Hilton Grand Vacations (NYSE:HGV) Rating Lowered to “Hold” at Zacks Research

Hilton Grand Vacations (NYSE:HGV) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other analysts also recently commented on the stock. The Goldman Sachs Group raised shares of Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price objective for the company in a research report on Monday, June 1st. Truist Financial raised their price objective on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Mizuho dropped their price objective on Hilton Grand Vacations from $73.00 to $69.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Citizens Jmp raised their price objective on Hilton Grand Vacations from $50.00 to $55.00 and gave the company a “market outperform” rating in a research note on Monday, March 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hilton Grand Vacations in a research note on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Hilton Grand Vacations currently has a consensus rating of “Hold” and a consensus target price of $56.89.

Hilton Grand Vacations Stock Performance

Shares of HGV stock opened at $49.92 on Tuesday. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 0.43 and a beta of 1.50. Hilton Grand Vacations has a 52 week low of $36.79 and a 52 week high of $53.82. The company has a quick ratio of 2.64, a current ratio of 4.33 and a debt-to-equity ratio of 5.41. The firm has a 50 day moving average of $46.87 and a 200-day moving average of $45.31.

Hilton Grand Vacations (NYSE:HGV) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.56 by $0.43. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. On average, equities analysts forecast that Hilton Grand Vacations will post 5.11 earnings per share for the current year.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 32,907 shares of Hilton Grand Vacations stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the completion of the transaction, the insider owned 68,615 shares of the company’s stock, valued at $3,270,190.90. The trade was a 32.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark D. Wang sold 190,813 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $51.93, for a total value of $9,908,919.09. Following the transaction, the insider directly owned 904,241 shares of the company’s stock, valued at $46,957,235.13. The trade was a 17.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 229,315 shares of company stock valued at $11,738,497 in the last quarter. 3.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp grew its holdings in shares of Hilton Grand Vacations by 5.7% during the fourth quarter. Fifth Third Bancorp now owns 4,449 shares of the company’s stock worth $199,000 after purchasing an additional 238 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Hilton Grand Vacations by 13.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,501 shares of the company’s stock worth $112,000 after buying an additional 291 shares during the last quarter. GAMMA Investing LLC lifted its position in Hilton Grand Vacations by 60.6% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after buying an additional 349 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Hilton Grand Vacations by 3.4% in the 1st 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 during the last quarter. Finally, Leonteq Securities AG lifted its position in Hilton Grand Vacations by 189.7% in the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock worth $26,000 after buying an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.