Hilton Grand Vacations (NYSE:HGV) Hits New 52-Week Low on Analyst Downgrade

Hilton Grand Vacations Inc. (NYSE:HGV)’s share price hit a new 52-week low during mid-day trading on Tuesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock traded as low as $33.99 and last traded at $34.01, with a volume of 1201646 shares trading hands. The stock had previously closed at $34.86.

Several other analysts have also recently weighed in on HGV. Morgan Stanley lowered their price objective on shares of Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 18th. Truist Financial lowered their price target on Hilton Grand Vacations from $71.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Wall Street Zen lowered Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. 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 report on Friday, July 31st. Finally, Citigroup reiterated a “market outperform” rating on shares of Hilton Grand Vacations in a research report on Friday, September 4th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hilton Grand Vacations presently has an average rating of “Hold” and an average price target of $54.67.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Charles Corbin, Jr. sold 20,691 shares of the business’s stock in a transaction on 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 sale, the insider directly owned 47,924 shares of the company’s stock, valued at $2,247,635.60. The trade was a 30.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HGV. Tidal Investments LLC purchased a new stake in Hilton Grand Vacations during the 2nd quarter valued at about $231,000. WINTON GROUP Ltd purchased a new position in Hilton Grand Vacations in the 2nd quarter worth approximately $293,000. Engineers Gate Manager LP lifted its position in Hilton Grand Vacations by 690.7% in the second quarter. Engineers Gate Manager LP now owns 41,535 shares of the company’s stock valued at $2,175,000 after purchasing an additional 36,282 shares during the last quarter. Nykredit A S bought a new stake in Hilton Grand Vacations in the second quarter valued at approximately $38,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Hilton Grand Vacations during the second quarter valued at approximately $450,000. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Performance

The company has a debt-to-equity ratio of 6.18, a current ratio of 5.02 and a quick ratio of 3.20. The stock has a market cap of $2.69 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 0.36 and a beta of 1.61. The business has a 50 day moving average price of $40.92 and a two-hundred day moving average price of $45.52.

Hilton Grand Vacations (NYSE:HGV) last issued its earnings results on Thursday, July 30th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.05). The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Hilton Grand Vacations had a return on equity of 20.40% and a net margin of 2.86%.The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share. As a group, equities research analysts forecast that Hilton Grand Vacations Inc. will post 4.4 EPS for the current fiscal year.

Hilton Grand Vacations declared that its board has initiated a share repurchase plan on Thursday, August 20th that permits the company to repurchase $600.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 17% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc (NYSE:HGV) is a global vacation ownership company that develops, markets, sells and manages timeshare interests and related travel experiences. Through its vacation ownership programs, customers purchase points or interests that can be used for stays at a network of resorts and accommodations, often with access to exchange and reservation services.

The company operates a portfolio of vacation ownership brands and offerings, including Hilton Grand Vacations, Hilton Club, HGV Max and properties associated with Diamond Resorts and Bluegreen Vacations.