Hilton Grand Vacations Inc. (NYSE:HGV) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Hilton Grand Vacations Inc. (NYSE:HGV) have earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $52.75.

A number of equities analysts have issued reports on the stock. Morgan Stanley reissued an “overweight” rating and issued a $48.00 target price on shares of Hilton Grand Vacations in a report on Wednesday, October 22nd. Barclays increased their price target on Hilton Grand Vacations from $42.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Friday, August 1st. Mizuho raised their price target on Hilton Grand Vacations from $73.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Zacks Research downgraded Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Hilton Grand Vacations in a research report on Wednesday, November 19th.

Insider Buying and Selling at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 30,426 shares of Hilton Grand Vacations stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $41.81, for a total value of $1,272,111.06. Following the sale, the insider directly owned 60,270 shares in the company, valued at $2,519,888.70. This trade represents a 33.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

Large investors have recently made changes to their positions in the company. Securian Asset Management Inc. raised its holdings in shares of Hilton Grand Vacations by 5.0% during the third quarter. Securian Asset Management Inc. now owns 4,619 shares of the company’s stock valued at $193,000 after buying an additional 222 shares during the last quarter. Waterway Wealth Management LLC increased its position 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 valued at $332,000 after acquiring an additional 325 shares during the period. EverSource Wealth Advisors LLC raised its stake in Hilton Grand Vacations by 73.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,109 shares of the company’s stock valued at $46,000 after acquiring an additional 468 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Hilton Grand Vacations by 3.8% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 12,994 shares of the company’s stock valued at $543,000 after acquiring an additional 481 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in Hilton Grand Vacations by 136.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock worth $37,000 after acquiring an additional 520 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Up 4.0%

HGV stock opened at $41.88 on Wednesday. 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 fifty day moving average price of $42.09 and a two-hundred day moving average price of $43.24. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 76.15, a PEG ratio of 4.48 and a beta of 1.66.

Hilton Grand Vacations (NYSE:HGV) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) 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 business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the business posted $0.67 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. Research analysts predict that Hilton Grand Vacations will post 3.39 EPS for the current year.

Hilton Grand Vacations declared that its board has approved a stock repurchase program on Wednesday, August 13th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Hilton Grand Vacations Company Profile

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.