Hilton Grand Vacations (NYSE:HGV) Stock Gets Price Target Reduction from Susquehanna

Hilton Grand Vacations (NYSE:HGV) had its target price lowered by Susquehanna from $50.00 to $39.00 in a research note published on Thursday, Marketbeat.com reports. The brokerage currently has a neutral rating on the stock.

Several other brokerages also recently issued reports on HGV. Citigroup restated a “market outperform” rating on shares of Hilton Grand Vacations in a research report on Friday, September 4th. The Goldman Sachs Group lowered their target price on Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Wall Street Zen cut Hilton Grand Vacations from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Zacks Research downgraded Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. Finally, Morgan Stanley cut their price target on Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating for the company in a report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $51.30.

Hilton Grand Vacations Stock Performance

NYSE:HGV opened at $35.43 on Thursday. The company has a current ratio of 5.02, a quick ratio of 3.20 and a debt-to-equity ratio of 6.18. The company has a market capitalization of $2.75 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 0.36 and a beta of 1.61. The firm has a 50-day moving average price of $39.35 and a two-hundred day moving average price of $45.22. Hilton Grand Vacations has a twelve month low of $33.99 and a twelve month high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.05). The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. As a group, research analysts expect that Hilton Grand Vacations will post 4.50 earnings per share for the current fiscal year.

Hilton Grand Vacations announced that its board has initiated a stock buyback program on Thursday, August 20th that permits the company to buy back $600.00 million in shares. This buyback authorization permits the company to repurchase up to 17% of its stock through open market purchases. Share buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Hilton Grand Vacations

In other news, insider Charles Corbin, Jr. sold 20,691 shares of the business’s stock in a transaction that occurred 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 transaction, the insider 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 filing with the SEC, which is available at the SEC website. 3.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hilton Grand Vacations

Institutional investors and hedge funds have recently modified their holdings of the company. Persistent Asset Partners Ltd purchased a new stake in Hilton Grand Vacations in the 2nd quarter worth approximately $63,000. Leonteq Securities AG raised its holdings in Hilton Grand Vacations by 189.7% in the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after acquiring an additional 440 shares during the last quarter. Nykredit A S acquired a new position in Hilton Grand Vacations in the 2nd quarter valued at $38,000. Allworth Financial LP acquired a new position in Hilton Grand Vacations in the 2nd quarter valued at $43,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Hilton Grand Vacations during the 2nd quarter worth $85,000. Hedge funds and other institutional investors 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 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.