Hilton Grand Vacations (NYSE:HGV) Rating Increased to Hold at Wells Fargo & Company

Hilton Grand Vacations (NYSE:HGV) was upgraded by analysts at Wells Fargo & Company to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. Truist Financial decreased their price objective on Hilton Grand Vacations from $62.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 14th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $39.00 target price on shares of Hilton Grand Vacations in a research report on Friday, August 1st. Mizuho lifted their price target on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Weiss Ratings reissued a “sell (d+)” rating on shares of Hilton Grand Vacations in a research note on Thursday, November 13th. Finally, Barclays raised their target price on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the company an “equal weight” rating in a research note on Friday, August 1st. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $52.75.

Hilton Grand Vacations Price Performance

HGV stock opened at $37.38 on Monday. The company has a debt-to-equity ratio of 4.67, a current ratio of 5.02 and a quick ratio of 3.12. Hilton Grand Vacations has a 1 year low of $30.59 and a 1 year high of $52.08. The firm has a 50-day moving average of $42.58 and a 200 day moving average of $43.18. The company has a market cap of $3.20 billion, a P/E ratio of 67.96, a PEG ratio of 4.16 and a beta of 1.66.

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

Hilton Grand Vacations announced that its Board of Directors has approved a stock buyback plan on Wednesday, August 13th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other news, insider Mark D. Wang sold 46,364 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $47.34, for a total transaction of $2,194,871.76. Following the sale, the insider owned 801,681 shares in the company, valued at $37,951,578.54. This represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charles R. Jr. Corbin sold 30,426 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $41.81, for a total transaction of $1,272,111.06. Following the sale, the insider directly owned 60,270 shares of the company’s stock, valued at $2,519,888.70. This trade represents a 33.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HGV. Securian Asset Management Inc. increased its holdings in shares of Hilton Grand Vacations by 5.0% in the 3rd quarter. Securian Asset Management Inc. now owns 4,619 shares of the company’s stock worth $193,000 after purchasing an additional 222 shares in the last quarter. Waterway Wealth Management LLC increased its holdings in Hilton Grand Vacations by 4.3% in the 3rd quarter. Waterway Wealth Management LLC now owns 7,950 shares of the company’s stock worth $332,000 after buying an additional 325 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Hilton Grand Vacations by 73.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,109 shares of the company’s stock worth $46,000 after buying an additional 468 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Hilton Grand Vacations by 3.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,994 shares of the company’s stock worth $543,000 after buying an additional 481 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Hilton Grand Vacations by 136.9% during the 1st quarter. Signaturefd LLC now owns 860 shares of the company’s stock valued at $32,000 after acquiring an additional 497 shares during the period. 97.23% of the stock is owned by institutional investors.

About Hilton Grand Vacations

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.