Hilton Grand Vacations (NYSE:HGV) Downgraded to “Strong Sell” Rating by Zacks Research

Hilton Grand Vacations (NYSE:HGV) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also weighed in on HGV. Morgan Stanley restated an “overweight” rating and issued a $48.00 price objective on shares of Hilton Grand Vacations in a report on Wednesday. Deutsche Bank Aktiengesellschaft set a $59.00 price objective on shares of Hilton Grand Vacations and gave the stock a “buy” rating in a report on Monday, August 4th. The Goldman Sachs Group reiterated a “sell” rating and set a $39.00 target price on shares of Hilton Grand Vacations in a research note on Friday, August 1st. Truist Financial lowered their price target on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, August 21st. Finally, Barclays increased their price target on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $54.71.

Hilton Grand Vacations Stock Performance

Hilton Grand Vacations stock opened at $45.24 on Thursday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 2.77 and a current ratio of 4.43. The stock’s 50 day simple moving average is $44.63 and its two-hundred day simple moving average is $42.26. Hilton Grand Vacations has a fifty-two week low of $30.59 and a fifty-two week high of $52.08. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 82.25, a PEG ratio of 4.04 and a beta of 1.65.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.24). Hilton Grand Vacations had a return on equity of 9.71% and a net margin of 1.14%.The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm earned $0.62 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, analysts expect that Hilton Grand Vacations will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations declared that its board has authorized a stock repurchase plan on Wednesday, August 13th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Hilton Grand Vacations news, insider Mark D. Wang sold 46,364 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $47.34, for a total value of $2,194,871.76. Following the transaction, the insider directly owned 801,681 shares in the company, valued at $37,951,578.54. The trade was a 5.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its stake in Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after buying an additional 565 shares during the period. Signaturefd LLC increased its stake in Hilton Grand Vacations by 136.9% during the 1st quarter. Signaturefd LLC now owns 860 shares of the company’s stock worth $32,000 after buying an additional 497 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in Hilton Grand Vacations by 136.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 900 shares of the company’s stock worth $37,000 after buying an additional 520 shares during the period. State of Wyoming purchased a new stake in Hilton Grand Vacations during the 1st quarter worth approximately $48,000. Finally, CWM LLC increased its position in shares of Hilton Grand Vacations by 69.8% in the 2nd quarter. CWM LLC now owns 1,277 shares of the company’s stock valued at $53,000 after purchasing an additional 525 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

About Hilton Grand Vacations

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.