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 report released on Thursday,Zacks.com reports.

A number of other analysts have also recently weighed in on the stock. Mizuho increased their price target on shares of Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. The Goldman Sachs Group reiterated a “sell” rating and set a $39.00 price target on shares of Hilton Grand Vacations in a research note on Friday, August 1st. Barclays increased their price target on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Friday, August 1st. Truist Financial reduced their target price on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, August 21st. Finally, Deutsche Bank Aktiengesellschaft set a $59.00 target price on shares of Hilton Grand Vacations and gave the stock a “buy” rating in a research note on Monday, August 4th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $54.71.

Hilton Grand Vacations Trading Up 0.1%

Shares of Hilton Grand Vacations stock opened at $45.24 on Thursday. The company has a fifty day simple moving average of $44.63 and a 200-day simple moving average of $42.26. Hilton Grand Vacations has a 12-month low of $30.59 and a 12-month high of $52.08. The company has a current ratio of 4.43, a quick ratio of 2.77 and a debt-to-equity ratio of 4.31. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 82.25, a PEG ratio of 4.04 and a beta of 1.65.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.24). Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company posted $0.62 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Hilton Grand Vacations announced that its Board of Directors has approved a stock buyback plan on Wednesday, August 13th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Mark D. Wang sold 46,364 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 801,681 shares in the company, valued at approximately $37,951,578.54. This trade represents a 5.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

A number of institutional investors have recently modified their holdings of HGV. EverSource Wealth Advisors LLC grew its holdings in Hilton Grand Vacations by 743.4% in the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after purchasing an additional 565 shares during the period. Signaturefd LLC lifted its position in shares of Hilton Grand Vacations by 136.9% during the first quarter. Signaturefd LLC now owns 860 shares of the company’s stock worth $32,000 after purchasing an additional 497 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Hilton Grand Vacations by 136.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock worth $37,000 after purchasing an additional 520 shares in the last quarter. State of Wyoming bought a new stake in shares of Hilton Grand Vacations in the first quarter worth $48,000. Finally, CWM LLC increased its stake in shares of Hilton Grand Vacations by 69.8% in the second quarter. CWM LLC now owns 1,277 shares of the company’s stock worth $53,000 after buying an additional 525 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, 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.