Hilton Grand Vacations (NYSE:HGV) Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Hilton Grand Vacations (NYSE:HGV) from a strong-buy rating to a buy rating in a report published on Saturday morning.

Several other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 target price for the company in a research note on Monday, June 1st. Morgan Stanley lifted their target price on Hilton Grand Vacations from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday. Barclays boosted their target price on Hilton Grand Vacations from $48.00 to $51.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Truist Financial raised their target price on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hilton Grand Vacations in a research note on Friday, May 29th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $57.22.

Hilton Grand Vacations Trading Down 3.0%

Hilton Grand Vacations stock opened at $48.45 on Friday. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 0.44 and a beta of 1.51. The firm has a 50-day moving average of $50.34 and a 200-day moving average of $46.93. The company has a debt-to-equity ratio of 5.41, a current ratio of 4.33 and a quick ratio of 2.64. Hilton Grand Vacations has a one year low of $36.79 and a one year high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.43. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.27 billion. Hilton Grand Vacations had a return on equity of 17.62% and a net margin of 3.16%.Hilton Grand Vacations’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.09 earnings per share. On average, equities analysts expect that Hilton Grand Vacations will post 5.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 32,907 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the completion of the sale, the insider directly owned 68,615 shares in the company, valued at approximately $3,270,190.90. This represents a 32.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Carlos Hernandez sold 5,595 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $46.69, for a total value of $261,230.55. Following the sale, the insider directly owned 14,080 shares in the company, valued at approximately $657,395.20. This trade represents a 28.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 229,315 shares of company stock valued at $11,738,497 in the last three months. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bard Associates Inc. acquired a new stake in shares of Hilton Grand Vacations in the 4th quarter valued at approximately $29,000. EverSource Wealth Advisors LLC boosted its position 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 buying an additional 565 shares in the last quarter. Leonteq Securities AG boosted its position in Hilton Grand Vacations by 189.7% in the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after buying an additional 440 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Hilton Grand Vacations by 60.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after buying an additional 349 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of Hilton Grand Vacations during the fourth quarter worth $44,000. Institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.