Hilton Grand Vacations Inc. (NYSE:HGV) Stock Rated “Hold” by Sell-Side Brokerages

Hilton Grand Vacations Inc. (NYSE:HGV) has been given a consensus rating of “Hold” by the thirteen research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $49.10.

HGV has been the topic of a number of recent analyst reports. Citigroup cut Hilton Grand Vacations from a “market outperform” rating to a “market perform” rating in a report on Monday, November 2nd. Mizuho cut their target price on shares of Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Wells Fargo & Company cut their price objective on Hilton Grand Vacations from $51.00 to $38.00 and set a “cautious” rating on the stock in a report on Monday, October 19th. Wall Street Zen upgraded Hilton Grand Vacations from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings raised Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, November 3rd.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Mark D. Wang bought 12,200 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was acquired at an average price of $40.92 per share, with a total value of $499,224.00. Following the completion of the transaction, the insider owned 916,715 shares in the company, valued at approximately $37,511,977.80. This trade represents a 1.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charles R. Jr. Corbin sold 60,401 shares of Hilton Grand Vacations stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $43.41, for a total transaction of $2,622,007.41. Following the completion of the sale, the insider owned 47,924 shares in the company, valued at $2,080,380.84. The trade was a 55.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Persistent Asset Partners Ltd bought a new stake in shares of Hilton Grand Vacations during the 2nd quarter worth approximately $63,000. Nykredit A S bought a new position in shares of Hilton Grand Vacations in the second quarter valued at $38,000. Allworth Financial LP acquired a new position in Hilton Grand Vacations during the second quarter worth $43,000. Public Employees Retirement System of Ohio acquired a new position in Hilton Grand Vacations during the second quarter worth $85,000. Finally, Covestor Ltd increased its holdings in Hilton Grand Vacations by 17.3% during the third quarter. Covestor Ltd now owns 1,800 shares of the company’s stock worth $62,000 after buying an additional 265 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Stock Up 1.9%

Shares of HGV opened at $45.46 on Wednesday. The company has a debt-to-equity ratio of 5.29, a quick ratio of 3.35 and a current ratio of 5.15. Hilton Grand Vacations has a 52 week low of $33.99 and a 52 week high of $55.40. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 0.32 and a beta of 1.60. The business’s fifty day moving average price is $37.63 and its two-hundred day moving average price is $44.49.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, October 29th. The company reported $4.03 earnings per share for the quarter, topping the consensus estimate of $1.08 by $2.95. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Hilton Grand Vacations had a return on equity of 39.73% and a net margin of 7.02%. The company’s quarterly revenue was up 50.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. On average, analysts predict that Hilton Grand Vacations will post 6.38 earnings per share for the current year.

Hilton Grand Vacations declared that its board has initiated a share buyback program on Thursday, August 20th that permits the company to repurchase $600 million in shares. This buyback authorization permits the company to reacquire up to 17% of its shares through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc. is a vacation ownership company that develops, markets and operates resorts and sells vacation ownership interests. Its offerings include points-based vacation clubs that let members use their ownership interests to book stays at participating resorts and destinations. The company serves vacationers through resorts and club offerings in the United States and international destinations, including locations in the Caribbean, Europe and Asia-Pacific. Its portfolio includes properties associated with the Hilton Grand Vacations brand and other vacation ownership brands.