Hilton Grand Vacations (NYSE:HGV) Hits New 12-Month Low – Time to Sell?

Hilton Grand Vacations Inc. (NYSE:HGV) shares reached a new 52-week low on Wednesday . The stock traded as low as $36.63 and last traded at $36.9710, with a volume of 540377 shares trading hands. The stock had previously closed at $37.91.

Analyst Upgrades and Downgrades

Several brokerages have commented on HGV. Zacks Research cut shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Mizuho cut their price objective on Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hilton Grand Vacations in a report on Wednesday, August 26th. Morgan Stanley reduced their target price on Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 18th. Finally, Citigroup reiterated a “market outperform” rating on shares of Hilton Grand Vacations in a research report on Friday, September 4th. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $54.67.

Hilton Grand Vacations Price Performance

The firm’s 50-day moving average is $45.07 and its two-hundred day moving average is $46.26. The company has a market cap of $2.89 billion, a P/E ratio of 20.98, a PEG ratio of 0.37 and a beta of 1.50. The company has a debt-to-equity ratio of 6.18, a current ratio of 5.02 and a quick ratio of 3.20.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.05). Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the business earned $0.54 EPS. Hilton Grand Vacations’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts anticipate that Hilton Grand Vacations Inc. will post 4.61 earnings per share for the current year.

Hilton Grand Vacations announced that its Board of Directors has initiated a stock repurchase plan on Thursday, August 20th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 17% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Insider Activity at Hilton Grand Vacations

In related news, insider Charles Corbin, Jr. sold 20,691 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $46.90, for a total value of $970,407.90. Following the completion of the transaction, the insider owned 47,924 shares of the company’s stock, valued at approximately $2,247,635.60. This trade represents a 30.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On Hilton Grand Vacations

Large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC purchased a new position in shares of Hilton Grand Vacations in the 2nd quarter worth approximately $231,000. WINTON GROUP Ltd bought a new position in shares of Hilton Grand Vacations during the 2nd quarter valued at approximately $293,000. Engineers Gate Manager LP raised its holdings in Hilton Grand Vacations by 690.7% during the 2nd quarter. Engineers Gate Manager LP now owns 41,535 shares of the company’s stock valued at $2,175,000 after buying an additional 36,282 shares during the period. Nykredit A S purchased a new stake in Hilton Grand Vacations during the 2nd quarter valued at $38,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Hilton Grand Vacations in the second quarter worth $450,000. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc (NYSE:HGV) is a vacation ownership company that develops, markets, sells and manages timeshare interests and related vacation experiences. Its products generally provide members with an allotment of vacation time or points that can be used at participating resorts and accommodations.

The company serves vacation owners through resort properties and membership programs under brands including Hilton Grand Vacations, The Hilton Club and HGV Max. Its offerings may include access to resort accommodations, exchange programs, travel services and other member benefits.