Zacks Research Upgrades Hilton Grand Vacations (NYSE:HGV) to Hold

Hilton Grand Vacations (NYSE:HGV) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

Several other equities research analysts have also recently weighed in on HGV. Mizuho cut their price objective on shares of 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. Truist Financial decreased their target price on shares of Hilton Grand Vacations from $71.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. JPMorgan Chase & Co. dropped their target price on shares of Hilton Grand Vacations from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, October 30th. Susquehanna cut their price target on shares of Hilton Grand Vacations from $50.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, October 15th. Finally, Morgan Stanley reduced their price target 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. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Hilton Grand Vacations currently has a consensus rating of “Hold” and a consensus target price of $49.10.

Hilton Grand Vacations Stock Performance

NYSE:HGV opened at $43.89 on Tuesday. The stock has a fifty day moving average price of $37.57 and a 200-day moving average price of $44.53. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 0.30 and a beta of 1.60. 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 fifty-two week low of $33.99 and a fifty-two week high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, October 29th. The company reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $2.95. Hilton Grand Vacations had a return on equity of 39.73% and a net margin of 7.02%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the firm posted $0.60 EPS. Hilton Grand Vacations’s quarterly revenue was up 50.8% on a year-over-year basis. As a group, equities analysts anticipate that Hilton Grand Vacations will post 6.38 EPS for the current fiscal year.

Hilton Grand Vacations announced that its Board of Directors has authorized a stock repurchase program on Thursday, August 20th that allows the company to repurchase $600 million in shares. This buyback authorization allows the company to buy up to 17% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Mark Wang acquired 12,200 shares of Hilton Grand Vacations stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average cost of $40.92 per share, with a total value of $499,224.00. Following the completion of the purchase, the insider directly owned 916,715 shares of the company’s stock, valued at $37,511,977.80. This represents a 1.35% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HGV. Persistent Asset Partners Ltd acquired a new stake in Hilton Grand Vacations in the second quarter valued at approximately $63,000. Covestor Ltd grew its stake in shares of 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. Oregon Public Employees Retirement Fund increased its holdings in shares of Hilton Grand Vacations by 3.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 12,322 shares of the company’s stock worth $482,000 after buying an additional 400 shares in the last quarter. Leonteq Securities AG increased its holdings in shares of Hilton Grand Vacations by 189.7% during the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after buying an additional 440 shares in the last quarter. Finally, Nykredit A S acquired a new position in shares of Hilton Grand Vacations during the second quarter worth $38,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc (NYSE:HGV) is a global vacation ownership company that markets and sells vacation intervals, points-based memberships and related travel experiences. Its portfolio includes branded vacation ownership resorts and accommodations in popular leisure destinations, with products designed to provide members with recurring access to vacation properties.

The company also provides resort management, reservation and customer services, financing for vacation ownership purchases, and exchange and travel-planning services.