Hilton Grand Vacations (NYSE:HGV) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Hilton Grand Vacations (NYSE:HGV) from a buy rating to a hold rating in a research note published on Saturday morning.

Other equities research analysts also recently issued reports about the stock. Zacks Research downgraded shares of Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 9th. The Goldman Sachs Group dropped their target price on shares of Hilton Grand Vacations from $55.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday. Barclays cut their target price on Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday. Truist Financial upped their target price on Hilton Grand Vacations from $67.00 to $71.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Mizuho decreased their price target on Hilton Grand Vacations from $75.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.00.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $45.39 on Friday. Hilton Grand Vacations has a 1 year low of $36.79 and a 1 year high of $55.40. The company has a debt-to-equity ratio of 6.18, a current ratio of 5.02 and a quick ratio of 3.20. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 0.45 and a beta of 1.53. The company has a fifty day moving average price of $50.77 and a 200-day moving average price of $47.11.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, July 30th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.05). Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts predict that Hilton Grand Vacations will post 4.66 EPS for the current fiscal year.

Insider Buying and Selling at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 32,907 shares of Hilton Grand Vacations stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the sale, the insider owned 68,615 shares of the company’s stock, valued at approximately $3,270,190.90. The trade was a 32.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Carlos Hernandez sold 5,595 shares of Hilton Grand Vacations stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total value of $261,230.55. Following the sale, the insider directly owned 14,080 shares in the company, valued at approximately $657,395.20. The trade was a 28.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 229,315 shares of company stock valued at $11,738,497. 3.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hilton Grand Vacations

A number of large investors have recently added to or reduced their stakes in the stock. Bard Associates Inc. bought a new stake in Hilton Grand Vacations during the fourth quarter valued at about $29,000. EverSource Wealth Advisors LLC lifted its position in shares of Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock valued at $27,000 after buying an additional 565 shares in the last quarter. Leonteq Securities AG lifted its position in shares of Hilton Grand Vacations by 189.7% during the 1st quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after buying an additional 440 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Hilton Grand Vacations during the 4th quarter valued at approximately $44,000. Finally, Quarry LP bought a new position in shares of Hilton Grand Vacations during the 3rd quarter valued at approximately $44,000. 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.