Hilton Grand Vacations (HGV) Lifted to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Hilton Grand Vacations (NYSE:HGV) from a hold rating to a buy rating in a research report sent to investors on Wednesday. They currently have $47.00 price target on the stock.
According to Zacks, “Hilton Grand Vacations Company, LLC, a division of Hilton Worldwide, is engaged in hospitality business. It markets and operates vacation ownership resorts. The company also manages and serves club membership programs which include Hilton Grand Vacations Club(R) and The Hilton Club(R). It operates primarily in USA, Indonesia, Italy, Mexico, New Zealand, Portugal, Scotland and Thailand. Hilton Grand Vacations Company, LLC is headquartered in Orlando, Florida. “
Shares of Hilton Grand Vacations (NYSE HGV) traded down $0.95 during midday trading on Wednesday, reaching $41.04. 985,571 shares of the company traded hands, compared to its average volume of 359,519. The company has a debt-to-equity ratio of 3.29, a current ratio of 4.50 and a quick ratio of 3.39. The company has a market capitalization of $4,066.61 and a price-to-earnings ratio of 22.43. Hilton Grand Vacations has a 12 month low of $24.60 and a 12 month high of $43.19.
Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Wednesday, November 1st. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $426.00 million during the quarter, compared to analyst estimates of $435.83 million. Hilton Grand Vacations had a net margin of 10.84% and a return on equity of 72.15%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 earnings per share. analysts predict that Hilton Grand Vacations will post 1.96 EPS for the current fiscal year.
Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in Hilton Grand Vacations by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 2,978 shares of the company’s stock valued at $107,000 after purchasing an additional 202 shares in the last quarter. SG Americas Securities LLC purchased a new position in Hilton Grand Vacations during the third quarter valued at approximately $125,000. New York State Teachers Retirement System purchased a new position in Hilton Grand Vacations during the third quarter valued at approximately $201,000. Pacad Investment Ltd. lifted its holdings in Hilton Grand Vacations by 6.7% during the second quarter. Pacad Investment Ltd. now owns 6,400 shares of the company’s stock valued at $231,000 after purchasing an additional 400 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Hilton Grand Vacations during the third quarter valued at approximately $236,000. 99.32% of the stock is currently owned by institutional investors and hedge funds.
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Hilton Grand Vacations Company Profile
Hilton Grand Vacations Inc is a timeshare company that markets and sells vacation ownership intervals (VOIs), manages resorts in leisure and urban destinations, and operates a points-based vacation club. The Company operates its business across two segments: Real Estate Sales and Financing, and Resort Operations and Club Management.
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