Hilton Grand Vacations (NYSE:HGV) Stock Rating Lowered by TheStreet

Hilton Grand Vacations (NYSE:HGVGet Rating) was downgraded by TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Tuesday, TheStreetRatingsTable reports.

A number of other brokerages also recently weighed in on HGV. Truist Financial lifted their price target on Hilton Grand Vacations from $60.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, March 8th. StockNews.com assumed coverage on Hilton Grand Vacations in a research report on Thursday, March 31st. They set a “hold” rating for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.00.

Shares of NYSE:HGV opened at $35.97 on Tuesday. The stock has a fifty day moving average of $44.87 and a 200-day moving average of $48.35. The company has a market capitalization of $4.33 billion, a PE ratio of 17.63 and a beta of 1.98. The company has a debt-to-equity ratio of 1.99, a quick ratio of 2.74 and a current ratio of 3.85. Hilton Grand Vacations has a one year low of $35.62 and a one year high of $56.33.

Hilton Grand Vacations (NYSE:HGVGet Rating) last released its quarterly earnings results on Monday, May 9th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.12). Hilton Grand Vacations had a net margin of 8.13% and a return on equity of 15.83%. The firm had revenue of $779.00 million for the quarter, compared to analyst estimates of $761.25 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The firm’s revenue was up 231.5% compared to the same quarter last year. As a group, research analysts forecast that Hilton Grand Vacations will post 3.11 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in shares of Hilton Grand Vacations by 327.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 547 shares of the company’s stock valued at $28,000 after purchasing an additional 419 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of Hilton Grand Vacations during the 1st quarter valued at about $37,000. Allworth Financial LP raised its stake in shares of Hilton Grand Vacations by 152.0% in the 1st quarter. Allworth Financial LP now owns 771 shares of the company’s stock valued at $40,000 after acquiring an additional 465 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Hilton Grand Vacations by 53.6% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,120 shares of the company’s stock worth $59,000 after purchasing an additional 391 shares during the last quarter. Finally, Covestor Ltd boosted its position in Hilton Grand Vacations by 642.2% during the first quarter. Covestor Ltd now owns 1,195 shares of the company’s stock worth $62,000 after purchasing an additional 1,034 shares during the period. Institutional investors own 97.12% of the company’s stock.

Hilton Grand Vacations Company Profile (Get Rating)

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, and manages vacation ownership resorts primarily under the Hilton Grand Vacations brand. The company operates in two segments, Real Estate Sales and Financing, and Resort Operations and Club Management. It sells vacation ownership intervals and vacation ownership interests; manages resorts and clubs; operates points-based vacation clubs and resort amenities; and finances and services loans provided to consumers for their timeshare purchases.

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