares of Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. The Goldman Sachs Group raised shares of Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 target price on the stock in a research report on Monday, June 1st. Finally, Wells Fargo & Company cut their price target on shares of Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $49.80.
Check Out Our Latest Research Report on Hilton Grand Vacations
Insider Buying and Selling
In other Hilton Grand Vacations news, insider Charles Corbin, Jr. sold 20,691 shares of Hilton Grand Vacations 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 sale, the insider owned 47,924 shares of the company’s stock, valued at approximately $2,247,635.60. The trade was a 30.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.10% of the company’s stock.
Hilton Grand Vacations News Summary
Here are the key news stories impacting Hilton Grand Vacations this week:
- Positive Sentiment: Accelerated share buyback: HGV entered into an uncollared $200 million accelerated share-repurchase agreement with Deutsche Bank. The program should reduce shares outstanding, potentially support earnings per share, and signal management’s confidence in the stock’s valuation. Hilton Grand Vacations Starts Accelerated Share Buyback
- Positive Sentiment: Strong third-quarter earnings: Hilton Grand Vacations reported adjusted earnings of $4.03 per share, far above the $1.08 analyst consensus and up from $0.60 a year earlier. Revenue reached $1.96 billion versus the $1.39 billion estimate, increasing 50.8% year over year. The large earnings and revenue beats are the primary catalyst for the stock’s advance. Hilton Grand Vacations Surpasses Q3 Earnings and Revenue Estimates
- Positive Sentiment: Updated outlook: Management forecast 2026 adjusted EBITDA of approximately $1.165 billion to $1.180 billion following a guidance reset, giving investors a clearer view of expected profitability. Hilton Grand Vacations Forecasts 2026 Adjusted EBITDA
- Neutral Sentiment: HGV appointed Mike Riley as executive vice president and chief sales and marketing officer. The change could influence future sales execution, but its near-term financial impact is unclear. Hilton Grand Vacations Appoints Mike Riley
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Leonteq Securities AG lifted its holdings in shares of Hilton Grand Vacations by 189.7% during the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares during the period. Nykredit A S purchased a new stake in Hilton Grand Vacations in the second quarter valued at approximately $38,000. Allworth Financial LP purchased a new stake in Hilton Grand Vacations in the second quarter valued at approximately $43,000. Persistent Asset Partners Ltd acquired a new position in Hilton Grand Vacations in the 2nd quarter worth approximately $63,000. Finally, Sterling Capital Management LLC increased its holdings in Hilton Grand Vacations by 912.6% in the 3rd quarter. Sterling Capital Management LLC now owns 2,015 shares of the company’s stock worth $70,000 after buying an additional 1,816 shares during the period. 97.23% of the stock is currently owned by hedge funds and other institutional investors.
Hilton Grand Vacations Trading Up 7.8%
The company has a debt-to-equity ratio of 5.29, a quick ratio of 3.20 and a current ratio of 5.15. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 7.42, a P/E/G ratio of 0.36 and a beta of 1.61. The company’s fifty day moving average is $37.74 and its two-hundred day moving average is $44.61.
Hilton Grand Vacations (NYSE:HGV – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $4.03 EPS for the quarter, beating the consensus estimate of $1.08 by $2.95. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Hilton Grand Vacations had a net margin of 7.02% and a return on equity of 39.73%. The business’s quarterly revenue was up 50.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. On average, research analysts anticipate that Hilton Grand Vacations Inc. will post 4.48 EPS for the current year.
Hilton Grand Vacations announced that its board has authorized a share buyback program on Thursday, August 20th that allows the company to buy back $600 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 17% of its shares through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.
About Hilton Grand Vacations
Hilton Grand Vacations Inc (NYSE:HGV) is a global vacation ownership company that markets and sells vacation intervals, points-based memberships and related travel experiences. Its portfolio includes branded vacation ownership resorts and accommodations in popular leisure destinations, with products designed to provide members with recurring access to vacation properties.
The company also provides resort management, reservation and customer services, financing for vacation ownership purchases, and exchange and travel-planning services.
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