Hilton Grand Vacations (NYSE:HGV) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Hilton Grand Vacations (NYSE:HGV) from a hold rating to a buy rating in a research report released on Saturday.

Several other research analysts also recently weighed in on the company. Morgan Stanley restated an “equal weight” rating and set a $49.00 target price on shares of Hilton Grand Vacations in a research note on Friday, January 16th. Barclays decreased their price target on Hilton Grand Vacations from $49.00 to $48.00 and set an “equal weight” rating for the company in a research note on Monday, March 2nd. Zacks Research lowered Hilton Grand Vacations from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Mizuho dropped their price target 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. Finally, Weiss Ratings upgraded Hilton Grand Vacations from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 17th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $52.33.

Hilton Grand Vacations Stock Down 6.2%

Shares of NYSE HGV opened at $37.86 on Friday. The stock’s fifty day simple moving average is $44.67 and its two-hundred day simple moving average is $43.81. Hilton Grand Vacations has a 12-month low of $30.59 and a 12-month high of $52.08. The company has a current ratio of 5.20, a quick ratio of 3.17 and a debt-to-equity ratio of 5.04. The stock has a market capitalization of $3.08 billion, a PE ratio of 41.60, a price-to-earnings-growth ratio of 0.52 and a beta of 1.43.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.17). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Hilton Grand Vacations had a net margin of 1.60% and a return on equity of 11.90%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 earnings per share. As a group, analysts expect that Hilton Grand Vacations will post 3.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Hilton Grand Vacations

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Securian Asset Management Inc. boosted its stake in Hilton Grand Vacations by 5.0% during the third quarter. Securian Asset Management Inc. now owns 4,619 shares of the company’s stock worth $193,000 after buying an additional 222 shares during the period. Fifth Third Bancorp increased its holdings in Hilton Grand Vacations by 5.7% in the 4th quarter. Fifth Third Bancorp now owns 4,449 shares of the company’s stock valued at $199,000 after purchasing an additional 238 shares during the last quarter. Quadrant Capital Group LLC raised its position in Hilton Grand Vacations by 13.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,501 shares of the company’s stock valued at $112,000 after purchasing an additional 291 shares during the period. Waterway Wealth Management LLC raised its position in Hilton Grand Vacations by 4.3% in the third quarter. Waterway Wealth Management LLC now owns 7,950 shares of the company’s stock valued at $332,000 after purchasing an additional 325 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Hilton Grand Vacations by 60.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock worth $41,000 after purchasing an additional 349 shares in the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Company Profile

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.