Hilton Grand Vacations (NYSE:HGV) Hits New 12-Month Low – Time to Sell?

Hilton Grand Vacations Inc. (NYSE:HGV) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $34.95 and last traded at $35.56, with a volume of 1667499 shares traded. The stock had previously closed at $35.59.

Wall Street Analysts Forecast Growth

HGV has been the subject of several research reports. Wall Street Zen downgraded shares of Hilton Grand Vacations from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Susquehanna assumed coverage on shares of Hilton Grand Vacations in a report on Tuesday, August 18th. They set a “neutral” rating and a $50.00 price objective on the stock. Barclays dropped their price objective on shares of Hilton Grand Vacations from $51.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Hilton Grand Vacations in a research report on Wednesday, August 26th. Finally, Morgan Stanley lowered their target price on shares of Hilton Grand Vacations from $58.00 to $54.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 18th. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $54.67.

Hilton Grand Vacations Price Performance

The company has a fifty day moving average of $43.92 and a 200-day moving average of $46.02. The firm has a market cap of $2.76 billion, a P/E ratio of 20.10, a P/E/G ratio of 0.35 and a beta of 1.50. The company has a debt-to-equity ratio of 6.18, a current ratio of 5.02 and a quick ratio of 3.20.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.05). The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Hilton Grand Vacations had a net margin of 2.86% and a return on equity of 20.40%. Hilton Grand Vacations’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. On average, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 4.61 EPS for the current fiscal year.

Hilton Grand Vacations declared that its board has authorized a stock repurchase program on Thursday, August 20th that permits the company to buyback $600.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 17% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles Corbin, Jr. sold 20,691 shares of the stock in a transaction dated 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 sale, the insider owned 47,924 shares in the company, valued at approximately $2,247,635.60. This trade represents a 30.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On Hilton Grand Vacations

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Hilton Grand Vacations during the 2nd quarter valued at $422,842,000. Dimensional Fund Advisors LP increased its holdings in Hilton Grand Vacations by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,869,731 shares of the company’s stock worth $151,375,000 after acquiring an additional 60,624 shares during the last quarter. Parsifal Capital Management LP bought a new stake in Hilton Grand Vacations in the 2nd quarter valued at about $108,863,038. Geode Capital Management LLC raised its stake in Hilton Grand Vacations by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,472,796 shares of the company’s stock valued at $65,919,000 after acquiring an additional 25,020 shares during the period. Finally, TrinityBridge Ltd purchased a new stake in Hilton Grand Vacations during the second quarter valued at about $52,540,000. 97.23% of the stock is owned by institutional investors.

About Hilton Grand Vacations

Hilton Grand Vacations Inc (NYSE:HGV) is a vacation ownership company that develops, markets, sells and manages timeshare interests and related vacation experiences. Its products generally provide members with an allotment of vacation time or points that can be used at participating resorts and accommodations.

The company serves vacation owners through resort properties and membership programs under brands including Hilton Grand Vacations, The Hilton Club and HGV Max. Its offerings may include access to resort accommodations, exchange programs, travel services and other member benefits.