A number of other analysts also recently issued reports on HGV. Janney Montgomery Scott downgraded Hilton Grand Vacations from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research report on Wednesday, September 25th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised Hilton Grand Vacations from an “underweight” rating to a “neutral” rating and set a $33.00 price objective for the company in a research report on Tuesday, August 20th. Zacks Investment Research downgraded Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Nomura raised their price objective on Hilton Grand Vacations from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Finally, Wolfe Research set a $43.00 price objective on Hilton Grand Vacations and gave the stock a “buy” rating in a research report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.63.
Shares of NYSE:HGV opened at $34.29 on Tuesday. The business has a 50-day moving average price of $34.85 and a 200 day moving average price of $31.54. The company has a current ratio of 4.41, a quick ratio of 3.27 and a debt-to-equity ratio of 3.42. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.86 and a beta of 1.96. Hilton Grand Vacations has a 12-month low of $24.17 and a 12-month high of $36.56.
Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. The firm had revenue of $466.00 million during the quarter, compared to the consensus estimate of $460.48 million. Hilton Grand Vacations had a return on equity of 47.96% and a net margin of 13.12%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company earned $0.42 EPS. As a group, equities research analysts predict that Hilton Grand Vacations will post 2.07 earnings per share for the current fiscal year.
In other Hilton Grand Vacations news, insider Barbara L. Hollkamp sold 2,000 shares of Hilton Grand Vacations stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $33.56, for a total value of $67,120.00. Following the completion of the transaction, the insider now directly owns 51,547 shares of the company’s stock, valued at approximately $1,729,917.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.05% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brinker Capital Inc. grew its position in Hilton Grand Vacations by 5.0% in the 3rd quarter. Brinker Capital Inc. now owns 11,088 shares of the company’s stock valued at $355,000 after acquiring an additional 529 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in Hilton Grand Vacations by 0.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 116,735 shares of the company’s stock valued at $3,715,000 after acquiring an additional 547 shares in the last quarter. Quadrant Capital Group LLC grew its position in Hilton Grand Vacations by 4,826.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 936 shares of the company’s stock valued at $29,000 after acquiring an additional 917 shares in the last quarter. SG Americas Securities LLC grew its position in Hilton Grand Vacations by 1.5% in the 3rd quarter. SG Americas Securities LLC now owns 70,819 shares of the company’s stock valued at $2,266,000 after acquiring an additional 1,077 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Hilton Grand Vacations by 0.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 511,197 shares of the company’s stock valued at $16,267,000 after acquiring an additional 1,412 shares in the last quarter. 99.34% of the stock is owned by institutional investors.
Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc, a timeshare company, develops, markets, and operates 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; manages resorts; operates a points-based vacation club; and finances and services loans provided to consumers for their timeshare purchases.
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